Pre-tax profit increased 4% in construction ceramics export earnings(3/20/2010)

Recently, the State Ministry of Finance issued a circular, clear from this June 1, the re-raise some of the products of export tax rebate rate. For the Foshan enterprises, the rate of increase has considerable bearing on the building ceramics industry, while textiles, toys, shoes and other industries, still waiting for warmer external environment.

The export tax rebate rate increase, involving a total of more than 2600 products. Including traditional manufacturing industries in Foshan ceramics, toys, footwear, furniture, all in which each raised to 13%, 15%, 15%, 15%, textile and garment export tax rebate will remain unchanged.

The export tax rebate rate of increase, the biggest beneficiaries will be the building ceramics enterprises. Foshan, China Ceramic Industry Association, Director of the Office Lan Weibing introduced from last year's financial crisis, the countries on many occasions raised the export tax rebate some industries to slow the export business pressure, but did not apply for building ceramics has been successful. Until April of this year, building ceramics export tax rebate was raised four points to 9%, this will be raised ceramics 13% export tax rebate, equivalent to 4% increase in export profits will greatly stimulate the export of building ceramics.

Noted that the tax rebate rate increase was not related to textile and apparel products. In this regard, Foshan City, the Secretary-General Wu Haoliang Textile Industry Association said that the current textile and garment export tax rebate rate from the 'whole levy to step down' leaving only one point lifted, little impact on enterprises.

Wu Haoliang also pointed out that the domestic textile enterprises are facing real difficulties decline in external demand, orders are now poor, the financial impact of the crisis is increasingly apparent. 'Similarly, while footwear and toy industries have raised the export tax rebate of 15%, but many businesses that raised export tax rebates on exports have a positive effect though, but now companies are more concerned with when the rebound in external demand.(by China Leiyuan, 3/20/2010)