CHINA’S ECO-TAX HAS BOOSTED COSTS, BUT MOST TEXTILE MANUFACTURERS HAVE STAYED IN BUSINESS, SAY EXPERTS
March 1st, 2019
THE INTRODUCTION of a new environmental protection tax in China last (WHAT MONTH?) (2018) has pushed up the price of textiles manufactured in this country, increasing costs for Chinese clothing manufacturers, experts have told just-style. However, concerns that the new technological investments needed to reduce manufacturers’ liability under the law would cause wholesale closures of units have not come to pass.
The new tax is based on the actual amount of discharge of pollutants into water, air, as solids, and as noise. The old fee system simply had the same ...
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