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Article: Export rebate change helps textile players.(Policy, Economy & Finance)

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China Chemical Reporter
Article date:
August 26, 2008
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China raises export rebates for textiles and clothes and eliminates export rebates for products with high energy consumption, high pollution and resource nature, effective August 1st, 2008. (CCR2008 No. 23)

Jiangsu Sunshine Group Co., Ltd. (SH: 600220), a leading textile and clothe producer in China, announced on August 5th that the increase of export rebates for textiles and clothes will add the afore-tax profit of around RMB6.0 million for the company in the second half of 2008, if the exports for H2 are equal to that in H1.

Nanjing Textile Imp/Exp Corp. Ltd. (SH: 600250) reports the increase of export rebates for textiles and clothes will ease pressure ...

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