Several French online media reported that the Chinese government decided to increase the export tax rebate rate again in order to help the struggling textile industry tide over the difficulties.
According to reports, in the context of the global financial and economic crisis, the growth rate of China’s textile exports has slowed down. Since the annual growth rate of textile exports in 2007 was 18.9%, the growth rate quickly fell back to 8.2% in 2008. To this end, in November 2008, the Chinese government increased the export tax rebate rate for some of its textile and apparel products from 13% to 14%. However, at the beginning of 2009, the Chinese government once again stepped up its efforts to encourage textile exports and decided to increase the export tax rebate rate for some textiles and clothing from 14% to 15%.
