China Light Industry Competitiveness Report (2015) For Industry Guidance

The China Light Industry Federation issued the "China Light Industry Competitiveness Report (2015)", which shows that the total amount of China's light industry achieved a total of 1 trillion and 490 billion yuan in 2015, up 7.57% from the same year.

Among them, the profits of the food manufacturing industry exceeded 180 billion yuan, accounting for 16% of the total profit of light industry.

In addition to the food manufacturing industry, the profits of the plastics industry also exceeded 130 billion yuan, accounting for 11.4% of the total profit of the whole industry, and the profit of the wine making industry increased by more than 100 billion yuan last year, accounting for 8.9% of the total profit of the whole industry.

In 2015, the main business income of China's light industry accounted for 21% of the total industrial output of the country, and the industrial added value increased by 6.6%, which was 0.5 percentage points higher than that of the whole industry.

"It can be seen that the impact of slowing domestic and international economic growth on light industry is smaller than that of other industries, reflecting strong competitiveness."

Wang Shicheng, vice president of China Light Industry Federation, said.

On the export side,

It shows that exports of light industrial goods accounted for 26.3% of the total export volume in 2015, ranking the top among all sectors of the national economy.

Among the exports of light industry,

and

The largest proportion was 14.8%.

The wine industry exports grew fastest, with the growth rate of 33.31% ranking the first among light industry sectors.

In addition, the export growth of ceramic and battery industries is more than 10%, and export competitiveness is strong.

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Exports are weakening against the backdrop of the global economic downturn.

China's exports remain relatively weak since the beginning of the year when global economic performance remains weak.

Since the second half of 15, the pace of US economic recovery has slowed down significantly, while the euro zone and Japan are still at the edge of deflation.

In addition, with the tightening of overseas financing conditions and the shrinking global demand, the growth rate of the emerging markets has slowed sharply.

In May, exports and imports fell by 4.1% and 0.4% respectively.

According to the data of the General Administration of customs, China's exports declined further in May (the same period, the same; all data in US dollars) 4.1%, while the April decline was 1.8%.

At the same time, imports fell slightly by 0.4%, compared with 10.9% in April.

After seasonally adjusted exports and imports fell by 6.2% and 4.7% in May respectively, while in April, they fell by 0.2% and 7.3% respectively.

In May, the trade surplus increased from 45 billion 600 million US dollars in April to US $50 billion.

In 16 and 1-5 months, exports and imports fell by 7.3% and 10.3% respectively, while 7.6% and 12.8% respectively in 1-4 months.

Export performance in May was weaker than expected, indicating that overseas demand remained relatively weak.

At the same time, the continuous rise of real estate prices and labor costs has greatly weakened the competitiveness of China's manufacturing industry, especially the labor-intensive industries.

We forecast that China's exports will decline by 2.5% in 2016.

Notable improvement in imports was mainly due to a sharp rebound in commodity prices in the past few months.

At the same time, the capital outflow in the name of foreign trade also led to the distortion of import data, because we noticed that imports from Hongkong increased by 146.8% in the 16 years and 1-5 months.

However, domestic demand remains weak due to continued business downlink cycles.

We still maintain a forecast of import growth of -3.5% in 2016.