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China'S Textile Economic Operation Environment During The Opening Year Of 12Th Five-Year

2011/2/25 9:24:00 60

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Textile Economic Operation In 12Th Five-Year

In February 18th, the central bank announced the decision to increase the deposit reserve ratio of RMB 0.5 percentage points from February 24th.

This is the second time this year to raise the deposit reserve ratio and the eighth increase since last year.

After this adjustment, large scale

Financial institution

The deposit reserve ratio has increased to 19.5% and the number of small and medium financial institutions is 16%.

Experts believe that inflation and liquidity are still the reasons for this increase, but also include regulation of the real estate market.

It is easy to see from the newly released January 2011 macroeconomic data that the CPI adjusted by weight has increased by 4.9% compared with the same period last year. It is widely interpreted as "lower than expected" by the market, but it still shows that inflation pressure has not been alleviated. The PPI data in the same period increased by 6.6% compared with the same period last year, which indicates that if the conduction lag factor is taken into consideration, the pressure of CPI will continue to go up in the future.

No matter for our macroeconomic environment or the operation environment of the textile industry, the opening of the "12th Five-Year" situation is equally disturbing.

Just concluded "

The 11th Five-Year

"During the planning period, coincided with the most serious financial crisis since the Great Depression", the financial crisis quickly evolved into a real economic crisis and penetrated into all the economies of the world through a variety of channels, and no region or any industry was able to stand alone.

China's textile industry has excellently overcome the negative effects of the international market atrophy caused by the crisis by virtue of its strong industrial supporting ability, remarkable effect of cluster development, outstanding export competitiveness and obvious adjustment of industrial structure. At the end of 11th Five-Year (2010), it gained more growth and upgrading than the "fifteen terminal" (2005) investment growth 1.51 times, export growth 75.72%, output value growth 1.31 times, and industry profit margin 1.91 percentage points higher.

However, while enjoying the fruits of the 11th Five-Year growth, the complex situation of the opening year of 12th Five-Year is in sight.

Under the influence of the global economic crisis, the world economic development is still full of uncertainties, and the recovery process will still be tortuous.

The adjustment of the world economic geography pattern and industrial pattern is also increasing. The global economy is facing a "rebalancing", which undoubtedly releases complex and tight export signals.

The long-term and rapidly growing domestic demand market is also facing the challenge of urban development ills. Even in 2010, the Gini coefficient of our country has exceeded the warning threshold, which set a warning bell for the growth of domestic demand.

It is worthwhile to further explore whether the emerging market of domestic market in the financial crisis can continue to become a strong driving force to support the economic growth of the industry.

2010 has been troubling the industry.

Raw material upsurge

The problem will remain the focus of attention and response in 2011. It is a common understanding that the high price is difficult to return, and enterprises must file early warning.

At the same time, the risk of policy adjustment should be dealt with ahead of schedule.

At the beginning of 2011, the central bank continued to increase monetary control, extend the tightening policy in the fourth quarter of 2010, increase the deposit reserve ratio by 0.5 percentage points in January 20th, and raise the benchmark interest rate of RMB deposits and loans in financial institutions by 0.25 percentage points in February 9th, until the February 24th is coming up again. The frequency shows that the government is determined to push forward the pformation of economic growth mode, control liquidity and inflationary pressure. This has also brought negative signals to increase financial cost pressure and tighten the financial environment for textile enterprises.

Raising interest rates will further strengthen the pressure of RMB appreciation, which will weaken the competitiveness of China's textile and clothing export prices.