China'S Textile Industry Insists On Accelerating Pformation And Upgrading

The textile industry started smoothly in the first quarter of 2016, and some indexes increased faster than the national industrial level.

Next time, let's take a look at the detailed information.

Since 2016, facing the complex and grim external situation, China's textile industry has been insisting on accelerating pformation and upgrading, deepening the structural reform of supply side, maintaining stable economic operation, and increasing the main indicators such as production, marketing and efficiency.

Judging from the trend of the whole year, the overall textile industry in 2016 will remain stable.

Although the growth rate of domestic demand market has slowed down, China's macro-economy will maintain a steady growth in a reasonable range. Domestic demand will steadily expand, and the general trend of better exports will not change. It is still the primary support force for the textile industry.

According to the National Bureau of statistics data, 1~3 months 2016, above the national scale.

Industrial added value increased by 6.7% over the same period last year, which is basically the same as in 2015, which is 0.9 percentage points higher than that of the same period.

Over 1 trillion and 552 billion 410 million of the main business income of Enterprises above designated size increased by 5.1%, up 2.7 percentage points from the whole industry, and the total profit was 76 billion 890 million yuan, up 6.5% over the same period last year.

Textile and clothing exports are showing signs of improvement. According to the customs express, the total export volume of textiles and clothing in China in 1~4 months was 77 billion 490 million US dollars, down 2.7% compared with the same period last year. However, since March, the export decline has narrowed down month by month, and the 1~4 month growth rate has increased by 13 and 2.5 percentage points respectively compared with 1~2 and 1~3 months this year.

The supply situation of cotton has been initially improved. Since May, the reserve cotton has started to turn out, and the quality and turnover situation of cotton in the early stage has been relatively better, which helps to increase effective supply of textile raw materials and stabilize the production of enterprises.

However, the textile industry is still facing great development pressure. The global economic recovery is still weak. Whether the export of the industry will continue to rise remains to be seen. The comprehensive cost pressure of textile enterprises is difficult to be completely alleviated, and there is still a risk of structural shortage of high-grade cotton.

The textile industry needs to continue to accelerate pformation and upgrading, actively resolve various risks and strive to ensure steady and healthy development throughout the year, making positive contributions to the completion of Chr (34) steady growth, structural adjustment and Chr (34) of the people's livelihood.

The quality and structure of the textile industry's economic development continued to show positive changes.

In 2016 1~3 months, the sales profit of Enterprises above designated size was 5%, an increase of 0.1 percentage points over the same period last year. The turnover of total assets was 1.5 times / year, an increase of 0.5% compared with the same period last year, and the turnover rate of finished products was 19.8 times / year, an increase of 0.4% over the same period last year.

Industrial use

The momentum of development is still good. The total industrial added value and profit in 1~3 months increased by 10.5% and 9.4% respectively, higher than that of the whole industry.

New channels and new formats have basically maintained steady growth, 1~3 month nationwide.

Retail sales increased by 16% over the same period last year, although the growth rate has slowed down compared with the same period last year, but the growth rate is still significantly higher than the domestic demand channels and exports, which plays an important role in activating the potential of textile and clothing domestic demand.

The development of textile industry is facing a series of practical problems.

External demand growth is still sluggish and international competition is increasing. In 2016 1~3, China's exports of textiles and clothing decreased by 1.8 and 2.3 percentage points respectively in the US and Japan's import market compared with the same period last year, and the share of 1~2 in the EU dropped by 3.1 percentage points.

Domestic demand growth slowed down overall. The downward trend of macroeconomic growth has a restrictive impact on Residents' income growth and consumer sentiment. The expansion of food prices also has a squeeze effect on the demand growth space of textile and clothing.

The cost of comprehensive cost has not been alleviated. The cost of labor, electricity and financing in China's textile industry is at a disadvantage in international comparison. The trend of labor intensive processing orders and capacity pfer to overseas still exists.