What Is The Policy Environment Of The Textile Industry In 2008 And How To Deal With It?

From the perspective of enterprises, the biggest factor affecting exports is the appreciation of the renminbi. Because the speed of appreciation is accelerating, many export enterprises that are originally not profitable will encounter some obstacles and troubles.

Because of the greater pressure of appreciation, we hope that this year's policy will remain stable in terms of export rebate rate and processing trade.

In addition, energy conservation and emission reduction is the strategic deployment of the country. The textile industry is duty bound, but objectively it will increase the cost of enterprises and bring about some structural adjustment.

Another prominent contradiction is the rise of labor costs, including the implementation of the new labor contract law, the changes in the relationship between supply and demand of labor, and the social responsibility of enterprises.

Part of the reason why companies feel more difficult this year is the overly centralized policy cost, coupled with the increase of factor costs. If the enterprises' affordability is not enough, they will surely encounter difficulties.

But we should also see that although all aspects of pressure are great, it will also urge textile enterprises to speed up their own escalation adjustment and embark on the road to enhance their adaptability through technology and brand.

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