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Special Funds Support &Nbsp; The Ministry Of Industry Accelerates The Upgrading Of Textile Industry.

2010/7/5 12:19:00 43

The Ministry of industry and information technology has made it clear on the 2 day that it will make use of financial and credit funds to support the merger and reorganization of Eastern Textile Enterprises with the Midwest and Northeast China.

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The industry will shift to high-end industries and accelerate the pace of industrial upgrading.

Ju Jinwen, a researcher at the Institute of economics of the Academy of Social Sciences, said in an interview with reporters that the government's support will help solve the current practical difficulties of textile enterprises.

Lack of strength in textile enterprises

China

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Industry Association Statistics Center said that this year, with rising costs and lower demand pressures, textile enterprises have shown signs of weakness in production.

The source said that the cost of raw materials in China's textile industry showed a rapid upward trend this year, due to the combined supply of raw materials such as cotton and other raw materials, the pursuit of some market funds and the rising cost of cotton planting.

At the same time, labor costs, fuel power costs, pportation costs continue to rise, the burden of business operations is even more heavy.

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While the pressure of rising costs is highlighted, the recovery of the external demand market is still difficult, and the growth of the domestic market has also slowed down.

Various factors compel enterprises to adjust their tempo.

"Stronger" is expected to emerge.

Drama Jin Wen believes that, as a labor-intensive industry,

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The deterioration of the living environment of enterprises is bound to lead to an increase in the unemployment rate, resulting in the deterioration of macro data.

Industrial upgrading through merger and reorganization is the most effective way to avoid these losses.

The Ministry of industry and Commerce clearly stated that the existing special funds in the central budget should give support to industrial pfer projects that meet the requirements of industrial planning and industrial policies, and especially support the projects of merger and reorganization of the eastern part and the Midwest and Northeast China, so as to promote the optimal allocation of resources.

In addition, the competent authorities will also actively encourage and guide banking financial institutions to provide necessary financial support for qualified textile industry pfer projects, and industrial pfer regions and undertaking areas can also formulate local policies to encourage industrial pfer or industrial undertaking, and maintain continuity and stability of policies.

Market participants said that according to the data in 2009, listed companies such as seven wolves, good news birds and so on kept good results in the financial crisis.

With the support of the government, the situation of "stronger and stronger" through mergers and acquisitions is expected to emerge.