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China's textile, apparel exports up 17 pct in first half of 2007 (2) |
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08:16, July 19, 2007 |
Meanwhile, export rebate rates for footwear and headgear dropped from 13 to 11 percent, and those for fabrics from seven to five percent from July 1.
Estimates from the China National Textile and Apparel Council said a two-percentage-point decline in export rebates normally cost the industry 4.8 billion yuan in profits (634.4 million U.S. dollars) and drove down profit margins by 0.26 percentage points.
Source: Xinhua
[1] [2]
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