my country’s textile and apparel export growth rate declined year-on-year in the first half

Statistics from the National Bureau of Statistics and China Customs show that in the first half of this year, my country’s 38,000 textile enterprises above designated size achieved a cumulative main business income of 3.10385 billion yuan and a total profit of 147.76 billion yuan. The country exported a total of US$136.39 billion in textiles and clothing. Year-on-year increases of 8.5%, 11.8% and 4.2% respectively. However, the growth rate has declined to varying degrees compared with the same period last year. The growth rate of main business income and total profit both fell by 4.8 percentage points, while the growth rate of national exports of textiles and clothing fell by 7.7 percentage points.
This was introduced by Gao Yong, vice president of the China Textile and Apparel Industry Federation, at the briefing on the economic situation of the textile industry in the first half of 2014 held on the 15th.
“The new normal of national economic development will continue to affect the textile industry.” Gao Yong said. Due to the rapid decline in international cotton prices, the price difference between domestic and foreign cotton reached more than 5,500 yuan/ton in early August; the problem of high price and low quality of state-owned cotton is still prominent, and it is difficult to effectively meet the cotton demand of enterprises; the parallel system of domestic cotton circulation has also made The cotton market is in chaos. In addition, the prices of domestic labor and textile raw materials and auxiliary materials have generally risen, the costs of financing, land, marketing channels, etc. have continued to increase. Factors such as the continuous improvement of ecological and environmental protection standards and the continuous strengthening of law enforcement have increased the pressure on the comprehensive costs of textile enterprises. Facing a series of pressure factors, small and micro enterprises are facing serious problems in survival and development, and some have closed down and stopped production. Gao Yong suggested that being “specialized” or cooperating with large companies and processing on behalf of large companies are two ways out for small and micro textile companies in the development dilemma. Otherwise, priority should be given to “small boats are easy to turn around”.
Gao Yong analyzed that in the second half of 2014, the development environment faced by the textile industry was still relatively complex. On the one hand, the macroeconomic fundamentals at home and abroad are generally stable, and the domestic demand market has obvious effects of pre-adjustment and fine-tuning of policies such as targeted reserve requirement ratio cuts, which is expected to strengthen growth momentum. However, on the other hand, as the launch of new cotton approaches, the domestic cotton market situation will become more stable. complex. Gao Yong predicts that the growth rate of textile industry production, sales, export and other operating indicators will increase in the second half of the year compared with the first half of the year.