Tax Cuts Are Especially Good. Jiangsu Textile Enterprises Have Benefited A Lot From Big Textile Provinces.

China International Clothing and Accessories Fair closed in Shanghai recently. Nearly 100 exhibitors of Jiangsu enterprises have displayed fashionable and new products, new textile and clothing industrial ecosystem built by new materials and new technologies are now in the rudiment, and the news of tax cut from the two sessions of the national conference has made the labor intensive textile enterprises particularly happy.

For the three day fair, the Jiangsu Pavilion, the largest textile Province, has become the weathervane of the pformation and upgrading of the industry.

What journalists feel most deeply is whether the "Internet +" has penetrated into the whole industrial chain from design, manufacture to marketing, whether it is yarn fabrics or clothing and textile machinery, and all enterprises are proud to shout loudly at home and abroad about new materials and new technological achievements.

Gong Gong, deputy director of the red bean men's wear Commodity Center, introduces a new smart wearable heating vest launched by red bean. It mainly adds graphene film on the back. There is a remote control switch in the front pocket, which controls 3 temperatures, from 40 degrees to 65 degrees. There is a connection between the conductor and the charging treasure. It can be heated up in about half a minute.

It is reported that graphene is harmless to human body in clothing. Red beans and CAS have developed wearable smart warming clothing for 3 years. In the future, people may not have to wear bloated cotton padded jacket in cold winter. So they are popular in the market. This year, graphene clothing will account for about 40% of red bean and autumn winter clothing. In the first two months of this year, sales of red beans have increased by 20%.

In the home textile exhibition area, Yueda home textile is publishing the 2019-2020 home textile trend to the world on behalf of China's home textile industry.

Wang Shengjie, chairman of Jiangsu Yueda Textile Group, said that we have done a lot in intelligent pformation, process level equipment and product development. This year, we can release the trend of drainage and have the conditions for high quality development.

The main business income of Jiangsu's textile and garment industry has broken through trillion yuan, accounting for nearly 20% of the total national total. Last year, with the severe international economic and trade situation and the rising of raw materials and manpower, the positive growth was achieved by relying on intelligent pformation, continuous innovation of products and business models.

From the two sessions, the news of reducing taxes and lowering taxes on textile and other manufacturing industries, such as a 3% decrease in value-added tax and a reduction in social security threshold, is a great benefit to the development of such labor-intensive and resource intensive enterprises such as textiles. Preliminary estimates of the value added tax of Jiangsu, the largest textile Province, will be directly reduced by several billion yuan.

Zhou Hongjiang, general manager of Jiangsu red bean industrial Limited by Share Ltd, said that we may have to save tens of millions of costs for us. We will spend tens of millions of dollars on product R & D innovation so as to make pformation and upgrading faster and more effective.