The Growth Of China'S Textile Exports Will Decline This Year.

2011/5/24 9:12:00 40

Authoritative department predicts International

market

China's textile industry is not optimistic this year.

Exit

The volume growth will decrease significantly compared with the previous year.

With the increase of added value of China's textile products and other factors, the export price of Chinese textiles will be greatly improved.

Reporters from China today

Textile Industry Association

It is learned that with the increasing uncertainty of the global economy, the withdrawal of developed economies and the inflation of emerging economies will become an uncertain factor that restricts the global economic recovery this year.

Affected by this, the outlook for the international market is not optimistic, and the volume of China's textile exports will decline significantly over the previous year.

However, with the increase of added value of Chinese textile products, appreciation of RMB and the rise of international commodity prices, the price of Chinese textile exports will be greatly improved, which will lead to an increase in its export volume.

According to the China Textile Industry Association, consumption is still an important driving force for the economy this year.

The adjustment of national tax and the acceleration of farmers' income growth will become an important factor in stimulating consumption.

However, with inflation and other factors, domestic demand growth will decline.

In addition, the overall growth rate of China's textile industry will slow down this year, and the risk of business operation will be significantly improved due to the fluctuations of raw materials, appreciation of the exchange rate, tight supply of coal and electricity, rising labor costs, increased environmental pressure, increased inflation expectations and tight macroeconomic policy environment.

Nevertheless, China's textile industry will remain stable this year.

The China Textile Industry Association also reminded that controlling risks should be placed at the top of this year's textile business strategy.