摘要
The current tax rebate of 11 percent on exports by textile enterprises will not be cut, according to Du Yuzhou, president of the China National Textile and Apparel Council. Textile exporters have been having a tough time in 2008 dealing with the fallout from sharp reductions to the tax rebate introduced last year, The cuts, coupled with the RMB＇s rising value, increasing domestic labor costs, and a world economic slowdown, mean some small operations are facing bankruptcy. ＂The bad situation is forcing companies to turn to the domestic market,＂ said Du, ＂but against the backdrop of a soaring Consumer Price Index （CPI）, the price index for textiles has slid by 1.4 percent.＂
