In 2010, China'S Textile Industry Was The Next 10%? Or The Next City?

A crucial moment for the past and the next half of the year

Since 2010, the global economy has clearly embarked on the recovery process. Although the foundation is fragile and the process is tortuous, the recovery of different economies is also showing a differential progress. However, the global market demand has improved significantly during the crisis period, which has provided a good demand dynamic support for China's textile and clothing exports.

Although China's economic growth in the two quarter has declined compared with the first quarter, the growth rate of GDP in the first half of the year is 11.1%, which proves that our domestic macroeconomic environment is still improving. The booming domestic market demand forms a powerful pallet for China's textile industry's domestic sales growth.

According to statistics, in the first half of 2010, China's textile industry above designated size enterprises achieved a total industrial output value of 2 trillion and 117 billion 114 million yuan, an increase of 25.45% over the same period last year, and sales output value of 2 trillion and 66 billion 179 million yuan, an increase of 25.94% over the same period last year, and the growth rate was at a high level in recent years.

In the first half of the year, the positive driving force of industry investment has also become an important driving force for the whole industry to achieve growth.

The momentum of "three carriages" made the extension of China's textile industry's warmer track in the first half of the year.

But in the tone of the industry's overall warming, it is not difficult to discern signs of slowing down.

Data show that in the first half of 2010, China's textile industry above scale enterprises achieved a total growth rate of industrial gross output value, down 1.6 percentage points compared with the first quarter.

At the present stage, although the slowdown of production growth has not changed the overall pattern of the industry as a whole, the complexity of the external environment needs to be carefully screened.

Admittedly, the low base effect of last year is gradually weakening into the factors that slow the growth curve of the industry, but more importantly, the external environment facing the industry is extremely complex and even beyond expectations.

The weakening of the global economic recovery, the decline of market demand, the positive pulling effect of stock replenishment and the rise of trade protectionism will constitute the downside risks of future industries.

In terms of the domestic economic environment, the growth rate of industrial investment has shown signs of slowdown at the present stage, due to recent government intensive policies such as tightening real estate policies, increasing backward production capacity and eliminating energy conservation and emission reduction policies, and clearing local financing platforms.

Slowing investment and declining exports will inevitably lead to a further slowdown in domestic economic growth, thereby affecting the continued growth of the domestic demand market.

At the same time, the cost of production factors such as raw materials and labor continues to rise.