In response to recent comments on China's textile industry “stopping and risingâ€, Gao Yong, vice president of China Textile Industry Association, said on June 12 that China's textile industry is still in a low-lying stage, and it is too early to “go out of the troughâ€. outerwear Weihai Yimao Garment Co,. Ltd. , https://www.cwhyimao.com
At the 14th Shanghai International Textile Industry Exhibition, which opened on June 12, Gao Yong emphasized that the textile industry should be observed from three indicators: fixed asset investment, export and domestic sales. These three indicators are currently not optimistic.
According to the statistics of China Textile Industry Association, China's textile industry's fixed assets investment was 68 billion yuan in the first four months of this year, up only 1.61% over the same period of last year. Last year, it was about 260 billion yuan, up 8.75% year-on-year. The annual increase of about 20% in 10 years.
From January to April, China's textile and apparel exports were 47.7 billion U.S. dollars, a year-on-year decrease of 10.16%. Although the decline was lower than the overall decline in national exports, the prices of individual types of goods were slightly better, "but exports are still low."
Since the first half of last year, the domestic retail market has become an important support for China's textile industry, but the sales growth rate has dropped from more than 20% at the end of last year to around 15% at the beginning of the year, and it has fallen to around 8% in January-April. Lower than the growth rate of total retail sales of consumer goods.
Gao Yong said that the textile industry is the traditional pillar industry of China's national economy and an important civilian production industry. It is also an industry with obvious international competitive advantages. It has a clear judgment on the status quo of the textile industry and is conducive to the formulation and implementation of relevant targeted policies. Conducive to the implementation of the industrial revitalization plan in the next three years, it is also conducive to play a good role in supporting the textile industry for employment and benefiting farmers.
Gao Yong believes that whether the export situation can be improved is an important indicator of whether the textile industry can really get out of the trough. If exports cannot achieve growth, it will be difficult for the textile industry to pick up as a whole. The biggest constraint to the current export of China's textile industry is the EU market. In 2008, China's textile and apparel exports to the EU reached 39.9 billion US dollars, an increase of 36.66% over the previous year; in the first four months of this year, exports were 9.7 billion US dollars, Down 11.28% year-on-year. One positive and one negative, the difference is nearly 50 percentage points. Especially since the fourth quarter of last year, due to factors such as the sharp depreciation of the euro, China’s textile and apparel exports to the EU have turned sharply and the situation is very pessimistic.
In comparison, since the beginning of this year, China’s exports of textiles and clothing to the United States and Japan have been relatively stable, with little or no growth or decline.