News events of textile and garment industry at home and abroad

At 9 am on Marc5, the opening meeting of the second session of the 13th National People’s Congress was held in the Great Hall of the people. Premier Li Keqiang, on behalf of the State Council, delivered a report on the work of the government to the second session of the 13th National People’s Congress. 1n this year’s government work report, tax reduction and fee reduction is the most applauded part. 1n 2019, the tax rate of the manufacturing industry will be reduced from 16% to 13%. This big tax reduction is a substantial transfer of profits to the real economy, which will enable more enterprises to embark on the battle with light weight. For the textile and garment industry, what good news does the report bring? Let’s review the hot spots of last week

1! 1n 2019, the tax rate of the manufacturing industry will be reduced from 16% to 13%

on Marc5, Premier Li Keqiang said in his government work report at the national two sessions that a larger scale of tax reduction will be implemented in 2019, including inclusive tax reduction and structural tax reduction, focusing on reducing the tax burden of the manufacturing industry and small and micro enterprises. 1n terms of tax reduction and fee reduction, we will further deepen the reform of value-added tax, reduce the current 16% tax rate of manufacturing and other industries to 13%, and the current 10% tax rate of transportation and construction to 9%, so as to ensure that the tax burden of major industries will be significantly reduced and the tax rate of 6% will remain unchanged. However, we will take supporting measures such as increasing tax deduction for production and living services, To ensure that the tax burden of all industries will only be reduced but not increased, we will continue to push forward three tax rates and two tax rates, and pay close attention to the implementation of the inclusive tax reduction policy for small and micro enterprises introduced at the beginning of the year< 1nterpretation of the government work report in 2019 the textile and garment industry ushered in these favorable conditions representatives and members of the textile industry listened to the government work report carefully to capture every guideline and policy closely related to the development of the industry. After the meeting, we had a warm exchange on a series of policies proposed in the report to support the development of the real economy< 3. How to grasp the new growth point of "industrial 1nternet" in textile industry during this year’s two sessions, Ma Huateng, deputy to the National People’s Congress, chairman and CEO of Tencent, brought a proposal on “accelerating the development of industrial 1nternet and promoting the high-quality development of real economy”. He believed that, standing on the tuyere of digital transformation, the development of industrial 1nternet still needs multi-party assistance, 1n his suggestions, he put forward a number of suggestions, such as promoting the construction of information infrastructure, promoting the innovation and development of cloud computing, and promoting the breakthrough of key core technologies< 4. The upgrading protocol of China Chile free trade agreement came into effect in March; Free trade agreements And & lt; Supplementary agreement on trade in services of free trade agreement On March 1, the protocol came into effect this is the second FTA upgrading agreement implemented by China after the upgrading of China ASEAN FTA, and also the first FTA upgrading agreement signed by China and Latin American countries The protocol will further explore the potential of bilateral economic and trade cooperation, enhance the level of trade liberalization and facilitation between the two countries, and enrich the comprehensive strategic partnership between the two countries, which is of great significance to further deepen the economic and trade cooperation between China and Latin American countries< 5. The revenue of 21 A-share clothing companies in 2018 exceeded 69.5 billion yuan the performance disclosure of Shanghai and Shenzhen stock markets in 2018 entered an intensive period. As of March 6, 2018, 21 clothing listed companies have disclosed their performance in 2018. According to statistics, the total operating revenue of 21 clothing listed companies in 2018 was 69.537 billion yuan, compared with 60.872 billion yuan in the same period of last year, The total net profit attributable to the parent company was 3.846 billion yuan, which was 3.115 billion yuan in the same period of last year. By the end of the reporting period, the total assets of 21 listed clothing companies were 86.679 billion yuan, which was 81.301 billion yuan in the same period of last year< The 29th East China 1mport and Export Fair, held from March 1 t4, is known as the "first exhibition of the new year" in China's foreign trade field. Visiting the exhibition, we can find that more and more Chinese foreign trade enterprises are actively embracing the new trend of green environmental protection, mastering core technology, and "going out to sea" to embrace emerging markets 7. 1n March 2019, the Cotton Association issued the “domestic cotton quality price difference table” according to the “China Cotton Association domestic cotton quality price difference table management measures”, the “sawtooth processing fine pile cotton quality price difference table”, “roller processing fine pile cotton quality price difference table” and “long staple cotton quality price difference table” (unit: yuan / ton) in March 2019 are officially released 8. Textile industry representative committee members “return to their mother’s home”: build up confidence to achieve high-quality development on Marc4, under the warm sunshine of spring, the 2019 forum of textile industry representatives of the two sessions was held in China Textile 1ndustry Federation. 1n the current critical period of the development and transformation of the textile industry, more than a dozen representatives and members of the national two sessions of the textile industry and “Niang family” share the past and show the future, discuss and exchange the development trend and current hot issues of the industry, and offer suggestions for the development of the industry< 1s it reliable for Chinese textile enterprises to invest in Pakistan? Listen to the experts recently, China and Pakistan agreed to designate 2019 as the “year of industrial cooperation between Pakistan and China”, and signed a memorandum of understanding on industrial cooperation, which provides a framework for promoting the development of key industries such as textiles in Pakistan. 1t is reported that Pakistan will continue to facilitate the promotion of Chinese textile enterprises’ projects in the China Pakistan Economic Corridor, and hopes to produce a “pull effect” from this

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