Policy Environment Conducive To Restoring Confidence In Textile Industry

Reporters learned from the China Textile Industry Association that China's textile industry has experienced downward trend and faced numerous difficulties since two, 00 and eight years ago.

According to the introduction, the textile industry is a traditional pillar and important livelihood industry of China, and also an industry with international competitive advantages.

In the past thirty years since reform and opening up, especially in twenty-first Century, under the background of globalization and technological progress, China's textile industry has been developing continuously and rapidly.

Industrial restructuring has made significant progress.

Since the two, 00 and seven years, China's textile industry has undergone a series of changes in its external economy and policies. RMB appreciation, export tax rebate reduction, tighter monetary tightening, and rising value of production factors, especially the subprime mortgage crisis in the United States, and the international financial crisis that broke out in two 00 eight September, made the situation of China's textile industry obviously decline.

Two the situation of China's textile economic operation in the 00 00 eight years is very severe. It is manifested in the following aspects: the pace of production has obviously slowed down, two 00 eight years ago, the total industrial output value of textile enterprises above Designated Size reached 14% year-on-year, and the growth rate dropped by eight point two percentage points over the same period last year. The main products, chemical fiber, gauze and clothing output, all increased by one digit.

Over the same period, fixed assets investment increased by more than five million yuan over the whole industry, and the growth rate of fixed assets increased by eight point seven five percent over the same period last year. The growth rate dropped twenty-two point two percentage points over the same period last year.

In addition, the overall shrinkage of exports occurred. In the first half of November, the total export of textiles and clothing was one hundred and seventy-three billion and two hundred million US dollars, a year-on-year growth of seven point eight percent and twelve point three percentage points lower than the same period last year.

Last year, China's textile industry had a negative growth in efficiency, and production and sales growth has been completely reduced. Meanwhile, the industry's profits have declined sharply.

Before November, the total profit growth rate of textile industry above scale appeared negative.

The industry deficit expanded from 17% last year to more than 20% last year.

Because of the decline in efficiency and the difficulty in running enterprises, the number of textile enterprises above designated size has experienced a negative growth for the first time.

The head of China Textile Industry Association said that the domestic economic environment facing China's textile industry this year, especially the policy environment, is better than last year.

The government has put forward a series of timely and flexible decisions to deal with the economic environment at home and abroad.

Two China's economic fundamentals remain healthy in the 00 and eight years, which will play a positive role in the textile industry's confidence in the resumption of development this year.