Profit Growth Of China'S Textile Industry Will Continue To Fall In The Fourth Quarter Of This Year.

textile industry

The Association Statistics Center predicted today that the profit growth rate of China's textile industry will continue to fall in the fourth quarter of this year.

profit

The growth rate is still at a relatively high historical level. On the one hand, it is driven by the resumption of corporate profits, and on the other hand, it continues to be affected by the cardinal effect.

However, according to the data in 2009, the profit growth rate of China's textile industry in the same period last year was negative in August and accelerated in November. This means that in the fourth quarter of 2010, the impact of the weakening of the low base effect in the same period last year will be more obvious, which will further reduce the level of industry profit growth in the fourth quarter.

Macro economy

On the other hand, China's textile industry will continue to face more uncertainties.

Cotton prices continue to push up the cost of raw materials in the industry. Up to now, cotton prices have exceeded 23000 yuan / ton, the appreciation rate of RMB has accelerated, and will continue to affect the profits of export enterprises.

At the same time, this year is still the last year of the "11th Five-Year plan", and the measures to be implemented for the purpose of energy saving and emission reduction will be more stringent. In August and September, there have been some provinces and regions to slam the electricity, and this will also bring certain influence to the normal production order of textile enterprises.