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Good And Bad About The Good Financial Policy Of Textile Industry

2008/11/26 11:25:00 22

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The ten measures to boost economic development proposed by the state are called the most exciting economic stimulus plan of the central government in the past 10 years by people from home and abroad.

Among them, increasing financial support for economic growth is one of the most concerned policies of textile enterprises.

Loose policies will benefit textiles.

Detailed analysis shows that almost every increase in financial support for economic growth will benefit the textile industry.

The expansion of credit scale will stimulate the expansion of domestic demand market, bring investment growth; accelerate the construction of key projects, will indirectly expand the demand for textile products; support the technological pformation of small and medium-sized enterprises, to the small and medium-sized enterprises as the main body of the textile industry is more "timely help."

Shortly after the introduction of the national policy, the reporter interviewed some of the heads of textile enterprises in China. They believed that after the introduction of relatively loose monetary policy, the textile industry will continue to shoulder heavy responsibilities in the country's expectation of further expanding domestic demand and promoting steady and rapid economic growth.

The global economic downturn has seriously affected the real economy.

As an important field of China's export, investment and consumption, the textile industry has been more affected.

Because the textile industry belongs to the banking credit restriction industry, the financing demand of enterprises is difficult to meet, and the development of textile enterprises is restricted by the national industrial policy and the national environmental protection policy, and the uncertainty of operation increases, so the investment speed of the industry decreases obviously.

According to the statistics of China Textile Industry Association, the fixed assets investment projects of China's textile industry in the 1~9 months of this year totaled 202 billion 269 million yuan, an increase of 10.15% over the same period last year, a 12.98 percentage point increase in the growth rate, and 4783 new projects in the industry, representing a decrease of 8.91% over the same period last year.

In the first 7 months, the amount of investment in fixed assets was 163 billion 619 million yuan, of which 79.28% of the total capital was funded by enterprises, and the proportion of domestic loans decreased significantly.

In the face of the new market environment, for the first time in the past ten years, the monetary policy of the state has used the term "loose" to increase the money supply, indicating that the direction of the money supply has undergone a significant change. This can not only keep pace with the macroeconomic adjustment of the International Economic and financial markets, but also help maintain the security and stable operation of China's economic and financial market, which is indeed a good news for the textile industry, which is deeply affected by the financial crisis.

政府和銀行應(yīng)聲而動

Along with the introduction of moderately loose monetary policy, all banks' credit initiatives also came into effect.

The head office of China Construction Bank announced on the 12 th this month that it will actively provide portfolio financial support services including credit. By the end of this year, the credit market will be increased by 30 billion to 50 billion yuan on the basis of the completion of the annual credit scheme, and credit support to SMEs and state key projects should be increased, so as to fully ensure the use of funds for energy conservation and emission reduction projects.

The national development bank regards the "expanding domestic demand and promoting economic growth" as the current central task. It will ensure a new loan of 40 billion yuan by the end of the year, and strive to be effective in the short term.

The Bank of China announced on the 11 th this year ten major measures to increase credit support for key industries and industries.

ICBC also said on the 13 th of this month that it will give full play to the important role of big banks in supporting domestic demand expansion and promoting steady and rapid economic development, guaranteeing the total amount and expanding the investment.

In addition to a series of financial measures taken by banks, local governments have also moved on. A top-down and more liberal financial channel is gradually taking shape so that economic entities can benefit from it.

In Guangdong Province, where many enterprises fail and stop production, the local government plans to invest 2 trillion and 300 billion yuan in 5 years and implement the "new ten projects" including 222 projects, which will add strength to the whole province's economic development.

Jiangsu will take 10 measures to start a 300 billion yuan government led investment project to further expand domestic demand.

Among them, in accelerating the construction of major infrastructures and increasing the support for enterprises, the total investment in Jiangsu is as high as 220 billion yuan.

The investment scale of the Beijing municipal government within two years has been set at 120 billion to 150 billion yuan, which is mainly focused on key projects and key projects.

Henan will strongly support the construction of a guarantee system for small and medium-sized enterprises, and the credit guarantee fund will reach 10 billion yuan in 5 years.

From the financial sector to the local government, a series of policies to revitalize the economy have been introduced, and many textile enterprises in financial difficulties have been reestablished.