China’s textile and garment industry is getting a helping hand from the government in the form of higher export rebates. To help the industry get through the tough economic times, the tax rebates are being raised by another percentage point, the fourth increase since last August. The new rate of 16 percent went into effect on April 1. It applies to fabrics and garments of silk, wool, cotton and man-made fibers, knitted as well as non-knitted. China’s exports of textiles and garments fell by 32.9 percent in February compared with January as demand weakened. Prices and profits have fallen as well.
