The textile industry is still struggling to look forward to the spring.
Jin Zhihua, manager of Shaoxing Lingxing Material Co., Ltd., told the Daily Economic News reporter that now the textile company “is not difficult, it is quite difficult.†If this is still the case in April, I am afraid that more companies will fall into the losing position.
Recently, a report issued by the China Chamber of Commerce for Import and Export of Textiles and China Textile Industry Federation stated that the lack of demand for textile and apparel exports from China and competitive pressure will be more prominent. Textile exports may decline in the first half of this year.
For this reason, many companies hope that the country can help and save this traditional export industry.
Ji Yujun, chairman of Qingdao Xiyingmen Group Co., Ltd., said that domestic cotton prices have been ups and downs, coupled with continuous increase in the cost of coal, electricity, oil, and labor, and many orders have been transferred to Southeast Asian countries such as India and Vietnam. It is proposed that the country introduce relevant tax relief policies. Reduce the tax burden on textile companies.
Accelerated exports of textiles and garment exports Declined exports have occurred, and there has been an increase in the decline. According to statistics from China Customs, from January to February this year, textile and apparel exports reached US$31.23 billion, a decrease of 2.58%, of which, the total value of exports in January fell by 0.46%, and the decline in February increased to 3.28%.
Guangdong Province is a major textile exporter in China, and the situation is even weaker than the whole country. Data show that in 2011, the Dongguan City Inspection and Quarantine Bureau received a total of 84,983 batches of textiles and clothing for inspection, amounting to 221,212,100 US dollars, and the export batches and value of goods both declined by 13.2% and 15.6% respectively.
“As far as the company itself is concerned, the idea of ​​maintaining order profits at more than 10% is still difficult to achieve.†Chen Bin, deputy director of the Dongguan City Inspection and Quarantine Bureau, said that on the occasion of the opening of 2012, due to weak demand from external markets, the *** exchange rate Problems such as rising costs have plagued textile export companies that have not yet appeared in the spring.
Jin Zhihua told the "Daily Economic News" reporter: "Our company is faced with the international high-end market, so the impact has not been great, but some local companies in the same industry have already reached the edge of survival."
Foreign demand is sluggish and domestic demand is not strong. According to the report of China Gold Securities, from January to February 2012, the retail sales of clothing of 100 large-scale retail enterprises across the country increased by 6.1%, the growth rate was the lowest in the past five years, and the cumulative retail sales volume decreased by 4.23% year-on-year. Among them, retail sales in January increased 12.3% year-on-year, retail sales fell 0.18% year-on-year; February retail sales fell 8.55% year-on-year.
Textile companies call for a reduction in the tax burden “Orders, employment, taxes, and costs are the four major mountains of our textile companies.†Jin Zhihua said that when other aspects are not controllable, it is hoped that the country will have some tax concessions.
He said that the tax burden now accounts for 10% of the cost, while the cost of the ** accounted for 10%, but at the same time sales companies do not have such a large bargaining power.
Zhao Linzhong, Board of Directors of Furun Holding Group, told the reporter of the “Daily Economic News†that he proposed to include the textile industry in the pilot scope of the “Administrative Measures for the Examination and Approval of Certain Value-added Taxes for Input Value Tax of Certain Agricultural Products by the State Administration of Taxationâ€, and to deduct the input tax for agricultural products. From the current 13%, the tax rate applicable to the goods sold by taxpayers is 17%.
The textile import and export chamber of commerce report also put forward the same proposal, saying that this can solve the long-term troubles of cotton textiles and other industries "high-learning and low deduction" (17% VAT levy 13% deduction), and reduce the taxation of cotton textile companies.
Zhao Linzhong also pointed out that the artificial labor wages in the textile industry are allowed to be deducted when the VAT is calculated, and that the textile industry's R&D investment, brand marketing expenses are included in the VAT input tax deduction, or some of the leading innovative companies and brand enterprises are implemented. The value-added tax "is immediately returned."
Jin Zhihua, manager of Shaoxing Lingxing Material Co., Ltd., told the Daily Economic News reporter that now the textile company “is not difficult, it is quite difficult.†If this is still the case in April, I am afraid that more companies will fall into the losing position.
Recently, a report issued by the China Chamber of Commerce for Import and Export of Textiles and China Textile Industry Federation stated that the lack of demand for textile and apparel exports from China and competitive pressure will be more prominent. Textile exports may decline in the first half of this year.
For this reason, many companies hope that the country can help and save this traditional export industry.
Ji Yujun, chairman of Qingdao Xiyingmen Group Co., Ltd., said that domestic cotton prices have been ups and downs, coupled with continuous increase in the cost of coal, electricity, oil, and labor, and many orders have been transferred to Southeast Asian countries such as India and Vietnam. It is proposed that the country introduce relevant tax relief policies. Reduce the tax burden on textile companies.
Accelerated exports of textiles and garment exports Declined exports have occurred, and there has been an increase in the decline. According to statistics from China Customs, from January to February this year, textile and apparel exports reached US$31.23 billion, a decrease of 2.58%, of which, the total value of exports in January fell by 0.46%, and the decline in February increased to 3.28%.
Guangdong Province is a major textile exporter in China, and the situation is even weaker than the whole country. Data show that in 2011, the Dongguan City Inspection and Quarantine Bureau received a total of 84,983 batches of textiles and clothing for inspection, amounting to 221,212,100 US dollars, and the export batches and value of goods both declined by 13.2% and 15.6% respectively.
“As far as the company itself is concerned, the idea of ​​maintaining order profits at more than 10% is still difficult to achieve.†Chen Bin, deputy director of the Dongguan City Inspection and Quarantine Bureau, said that on the occasion of the opening of 2012, due to weak demand from external markets, the *** exchange rate Problems such as rising costs have plagued textile export companies that have not yet appeared in the spring.
Jin Zhihua told the "Daily Economic News" reporter: "Our company is faced with the international high-end market, so the impact has not been great, but some local companies in the same industry have already reached the edge of survival."
Foreign demand is sluggish and domestic demand is not strong. According to the report of China Gold Securities, from January to February 2012, the retail sales of clothing of 100 large-scale retail enterprises across the country increased by 6.1%, the growth rate was the lowest in the past five years, and the cumulative retail sales volume decreased by 4.23% year-on-year. Among them, retail sales in January increased 12.3% year-on-year, retail sales fell 0.18% year-on-year; February retail sales fell 8.55% year-on-year.
Textile companies call for a reduction in the tax burden “Orders, employment, taxes, and costs are the four major mountains of our textile companies.†Jin Zhihua said that when other aspects are not controllable, it is hoped that the country will have some tax concessions.
He said that the tax burden now accounts for 10% of the cost, while the cost of the ** accounted for 10%, but at the same time sales companies do not have such a large bargaining power.
Zhao Linzhong, Board of Directors of Furun Holding Group, told the reporter of the “Daily Economic News†that he proposed to include the textile industry in the pilot scope of the “Administrative Measures for the Examination and Approval of Certain Value-added Taxes for Input Value Tax of Certain Agricultural Products by the State Administration of Taxationâ€, and to deduct the input tax for agricultural products. From the current 13%, the tax rate applicable to the goods sold by taxpayers is 17%.
The textile import and export chamber of commerce report also put forward the same proposal, saying that this can solve the long-term troubles of cotton textiles and other industries "high-learning and low deduction" (17% VAT levy 13% deduction), and reduce the taxation of cotton textile companies.
Zhao Linzhong also pointed out that the artificial labor wages in the textile industry are allowed to be deducted when the VAT is calculated, and that the textile industry's R&D investment, brand marketing expenses are included in the VAT input tax deduction, or some of the leading innovative companies and brand enterprises are implemented. The value-added tax "is immediately returned."