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July is coming. Rumor is going around. What happened? It is known to us that early July is always the preferred date for the Chinese government to change the export rebates. Recently, the rumor on lowering the export rebate rate of textile and apparel products has been rising one after another, saying that during the mid-time of this year, the export rebate rate of textiles will be cut down five percentage points to 11% from the current 16%, which has caused panic among some textile and garment enterprises.
It is known to us that early July is always the preferred date for the Chinese government to change the export rebates. Recently, the rumor on going the export rebate rate of textile and apparel products has been rising one after another, saying that during the mid-time of this year, the export rebate rate of textiles will be cut down five percentage points to 11% from the current 16%, saying has already panic among some textile and garment enterprises .