Textile industry profits to slow

Trade

Saturday, August 30, 2008 05:55:24

	Textile industry profits to slow By STAFF EDITOR Published: August 01, 2007 06:47 PM The China National Textile and Apparel Council predicted the textile and apparel industry’s profits would grow just 35% this year to US$14.88 billion (RMB112.5 billion) because of the strength of the yuan and the 2% cut in value-added export tax rebates to 11% from July 1, the Shanghai Securities News reported. Profits for the ... You are currently reading 54 words of 166 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: export , tax , EA , export tax	More Articles in Trade > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > China overtakes US as Japan’s largest export destination Steel export tax rebates for the chop after export rebound Textile and shoe exports slow No further cuts likely for textile export rebates International organizations eye China procurement Middle East conglomerate eyes China ops Guangdong shoemaking industry at crossroads

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