Reporting by Zhou Xin and Alan Wheatley
via Reuters
China is cutting customs inspection fees on textile exports this year in a move to help the sector, which is a big provider of jobs, the Ministry of Finance said recently.
Fees on textiles exported between Jan. 1 and Dec. 31, 2009, will be cut by 30%. The usual charge is 0.15% of the declared value of the shipment.
China’s exports of garments in April were down 11.2% from a year earlier at $7.37 billion, while exports of cloth and woven products fell 14.4% to $5.12 billion, according to customs figures.
China has also increased rebates of value added tax to aid textile exporters. The industry employs an estimated 19 million people.
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