Analysis Of The Development Of Textile Industry In 2008

In 2007, the Chinese textile industry planned to invest 569 billion 588 million yuan in fixed assets, and the investment in fixed assets was 255 billion 212 million yuan, an increase of 25.7% over the same period last year, and 9904 construction projects, an increase of 11.9% over the same period last year. The number of completed projects was 4273, an increase of 16.2% over the same period.

The growth rate of textile industry investment has been greatly lower than that of the national manufacturing industry.

At the end of 2007 and early 2008, due to the strong appreciation of the RMB and the drastic impact of the exchange rate, meanwhile, the CPI index continued to climb, making the cost of raw materials of textile enterprises climbing steadily, and the textile enterprises faced the enormous cost pressure.

Thus the overall export form of the textile industry will be seriously affected, and the lagging effect of this effect on machinery will be shown in the latter half of 2008 and the following 2009.

Of course, the actual development also depends on the specific macro-control effect of the country and the final adjustment of the international market.

However, it is foreseeable: in the short term, the textile industry will be greatly influenced by international and domestic influences on textile machinery.

The specific performance is that there may not be a faster growth in 2006, but this trend of growth has slowed down.