China's textile and apparel exports have been stable this year

According to statistics from the National Bureau of Statistics and China Customs, in the first half of this year, China’s 38,000-plus textile enterprises above designated size achieved a total of RMB 3,103.85 billion in revenue from main operations, total profits reached RMB 147.76 billion, and textiles and apparel exports totaled US$ 136.39 billion, a year-on-year increase respectively. 8.5%, 11.8% and 4.2%. However, the growth rate fell to varying degrees compared with the same period of last year, in which the growth rate of main business income and total profit decreased by 4.8 percentage points, while the growth rate of national textile and apparel exports fell by 7.7 percentage points.

This was introduced by Gao Yong, vice chairman of the China Textile Industry Federation, at the briefing on the economic situation in 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 in early August reached 5,500 yuan/ton or more; the problem of high quality and low cotton prices in the State Reserve is still outstanding, and the demand for cotton used by enterprises is difficult to be effectively met; Cotton market chaos. In addition, the price of domestic labor, textile raw materials and accessories has generally risen, and the cost of land, marketing channels, etc. has continued to increase. Ecological environmental protection standards have been continuously raised, law enforcement has been continuously strengthened, and other factors have increased the pressure on the overall cost of textile enterprises. Faced with a series of stress factors, small and micro enterprises have outstanding problems in their survival and development, and some have already closed down and stopped production. Gao Yong suggested that "specialty" or cooperation with large companies and large enterprises on behalf of the processing, is the two outlets for small and micro-textile enterprises in the development of dilemma, otherwise it should give priority to the "Shipiao Yi U-turn."

Gao Yong analyzed that in the second half of 2014, the development environment faced by the textile industry is still more complicated. On the one hand, macroeconomic fundamentals at home and abroad are generally stable, and the domestic demand market is expected to strengthen its growth momentum in line with the policy of targeted downward adjustment and other fine adjustments. On the other hand, with the arrival of new cotton, the domestic cotton market will be more complex. Gao Yong expects that the growth rate of the production indicators for the production, sales, and export of the textile industry will increase in the second half of the year.