Nearly 5000 Scale Spinning Enterprises In Shandong Failed.

From the Shandong provincial industrial economic operation command department, this year, in the face of the complicated international and domestic economic situation, Shandong textile industry's economic operation has not seen great ups and downs. None of the 4933 Textile Enterprises above scale has failed, and there has not been a large area of loss.

According to the introduction, in the first three quarters of this year, Shandong's textile enterprises above Designated Size completed an industrial added value of 115 billion 374 million yuan, an increase of 17.43% over the same period last year; the total export volume of textiles and clothing was more than 11 billion 700 million dollars, an increase of 15% over the previous year; 38 billion 930 million yuan in profits and taxes, an increase of 20.8%, an increase of 16.2 percentage points, with a profit of 24 billion 890 million yuan, an increase of 20.8%, an increase of 23 percentage points.

In view of the existing problems in the textile industry, the Shandong Textile Industry Association recommends that departments at all levels seize the favorable opportunity for the state to implement moderately loose monetary policy, increase the support for credit funds in the textile industry, appropriately increase the loan quota for key textile enterprises, and give support to the enterprises with high market efficiency and potential for development and the export of high-end products, so as to further ease the tight financial situation of enterprises.

The Shandong provincial government said it would increase support for textile and apparel terminal products, and enable more provincial brand clothing to enter large shopping malls and supermarkets as soon as possible through the combination of industry and trade.