» The Chinese government announced on February 4 that it will increase the tax rebate for textile and garment exports from 14 percent to 15 percent in effort to boost the ailing textile industry.

» This is the third tax rebate rate increase in the past six months.

» Some industry experts, however, say that the favorable tax policies have limited impact, as the core issues in China's textile industry are overcapacity and products low in the value chain.