In October, usher in four major positive effects. What will happen next in the textile industry "sil

The whole market of Jinjiu is in a tepid state. The market shows a strong sense of expectation and is not active in the purchase of raw materials. The chemical fibre market is so tragic that it not only experienced a sharp decline after the upstream chemical fibre raw material market soared, but also faced with the suppression of the terminal textile and apparel export market by “ Sino-US trade war &rdquo.
At this point, after entering October, but ushered in 4 heavy profits! Will these 4 positive news give a strong dose to the textile industry's silver ten?
1. The central bank lowered the allowance to release over trillions of funds, and the real economy was supported again on the last day of National Day on October 7. At noon, the Central Bank of China announced that it would reduce the deposit reserve ratio of some financial institutions by 1 percentage point from October 15 to replace the medium-term lending facility (MLF) that matured on that day.
Starting from October 15, 2018, the reserve ratio of RMB deposits of large commercial banks, joint-stock commercial banks, urban commercial banks, non-county rural commercial banks and foreign banks will be reduced by 1 percentage point, and the MLF due on that day will not be renewed.
In addition to this part, RR can release additional funds of about 750 billion yuan. It can increase the sources of funds for financial institutions to support small and micro enterprises, private enterprises and innovative enterprises, promote economic innovation vitality and resilience, enhance endogenous economic growth momentum, and promote the healthy development of the real economy.
With the focus of the central bank, government funds and the government turning to tens of millions of small and micro enterprises, especially accelerating & ldquo; Debt-to-Equity Swap & rdquo; the tight cash flow pressure of textile enterprises is expected to be effectively alleviated.
Secondly, textile traders and weaving enterprises'funds are supplemented, which is conducive to the stability of the textile market and the long-term development of the market. Textile enterprises properly increase the storage of polyester filaments and other materials to avoid the risk of huge fluctuations such as PTA futures; < br style= "font: 100 14px/30 PX simsun; text-align: left; color: RGB (51, 51, text-transform: none); Text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjustment: none; font-stretch: normal; webkit-text-stroke-width: 0px; "/>
In addition, the first trading day after the end of the National Day holidays, the onshore price of the RMB against the US dollar dropped more than 400 points, setting a new high on August 25, 2018, less than 100 points from the new low of 16.9331 on August 15.
A slight fall in the RMB exchange rate caused by the central bank's reduction will contribute to the development of foreign trade in textiles.

2. Increase export rebate rate twice in the year, textile foreign trade enterprises will meet and reduce the burden of red envelope < br style= "font: 100 14px/30 PX simsun; text-align: left; color: RGB (51, 51); text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjustment-fon: none; T-stretch: normal; -webkit-text-stroke-width: 0px; / >
At the executive meeting of the State Council on October 8, measures to improve the export tax rebate policy and speed up the progress of tax rebate were determined. This measure lightens the burden of enterprises and helps to maintain stable growth of China's foreign trade.

The meeting decided to raise the current export rebate rate of 15% and 13% to 16%, 9% to 10%, some to 13%, 5% to 6%, and some to 10% from 1 November 2018. Export rebate rates for high energy consumption, high pollution, resource-based products and products facing the task of capacity removal remain unchanged.
At the same time, we will further simplify the tax system, reduce the tax rebate rate from the original seven to five, accelerate the progress of tax rebate, and shorten the average time for tax rebate from the current 13 working days to 10 working days by the end of this year.
It is worth noting that this is the second time in November that the export tax rebate rate has been raised. Since September 15 this year, China has raised the export rebate rate of 397 items of products, such as electromechanical, cultural and other products, including multi-component integrated circuits, non-electromagnetic interference filters, books, newspapers and other products, to 16%.

On the one hand, the increase of export tax rebate can increase the profits of enterprises and reduce their burdens; < br style= "font: 100 14px/30 PX simsun; text-align: left; color: RGB (51, 51); text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adj; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: adj; Ust: none; font-stretch: normal; -webkit-text-stroke-width: 0px; / >
On the other hand, the average time of export tax rebate is shortened from 13 working days to 10 working days, which will also help enterprises to have sufficient cash flow and ease the pressure of capital turnover.

3. The Ministry of Environmental Protection has officially issued a document to slow down the anti-pollution regulations. The one-size-fits-all shutdown will reduce
At present, the new tariff imposed by the United States on $200 billion of Chinese imports has reached 10%, and may rise to 25% on January 1. China's economy is beginning to feel pressure.
As businesses prepare to respond to US tariffs, China's manufacturing growth is weakening. China's latest official Manufacturing Purchasing Managers Index (PMI) fell from 51.3 in August to 50.8 in September, its lowest level in eight months. Meanwhile, Caixin Manufacturing Purchasing Managers Index (PMI) fell to 50.0, dangerously close to the contraction index (below 50).
Manufacturers of finished goods exported to the United States by China have suffered a particularly severe blow, reducing their purchases of raw materials.
For example, the United States imposed tariffs on products containing polyvinyl chloride (PVC) and demand declined, resulting in a 9% drop in domestic prices in China in the week to the 9-month low at the end of September.

As China's economy slows, Chinese leaders relax environmental regulations to stimulate economic growth. China's official news agency Xinhua reported on September 27 that Beijing, Tianjin, Hebei and surrounding areas will implement the target of reducing the average intensity and number of days of PM2.5 by 3% year-on-year. The target will be implemented from October 2018 to March 2019 and will have an impact on the entity manufacturing industry.
According to the newspaper, this is lower than the 5% reduction proposed in the preliminary plan reported by the South China Morning Post in August, and much lower than the target of the reduction of at least 15% in last year's plan. At the same time, it is far lower than the similar goals put forward by the Chinese State Council in March 2018. At that time, the overall average PM2.5 concentration in key areas in 2018 decreased by 30%.
For chemical companies, this may mean that older, smaller, more polluted plants will be targeted, while new ones will not be affected.
Due to the loosening of the new rules, the closure of plastic processors may be reduced. In recent months, the closure of factories has been a factor of price constraint.
Nevertheless, it is expected that any benefit from the increase in polymer consumption will be very limited, as offsetting the gains will have a negative impact on the imposition of import tariffs on Chinese plastic products by the United States. 4. Since November, China has reduced the most-favored-nation tax rate on some commodities, and imported textile machinery has become cheaper < br style= "font: 100 14px/30 PX simsun; text-align: left; color: RGB (51, 51); text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjustment: n: none; text-transform: 0 px; text-indent: 0 px; letter-spacing: normal; word-spacing: 0px; white-space: One; font-stretch: normal; -webkit-text-stroke-width: 0px; / >
In order to implement the decision-making plan of the CPC Central Committee and the State Council, China has implemented zero tariffs on most imported drugs since May 1, lowered import tariffs on automobiles, spare parts and some consumer goods since July 1, and implemented the third step of tax reduction for products expanded by information technology agreement.
This tax reduction mainly involves textiles; stone, ceramics, glass products; some steel and base metal products; mechanical and electrical equipment and components, such as metal processing machinery, textile machinery, construction machinery, power transmission and transformation equipment, electrical equipment, instrumentation and so on; resource commodities and primary processed products, such as non-metallic minerals, inorganic. Learning products, wood and paper products, gem and jade. There are 1585 tax items for Tax-reducing commodities, accounting for 19% of the total tax items in China. The average tax rate dropped from 10.5% to 7.8%, with an average decrease of 26%. At the same time, with the reduction of the total tariff level, especially the import tariff of medicines and consumer goods, the tariff rate of imported goods (commonly known as the line postage tax) will be lowered accordingly.

As we all know, with the deepening of environmental protection policy, in some traditional textile clusters, the number of looms has been strictly controlled. How to make a machine produce more profits has become a very concerned issue for weaving owners.

Influenced by loom index and technological upgrading, more and more weaving enterprises begin to purchase imported looms. The reduction of import tax rate of textile machinery will directly reduce the operating costs of enterprises.

Postscript: Whether it is lowering the standard, increasing the export tax rebate or lowering the most-favored-nation tax rate on goods, the benefits to textile enterprises are directly visible. I believe that with the help of so many good policies, textile people will be able to get out of the trough and build up a new level.