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Export

Gao Bingxue believes that textile and clothing exports are small profits, and the amount of export tax rebates is related to the living conditions of the industry.

If the tax rebate rate plummeted by 5 percentage points, under the multiple pressure of rising raw material and exchange rate, most of the small and medium-sized enterprises will be closed down.

The reduction of export tax rebates will aggravate the loss of clothing orders, and the space for price increases will be even more limited.

In the early morning of May 3rd, people of different colors in Xingang east station of Guangzhou metro line eight rushed out of the ground and rushed to Pazhou Club Hall of Guangzhou Trade Fair.

Looking at an endless stream of purchasers, Gao's learning mood did not become easy.

The RMB exchange rate against the US dollar has dropped 6.5 from 6.58 last month, leading to a 0.8 drop in corporate profits.

Data show that in 2010, the appreciation rate of RMB against the US dollar was 3.1%. In 2011, the RMB began to accelerate the exchange rate against the US dollar. The cumulative increase in the first 4 months has reached 1.9%, and the acceleration of appreciation is obvious.

Gao Bingxue told reporters that if the RMB appreciated by 1%, enterprises would face exchange losses of 16 thousand yuan or about one hundred thousand yuan, and profits would be reduced by about 5%.

Therefore, the product quotation cycle has been fixed from half year to half month, and now it has to be requoted every 10 days. It is totally floating.

"From the point of exchange rate, it is very likely that the long order will lose money."

Ying Xiuzhen, deputy general manager of Ningbo Zhongji import and export company, said that although the RMB exchange rate does not exceed 30% of the quoted price, the appreciation has great uncertainty. Many enterprises only dare to take some short lists.

At present, small and medium-sized foreign trade enterprises have been close to the "life and death pass" under the joint action of commodity prices, price rises of raw materials and appreciation of RMB.

In April 26th, Liu Jingsong, deputy director of the Finance Department of the Ministry of Commerce, said that the average profit margin of China's export enterprises in 2010 was 1.47%, lower than the average profit level of industrial enterprises. In 2011 1 to February, the export profit rate of enterprises dropped further to 1.44%.

Despite the first quarter economic data released, despite the first deficit in 6 years, the total export volume of textiles and clothing in China increased by US $48 billion 627 million, up 23.96% over the same period last year.

"If we exclude the factors that firms generally raise their prices, we will probably be negative growth if they are calculated from volume alone."

Jin Fangping, general manager of China Small Commodity City, believes that the demand for centralized replenishment of the world has come to an end this year, and the export price of textile enterprises will be forced to rise by 10%~15%.

The bigger worry comes from rumors that the export tax rebate quota is down.

In 2010, the total export volume of textiles in China amounted to US $77 billion 51 million, and the export tax rebate was about 78 billion 500 million yuan, fluctuating by one percentage point, which was related to the textile industry's profit of about 5 billion 200 million yuan.

Ouyang Meiqin, foreign trade manager of Zhejiang Xin Shi Garments Co., Ltd. pointed out that once the export rebate rate is reduced by 5 percentage points, the loss of clothing orders in China will inevitably increase, and the space for raising prices will be even more limited.

Gao said that if rumors become true, domestic textile and garment export enterprises will collapse a large number of the six major export provinces, and the foreign trade situation is not optimistic. About half of the enterprises in these areas are in decline in profits and large losses. Export tax rebates play an important role in China's import and export trade.

Take the textile and garment industry as an example, Dr. Mei Xinyu of the international trade and Economic Cooperation Research Institute of the Ministry of Commerce introduced to this newspaper that between August 2008 and April 2009, the cost of the international market was sharply reduced, and the cost of the enterprises increased due to the introduction of the new labor law and the increase in raw material prices. The country raised the export rebate rate 4 times after the first time, making it gradually increased from 11% to 16%.

In January 2011, as the international oil price rose, the export tax rebate rate of the upstream chemical fiber industry also increased by 2 percentage points again.