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China from July 1, 2007, the cancellation, reduced the export rebate rate of some commodities. The export tax rebate rate adjustment involving a total of 2831 products. Which occupy the majority of light industrial products. 1. Furniture industry: 2% of the tax out of a large number of companies Present, China furniture industry average profit margin of 5% to 8%, in December 2006, the export tax rebate rate from 13% to 11%, the number of less competitive enterprises began to be eliminated. Our leader within the furniture industry - the Federal furniture in the export tax rebate policy adjustment, the production and management more difficult. As the export tax rebate cut by 2%, the cost will go up 2%. The profit margins of Chinese furniture exports often 1% to 2%, the profit is very low. In fact, many furniture manufacturers in China will export tax rebate as part of their main profit. At present, although the large amount of Chinese furniture exports, but the production of larger furniture industry more competitive. Is difficult to raise product prices, labor, raw materials, exchange rates, export tax rebates, all additional costs have to rely on internal digestion. Which will speed up the furniture business survival of the fittest, so that our country is the furniture industry's concentration has improved significantly. Large profit margins of domestic furniture manufacturers, suffered little effect on the export tax rebate cut, while the profit margins of small furniture manufacturers were affected relatively more. However, in the present circumstances, not good in large enterprises, small businesses do not necessarily do not survive. Largely depend on the company's comprehensive strength. 2. Ceramic Industry: Industry urgent upgrade Ceramic is again placed in the scope of the export tax rebate cut. 7 months ago, ceramic products, the original tax rate of just 13% to 8%, and in the adjustment, the ceramic has lowered export tax rebate rate to 5%. Less than a year's time, tax rates have less than 39% of the original. Continued appreciation of RMB and the export tax rebate rate cut has severely affected the profits of China's ceramic manufacturing enterprises. In 2006, domestic ceramics business as a tax rebate rate of RMB appreciation and the reduction leads to reduction of 30 million yuan of profits. To China's ceramic exports are obviously affected by slowdown. Shantou Customs statistics show that from 1 April 2007, Guangdong exported 860 million U.S. dollars ceramics, only the same period in 2006 increased 8.3%. Which, in addition to tile 36.1% export growth, the domestic ceramics and decorative ceramics exports dropped 8.7% and 22.4%. However, the export tax rebate rate cut vision of the whole ceramic industry is not much impact because the higher dependence on exports of ceramics production enterprises, accounting for only 12% of all industries. Domestic ceramic production enterprise on the 1st person in charge, the export tax rebate cut, but many live by feeding on the difference, eat tax rebates to win low-profit or foreign trade companies, small and medium enterprises there is a big blow. The long run, China's ceramic manufacturing enterprises in the industrial structure adjustment will be a fundamental positive; short term, the export tax rebate rate of cancellation and reduction, will be ceramic exports and increase domestic supply of the product prices and profit margins, will have some negative impact. 3. Small household appliances: price increase is the only way out In fact, the entire appliance industry, the export tax rebate adjustment has been painful in three years. January 1, 2004, the State Council, part of the export rebate rate of home appliances from 17% to 13%. Electric Company in Zhongshan Dong Ling powerful person in charge of overseas marketing center in 2004, before the export tax rebate adjustment, small appliances, there are 10 points of profit, after the export tax rebate rate down, there are eight points of the profits. But now in addition to reduced export tax rebates, the I am an expert from coredrillingrig.com, while we provides the quality product, such as coring rigs Manufacturer , oilfield equipment, coring rigs,and more.
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