2011, China'S Industrial Trend Conjectures

China held recently

The conference analyzed in detail the specific performance and role of investment, consumption and export "three carriages" in 2010 and 11th Five-Year.

First, the total investment continues to rise.

In 2010, the total investment of the whole industry reached 400 billion 600 million yuan, an increase of 1.51 times compared with 2005, and an average annual increase of 20.19% during the 11th Five-Year period.

The number of new projects has reached 8388, an increase of 75.66% over 2005 and an annual increase of 11.93% over the period of 11th Five-Year.

Second, textile exports continue to grow.

In 2010, the total export volume of the textile industry was 206 billion 500 million US dollars, an increase of 75.72% over 2005, and the average annual growth rate was 11.93% in 11th Five-Year.

At the same time, textile export competitiveness continued to improve.

Thirdly, the supporting role of the domestic market is obvious.

During the "11th Five-Year" period, the growth rate of domestic textile output continued to be higher than the year-on-year growth rate of export delivery value.

Retail sales of clothing shoes and hats and needle textiles have been higher than the retail level of the whole society. The retail sales of clothing shoes and hats and needle textiles increased by 24.8% in 2010, which is 6.4 percentage points higher than that of the whole society in the same period.

The conference held that the sustained growth of the textile industry is also reflected in the growth of output value, output of major products and profitability of the industry.

Output value continues to grow.

In 2010, the gross output value of textile industry reached 47650 billion yuan, an increase of 1.31 times compared with 2005, and the average growth rate was 18.22% during 11th Five-Year.

As sales value and industrial output increase similar, from 2005 to 2010, textile production and marketing linkage has been stable between 97% and 98%.

The output of main products continued to grow.

In 2010, domestic chemical fiber production reached 31 million tons, an increase of 86.21% over 2005, and an average annual growth rate of 13.24% in 11th Five-Year. The yarn output reached 27 million 300 thousand tons, an increase of 88.21% over 2005, and an average annual growth rate of 13.48% during the 11th Five-Year period. The cloth output reached 79 billion meters, an increase of 63.09% over 2005, and the average annual growth rate was 10.28% during the "11th Five-Year" period.

The profitability of the industry has increased markedly.

In 2010, the profit rate and total assets contribution rate of textile industry were 5.44% and 13.89% respectively, up 1.91 and 4.72 percentage points respectively compared with 2005.

At the same time, the trend of industrial pfer to the central and western regions is obvious.

In the 1~11 month of 2010, the proportion of textile investment in the eastern region accounted for 52.93% of the total industry investment, which was 21.04 percentage points lower than that in 2005.

The central and western regions increased by 17.96 or 3.08 percentage points respectively.

The meeting pointed out that during the "11th Five-Year" period, with the further development of economic globalization, China's textile industry has grasped the important historical opportunities of globalization, and the international competitiveness has been brought into full play. The level of marketization development of the industry has also been further improved, and its relationship with the international market has become increasingly close.

In 2010, industry exports recovered synchronously with the international market, and achieved rapid growth on the low base.

At the same time, the development of emerging economies has accelerated significantly, and its contribution to world economic growth has become increasingly prominent, providing new market space for China's textile industry export.

The market environment will be more complicated.

In the market environment of 2010, it is not easy for China's textile industry to achieve such a success.

First of all, excess liquidity has led to capital flows to commodity markets. Price rises have spread to all raw materials in the textile industry. The price of natural fibers represented by cotton has set a record.

"The price rise of raw materials in 2010 has made the enterprises that master the upstream resources earn a lot of money, but it has also made a wake-up call for the textile industry.

We must speed up the development of a wide range of cotton fiber substitution products to fill the gap of raw materials and balance the supply and demand relationship.

Sun Ruizhe, vice president of China Textile Industry Association, said.

Second, the rise in labour prices has become the norm.

In 2010, the remuneration and welfare of the textile industry increased by more than 10%, and the wage increase in the Yangtze River Delta and the Pearl River Delta reached 20%.

"This year's central economic work conference stressed that we should focus on improving the consumption capacity of residents, which needs to increase the income of labourers.

Then, the upward trend of labor prices is irreversible.

Sun Ruizhe said that as a labor-intensive livelihood industry, the textile industry's wage increase is also the general trend of income distribution reform.

In the past, a strong core competitiveness of China's textile industry was low factor cost.

But in 2010, the hard constraints of energy saving and emission reduction, labor price growth, and abnormal fluctuations in raw material prices such as cotton and chemical fiber told us that China's textile industry has bid farewell to the era of low cost, and the market environment will be more complex, so we must accelerate the pace of pformation and upgrading.

Sun Ruizhe bluntly said.

The analysis of China's textile industry's economic operation shows the prospect of China's textile industry in 2011, and analyzes the favorable and unfavorable factors.

According to the meeting, the global economy is still in the recovery stage, but due to the high unemployment rate of developed countries and the high inflation of emerging economies, the global economic growth rate will slow down in 2011, and the domestic economic growth will show a downward trend, mainly due to the drop in the growth rate of fixed asset investment.

From the macro point of view, fiscal policy and monetary policy in 2011 will be "loose and tight". Fiscal policy is mainly to adjust the structure, support more people's livelihood and social security system construction; monetary policy will be based on stability; RMB will maintain a slow appreciation trend against the US dollar; textile raw materials such as cotton and chemical fiber will continue to operate at a high level.