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    Half Day Adjustment Of Textile And Garment Sector

    2008/11/29 11:29:00 30

    Textile And Clothing

    As of early morning closing, textile and garment plate with the market to adjust.

    Among them, red beans (600400.SH), Huasheng shares (600156.SH), Fujian South spinning (600483.SH), China Textile shares (600448.SH), Shandong Ruyi (002193.SZ), open industrial (600272.SH) and other stocks fell by 2.80%, 2.71%, 2.60%, 2.42%, 2.30%, 2.19%, respectively.

    Analysts pointed out that the central bank announced a sharp cut in interest rates by 1.08 percentage points, which helps to reduce the operating costs of enterprises.

    However, for small and medium-sized textile enterprises, the effect of reducing interest rates may not be so obvious.

    Because banks are more strict in approving loans to SMEs, which often makes small and medium-sized textile enterprises only hope.

    The textile industry is dominated by small and medium-sized enterprises, which are difficult to obtain loans from banks.

    To a certain extent, this has affected the enthusiasm of investors to do more textile and garment plates, and promoted the adjustment of textile and garment plates with the market.


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    Clothing Industry Heating Winter To Attack Domestic Market

    RMB appreciation, subprime mortgage crisis, export tax rebate rate reduction, raw material prices, CPI rising. The multiple factors at home and abroad make the domestic textile and garment industry facing unprecedented crisis in 2008.

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