Domestic Sales Will Become The Main Driving Force Of The Textile Industry.

"Domestic sales will become the future.

He pointed out that enterprises in scale above 1-6 this year

Sun Ruizhe made the above statement at a joint press conference on the 2010 China Textile and garment enterprise social responsibility report. In July 30th, the China Textile Industry Association jointly issued the 2010 social responsibility report jointly with Huafu color spinning [21.85 1.06%], Jingwei Textile Machinery [8.42 -0.24%] and other companies.

Wang Wei, deputy director of the consumer products division of the Ministry of industry and commerce, pointed out that the current Chinese textile industry is in a critical period of pformation and upgrading. The next ten years will be an important stage for China to realize its strong textile power. In this process, it is particularly important to strengthen social responsibility construction, and at the same time, it is necessary to build up the social responsibility system.

Sun Ruizhe also believes that social responsibility is becoming the basic parameter of the development track of textile industry and the main variable of enterprise management and management. For textile and garment enterprises, there will be two different opportunities or challenges. In the future, this phenomenon of social responsibility as a reference system will become more obvious.

Supplement:

Steady growth of domestic sales

In the 1-10 month of this year, the retail sales of textile and clothing enterprises above the limit reached 360 billion 700 million yuan, up 20% from the same period last year, although the increase has declined compared with that in 2007 and 2008, but it still belongs to a higher level in the past 7 years.

Huatai Securities analyst pointed out that there is a significant correlation between sales of consumer goods and disposable income of residents, with a correlation coefficient of more than 0.9.

Moreover, under the current disposable income level, the income elasticity coefficient of textile and clothing is greater than other consumer goods.

The central economic work conference put forward that in 2010, domestic demand will continue to expand, and the consumption demand of residents will be increased.

It is estimated that the growth rate of domestic sales in 2010 may be between 20%-25%.

The promotion of urbanization is another strong driving force for domestic textile and apparel industry.

From the consumption data of urban residents and rural residents on clothing, we can see that in 2008, the average per capita clothing expenditure of urban residents was 1165 yuan, while the average per capita clothing expenditure of rural residents was only 211 yuan.

Analysts pointed out that the annual growth rate of urbanization is about 1.5%, and the sales of clothing brought about by urbanization is about 12 billion yuan / year, resulting in an annual growth rate of 4% of clothing sales.

Analysts of joint securities believe that consumption growth and population structure change in 2010 will keep consumption growth high.

Clothing products, as one of the necessities of residents' life, account for a relatively stable proportion of total consumption over the years. With the continuous promotion of urbanization and the steady increase of residents' income level to a new height, the proportion of clothing expenses will steadily increase. This is also a concrete manifestation of consumption promotion.

This performance will be more obvious in China's two or three tier cities.

In addition, one of the themes of the 2010 government policy is "promoting consumption", which may increase the consumption capacity of residents through a series of administrative measures, and also bring about the theme investment opportunities.

Compared with 2009, analysts also believe that the growth rate of domestic textile and apparel market can be maintained above 20%.