Chinese Clothing, Shoes And Other Exports Have Declined Significantly.
According to the analysis report released recently by the General Administration of customs, exports of clothing, toys and footwear continued to decline significantly in the first 2 months of this year. China's exports of textile and clothing (including textile yarn fabrics and products, clothing and accessories) fell by 14.5% compared to the same period last year. In February, exports of textiles and clothing decreased by 35.1% over the same period last month, a decrease of 56.2% compared with the same month, and the volume of exports hit a new low since February 2006.
The report pointed out that in order to boost the confidence of textile and garment enterprises, in February 4th this year, the State Council of China deliberated and passed the "textile industry adjustment and revitalization plan" in principle, and further raised the textile export tax rebate rate to 15%. However, the sharp decline in external demand has made textile and apparel exports difficult.
According to customs statistics, in the first 2 months of this year, China's exports of toys decreased by 17.1% compared to the same period last year. In February, it dropped by 21% in the same month.
The report pointed out that although China's export rebate rate for toys and other products was raised to 14% in November last year, toy exports continued to decline, mainly for three reasons. First, the global financial crisis continued to intensify and consumer demand for toys decreased. The two is the pressure of competition from neighboring countries. Three, international trade barriers are becoming more and more fierce and export resistance is increasing.
According to customs statistics, the export volume of Chinese shoes decreased by 9.7% over the first 2 months of this year. In 2008, the monthly export volume of Chinese shoes has been maintained at more than 500 million pairs. In the month of February this year, the export volume of shoes was only 410 million pairs, down 26.3% compared to the same period last year, down by 47.4%.
The report pointed out that China raised the export tax rebate rate of some footwear products to 13% in December 1st last year, which has a certain role in enhancing the international competitiveness of footwear products. But the external demand has shrunk sharply, weakening the effect of this policy.
At the same time, due to the weak ability of independent innovation of Chinese shoe making enterprises, low content and added value of products, and lack of internationally famous brands, the ability to resist international market risks is still weak.
Editor in chief: Xu Qiyun
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