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Textile and clothing industries are not in adjustm

source: china textile 2010-06-11  

Chinese government is going to lower rebate rate of export tax on "two high and one resource " products, namely high-energy consumption, high pollution and resource products, aiming to limit exports of these products. An official responsible for relevant business division under the Ministry of Finance confirmed the possibility of introduction of this initiative on June 7.

The cut of rebate rate of export tax does not mean that China will tighten foreign trade policy; it is to support the suppression policy of national excess capacity. Therefore, textile and clothing industries are not in the list of adjustments.