China'S Textile Industry Has Shown The Characteristics Of Gradient Transfer From The East To The West

Du Yuzhou, President of China Textile Industry Association, said recently in Jinan that in terms of the investment situation of China's textile industry, the investment ratio in the central and western regions is significant and the growth rate is high, and there has been a gradient transfer feature from the southeast coastal areas to the central and Western Regions. according to statistics, from September 2007 to August 2008, from the perspective of regional distribution, the growth rate of fixed asset investment in cotton textile and textile and garment manufacturing industry in Central China ranked first in China; the growth rate of investment in textile industry in western region was as high as 83.55%. However, the investment in fixed assets of cotton textile in the southeast coastal areas increased negatively, and the growth rate of textile and clothing manufacturing industry was only 1.24%; the investment in textile, cotton textile and textile and garment manufacturing in Shandong Province was all negative growth, among which, the investment in fixed assets of cotton textile industry decreased by more than 30% year-on-year. Du Yuzhou said that the textile industry, as a traditional labor-intensive industry, is facing both the opportunity to absorb high-tech achievements and the constraints of rising costs, as well as the industrial monopoly of multinational companies and the restrictions of new trade protection. In August, the total profit of the whole industry increased by only 3.2%. However, at the same time, China's textile industry has also begun to vigorously cultivate its own brands. The industry is gradually changing from the low-end to the high-end, entering the stage of accelerating industrial upgrading. In his opinion, the first driving force of China's textile industry growth in the new period is the growth of domestic demand. At present, the textile industry still has 1 / 3 of the enterprise profit rate is increasing, which represents the foundation and confidence of the industry.