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China Daily | Updated: 2008-08-04 07:19

After a subtle shift in policy focus from inflation to growth, the government raised the tax rebate on a range of textiles and garments from 11 percent to 13 percent on August 1.

Such a move will give a break to ailing clothing exporters, but it does not justify a slower pace in industrial restructuring. Chinese textile enterprises should make good use of this temporary measure to speed up their climb along the industrial value chain.

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In order to slow its ballooning trade surplus growth and discourage export of energy-intensive, highly-polluting products or resource products, the country had reduced the rebate rates of the value-added tax for more than 2,800 items of products last year, including hundreds of textiles and garments.

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