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The Adjustment of Import Duty and the Comprehensive Development Strategies of China’s Air-jet Looms

2021年9月23日

Abstract: In order to promote the competitiveness of the air-jet loom industry, China has canceled the lower provisional import tax rates of air-jet looms from the beginning of 2021, which will affect China’s air-jet looms and related industrial chain. The external environment has been complex and changeable due to repeated pandemics, trade friction, foreign exchange rate fluctuations and the coming RCEP. Therefore, China’s airjet loom industry should focus on high-quality development and take comprehensive strategies to improve resilience by strengthening the R&D innovation, preventing the foreign exchange risks, and promoting diversified exports.


Key words: air-jet loom; provisional tax rates; effects; comprehensive development strategies



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