Zhejiang textile and garment export enterprises to benefit 500 million yuan two months

With Yu Industrial Co., Ltd., Zhejiang, Huang DerongAdded to the August 1 implementation of the textile,
always smiling, a few years ago under the hard workgarment export rebate rate from 11% to 13% of
out of the technological transformation, and now thethe policy factors, is expected to export textile and
new company took over the high technology contentgarment enterprises in Zhejiang Province during the
of foreign trade order, profit margins are greater.year due to increases export tax rebate rate twice
The hands of this year from U.S. customers a newmore than the amount received tax rebate, a total
take on the interesting orders, processing of theseof at 3.5 billion.
clothes do not have sewing machines, and use specialShaoxing's textile exports contribute to the city's
equipment directly to the fabric sticking up, therate of 53.8%
clothes made of light, also waterproof windproof.As a major textile city of Shaoxing, the number of
Processing one such clothes, "with Yu," earn moreupstream and downstream industries to absorb more
than 30 U.S. dollars, is the process 6 times the normalthan a million jobs. Here, the largest in Asia, China
casual wear. This year from January to August, theTextile City. Here, just hold the 2008 China
company earned 15.65 million yuan, up 10.5%, theInternational Textile Expo Keqiao (autumn), from the
profitability of the local garment industry champion.United States, France and Japan, more than 90
A calm and confident. Zhejiang textile and garmentcountries and regions, nearly 2,000 overseas buyers
industry of business owners to technicalto discuss this transaction.
transformation, innovation to upgrade and calmly dealShaoxing is an important base for the global textile
with the changes in international and domesticindustry, every move, are striking.
economic situation. Also, as part of the state toNews from Shaoxing Economic and Trade
improve the export tax rebate rate of textileCommission, said the city's textile industry in the tight
apparel, business got benefits, breath over the air,sound running growth, production, efficiency, exports,
muster the strength.investment and other key indicators of growth are
Zhejiang textile and garment export enterprises tomore coordinated. From January to September, the
benefit 500 million yuan two monthscity's textile industry production value of 165.78 billion
Reporter from the Zhejiang Foreign Trade andyuan, up 12.2%; complete sales 164.91 billion yuan, up
Economic Office to obtain a statistical materials, the12.9%; to achieve profits of 9.05 billion yuan, of which
export tax rebate adjustment in accordance withprofit of 5.37 billion yuan, respectively, year on year
national policies, Zhejiang Province, has more thanincrease of 5.8% and 1.6% ; complete export 8.47
1120 breakdown of the export benefit. As abillion U.S. dollars, up 27.5%; completed 13.75 billion
labor-intensive export industries, Zhejiang province,yuan industrial investment, an increase of 8.0%.
textiles, clothing, toys, plastic products, furniture,General downturn in the industry case, Shaoxing
sewing machines, tools and other industries willexport obvious advantages, and further consolidate
benefit from. Including textiles, apparel exportsthe leading position. Customs statistics show that the
accounted for 90.4% benefit from product exports,city's total textile exports to the U.S. rose instead of
the export rebate rate for August 1 to 13% anddrop, in August this year to the highest single-month
further increased to 14%.increase in the month. From January to September,
The first three quarters of this year, Zhejiangthe textile industry to achieve export 8.47 billion U.S.
Province, textiles, apparel exports 32.188 billion U.S.dollars, up 27.5%, exports of textiles in the city's
dollars, up 21.2%. This raised the export tax rebatecontribution rate of 53.8%.
rate, covering the province's exports of all textile,Such as Shaoxing Municipal Party Committee
apparel products, involving nearly 12 300 exportSecretary Zhang said: "To fight for economic
enterprises, accounting for all types of exporttransformation and upgrading of Shaoxing take the
performance across the province the number offorefront in the province, first of all look at the
enterprises 38.8%, and exports accounted fortextile, not immune to this challenge, it can not
Province, 27.3% of the overall size of the export.possibly avoid. The city from top to bottom is firm
According to estimates, textile, garment export taxconfidence, speed up the development of textile
rebate rate increase of 1 percentage point each, theindustry upgrading."
exported one U.S. dollar to 0.07 yuan more than"Our people have emboldened Shaoxing", Shaoxing
refund of export tax rebates. The textile and clothingtextile enterprises, especially the leading enterprises in
export tax rebate rate increases, could this year incost control, research and development, sales and
November, December for two months, the province'sother advantages of not small. Shaoxing textile
textile, garment exporters more access to tax 520industry to the national average of 1.8 times and
million yuan, the policy "gold content" very impressive.earning profits, labor productivity was 1.