Private Enterprises in Crisis Chengdu: Shoemaking Industry’s “Great Transfer to the West”
While exporting to domestic sales, more and more companies have moved their factories to the central and western regions where cost advantages are obvious. Let’s take a look at the survey of Chengdu’s shoemakin…
Private Enterprises in Crisis Jiangsu: Clothing Industry “Turns Exports into Domestic Sales”
Mainland enterprises are having a hard time under the financial turmoil. As export pressure continues to increase, many original foreign trade processing companies have begun to turn their attention to the dome…
The Ministry of Commerce proposes to increase the export tax rebate rate for various commodities, including textiles and clothing.
Facing the overwhelming global financial tsunami, the Chinese government decided to swim a prudent and flexible “freestyle”. Increasing the export tax rebate rate to stimulate exports is an effort t…
Sri Lanka applies to EU to extend GSP benefits
According to the Minister of International Trade of Sri Lanka, Sri Lanka has formally applied to the EU to extend the Generalized System of Preferences (GSP+). Sri Lanka will not sacrifice national sovereignty,…
French clothing and apparel sales plummet
Data released by the French Fashion Institute show that in August 2008, French clothing and apparel sales fell 9.2% compared with the same period in 2007; in the first eight months of 2008, sales of clothing an…
Vietnam’s textile exports will reach 100 million U.S. dollars
According to Vietnam’s “Industry” magazine, Vietnam’s textile exports are expected to reach US$9.5 billion in 2008, a year-on-year increase of 21.8%. The United States remains Vietnam…
The financial crisis has had a major impact on Bangladesh’s textile industry
September has always been the golden season for textile sales in Bangladesh. However, due to the financial crisis caused by the U.S. subprime mortgage crisis, orders dropped significantly in September 2008. …
The quantity of shoes imported by Italy from China decreases and the unit price increases
According to the website of the Italian National Shoe Manufacturers Association, Italy imported a total of 180 million pairs of shoes from January to May 2008, a decrease of 6.6% from the same period in 2007; t…
French media: China’s textile exports decline
The French “Tribune” stated that China’s domestic consumption is continuing to develop and the government has restarted investment in infrastructure. However, China’s exports are slowing…
The increase in the export tax rebate rate was lower than expected, and textile companies all said that it “does not quench their thirst”
On October 21, the Ministry of Finance and the State Administration of Taxation issued the “Notice on Increasing the Export Rebate Rate for Some Commodities”, clarifying that from November 1, some l…