Shenzhen Textile & Apperal Business to Reshuffle
Source: cntex Date: 2008-11-03
Referring to the new export tax rebate policy for textile and apparel products, the journalist visits some compnaies in Shenzhen to get their idea about this policy. Although most people agree it is a good news for them, some point out that the recession of textile and apparel export also connect to quick extension of the production, out-of-order competition, RMB appreciation and cost rise of raw materials.
The large companies with high added value products mentioned they could get through this crisis, especially with the new favorable export tax rebate policy. While SME had hard days since their survival depend on several clients. Once the clients have problems, the SME has to close.
Crisis in Chinese means not only challenge, but also opportunity. This business is under a reshuffle. As soon as the companies get through the crisis, they will become stronger and the whole textile and apparel industry will step into a new stage.
