China And India, The World’s Textile Exports Increased Dominance Running
When China by reducing Clothing Textile Export tax rebate rate in order to stabilize the huge trade surplus figures, the Indian government has raised its export tax rebate related products.
Perhaps the real threat to China’s textile industry does not come from Anti-dumping Brought down profit margins, but are rivals. India Textile Alternative products in China Textile International status of the trend is gradually revealed.
As the most competitive in the international market, India, textile export competition is clearly not in India, “Long as the dispute” in a case of. The latter is by Software , Pharmacy And Telecommunications And other industries and the competitive thinning.
Indian textiles were China’s potential for alternative
Yesterday from Business Department learned that recently, the world’s second largest textile and apparel producers in India issued a series of measures to encourage exports. Including the domestic textile and garment export tax rebate rate increase of 3% of the implementation of preferential policies, the new export tax rebate rate is 10%. The new policy, coupled with 15 days ago, China lowered the export tax rebate on clothing policy began, the Chinese textile products competitive in the international market even worse.
National Development and Reform Commission yesterday released “in the second half of 2007 the export situation of textile industry analysis and forecasting,” pointed out: Since September 15, 2006, the China’s textile export tax rebate rate from 13% to 11% or 5% June 18, 2007 has announced reduction in clothing and viscose Fiber The export tax rebate rate. According to Textile Industry Association estimated that this year, due to reduced export tax rebate rate by 2 percentage points, the apparel industry loss of 4.8 billion profit, profit margins will fall 0.26 percentage points.
After the introduction of the new policy, the international textile export in the presence of variable forthcoming, the Chinese Ministry of Commerce Institute of World Economic and Trade Research Department Director Liang Yanfen that India will put pressure on China’s textile exports, the former textile has replaced the Chinese market reveals potential.
“Although the Indian textile export tax rebate rate of only 3% adjustment, the adjustment is not, but China still has an impact.” Liang Yanfen introduced in India as the world’s second largest textile and apparel producers, their advantage is cheap labor , diversification of raw materials, traditional design techniques and a large domestic market. India’s textile export tax rebate policy adjustment will affect a considerable part of China’s textile exports of small and medium enterprises, “because first of these enterprises against the risk of poor market, the other hand, exports of SMEs with a serious tendency to homogeneity face more competitive market. ” Some experts predict that the real threat of Chinese textiles may not be brought from the anti-dumping margins, but are rivals.
A clothing industry experts said, most of them garment export profits from the export tax rebate. Ability to resist risk factors and poor birth into a profitable or losing money will enable them to situation.
China depends on international Quota It is understood that the Government of India introduced the new export policy aims to reduce the export business due to rupee appreciation against the dollar, loss of profits. Under the new policy, in addition to the domestic textile and garment export tax rebate rate increase of 3% of the implementation of preferential policies, the Indian government also Leather Products, hand- Crafts To provide preferential loans and other exporters.
“Indian textiles Raw materials And personnel costs have been formed in China in international market competition, combined with preferential policies, China will inevitably have an impact. “Liang Yanfen introduced. Of China and India belong to textile and garment industry’s traditional powers, between the two countries have similar resources. Therefore, the Indian textile and garment industry in China is considered the most powerful competitors.
Data show that between 2000 and 2006, China’s textile and apparel exports from the 48 billion U.S. dollars to 119.8 billion U.S. dollars, an increase of 149%; the same time, India’s textile and apparel exports from the 9.8 billion U.S. dollars to 16 billion U.S. dollars, an increase of 63%. But after 2006, due to anti-dumping and European textile and garment export restrictions to China, resulting in some order flow to India, so India’s exports in 2006 increased by 18%, very close to China. Time, some experts predict that the next few years is likely to exceed China’s textile exports of India.
“Introduction of the new policy, China will have much impact, depending on the international quotas for Chinese textiles. If the quota relaxation effect will be relatively reduced.” Liang Yanfen their analysis.
Relax the quota barriers still
However, the first president of the textile net, Fan Min, chief analyst seems relaxed China’s exports of textiles and clothing import quotas, as there is an inevitable drawbacks.
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