Next year, export tax rebates will down, ceramic enterprises will face small profit difficulties(6/16/2010)
Although the Canton Fair, the ceramic sanitary ware pottery export enterprises are given an exciting report, but the export of ceramic and sanitary situation is not be happy.
Ministry of Commerce, responsible person in an interview said: "We are trying to keep the policy during financial crisis. Including the export tax rebate policy and some financial policies such as export credit, financing and loans, etc . "However, if continuate the current export tax rebate rate, the central and local financial departments have the pressure, especially those exporting province. " Ministry of Finance show that the tax rebate rate could be completed this year, but next year will considerate it again."
Once the export tax rebate cut exports will face a great impact on the industry, from January to May this year, the sales situation, increase in volume and the rate of reduction is the main reason to stimulate exports, but the reasons behind the low prices that the Chinese government introduced the export tax rebate policy. Insiders said that many companies export products are small profits, if the export tax rebate rate cut soon, many enterprises may face unprofitable situation. From the perspective of the survival of enterprises, export tax rebates can reduce or increase business investment in foreign market operations.(by China Leiyuan, 6/16/2010)
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