The Current Situation Of China'S Textile Industry: Output Value And Profit Growth Slowed Down By &Nbsp;

2011, China

At the seventh China Textile round table annual meeting held recently, Wang Tiankai, President of the China Textile Industry Federation, said that the operational risks faced by the textile industry increased significantly in 2011 compared with the previous year. The growth of industrial efficiency is particularly prominent.

"Tight external environment has formed the market.

Last year, the growth rate of textile production continued to slow down.

From 1 to November last year, 36 thousand Textile Enterprises above Designated Size reached 4 trillion and 952 billion 640 million yuan in total industrial output value, an increase of 27.5% over the same period last year, but compared with the end of the first quarter, output growth slowed by 4.1 percentage points.

Although industry profits have increased, the growth rate is also declining.

According to the key industry cluster survey data of the Federation, from 1 to October, the profit of small enterprises under the cluster area increased by 11.4% compared with the same period last year, and the growth rate was less than 40% of the enterprises above the scale.

The operation of small and medium sized enterprises below scale is facing great difficulties.

The growth rate of textile industry investment is also slowing down.

From 1 to November last year, the total investment in fixed assets of the textile industry over 5 million yuan reached 610 billion 160 million yuan, an increase of 34.7% over the same period last year. The growth rate dropped by 3.8 percentage points from 1 to March, and the number of new projects was 13129, up only 1.8% from the same period last year.

The slowdown in investment and new construction projects also reflects a decline in market confidence and willingness to invest.

What is more worth pointing out is that as a large exporter, the export volume of textile industry increased nearly zero last year.

According to customs data, from 2011 to November, the total export volume of textiles and garments was 231 billion 840 million US dollars, up 21% from the same period last year, and the growth rate was 6 percentage points lower than that at the end of April. 1.

Excluding price factors, the number of textile and garment exports increased by only 0.5% from 1 to November, and the number of garment exports increased by only 0.1%. Some export orders were pferred to low cost countries around the world, and the demand for terminal market in the international market was not optimistic.