| cl | | | | increase in pre-tax profit rose to 19.2 billion yuan. |
| Recently, Chinaâs Ministry of Finance and | | | | Himfr.com, the leading third generation online |
| the National Tax Administration announced an | | | | business-to-business (B2B) platform, believes that |
| increase in the textile, clothing export tax refund | | | | the real situation facing enterprises is not so |
| rate from 11 percent to 13 percent. The export | | | | optimistic, as historical experiences from the past |
| tax refund rate of certain bamboo products will | | | | few years suggest changes of the export tax |
| remain at 11 percent; with the new tax refund | | | | refund rate is not entirely born by the exporters. |
| rates being implemented from August 1, 2008. | | | | Due to the increasing export tax refund rate, |
| In accordance with the export tax refund policy, | | | | foreign investors will inevitably reduce product |
| non-tax-rebate part will be directly included in the | | | | pricing. estimates that 50% of the change in the |
| cost of production. Theoretically speaking, the | | | | tax refund rate can pass on price adjustments. |
| profit increasing rate will be up with the increasing | | | | The export Tax refund rate increased 2%; the |
| rate of the export tax refund. Based on 2007 | | | | pre-tax profits of textile can relatively increase |
| data, the export tax refund rate increased 2%, | | | | 10.8%. |
| and in 2007 the textile and apparel industry-wide | | | | |