China'S Textile Industry Is Running Well &Nbsp; The Main Business Risk Is Three.

China

I learned from the China Textile Industry Association today that the latest statistics show that the total industrial output value of textile enterprises above Designated Size reached an increase of 32% over the first quarter of 2011, an increase of 24% over the same period last year, an increase of 23% in consumption and an increase of 38% in investment. The total profit increased by 54% over the same period last year.

Sun Huaibin, director of the China Textile Industry Association's Economic Research Center, also pointed out that China's textile industry is facing some new contradictions and difficulties.

He analyzed that these business risks generally have several pieces, the first is funds.

Now the national macro-control policy is to control the CPI (consumer price index) in a reasonable range, so monetary policy is becoming tighter and tighter.

With the size and growth rate of credit controlled by the state, it is more and more difficult for textile enterprises to obtain funds from banks.

The price fluctuation of raw materials will bring great pressure to the textile industry.

Another pressure on China's textile industry is inflation.

For textile industry, inflation is mainly manifested in the price of some production factors, such as coal, electricity, oil and gas.

Since 2011 was the year of the opening year of 12th Five-Year, many parts of the country started to grow rapidly, and the speed of economic growth obviously increased. Therefore, the demand for some basic production factors also soared, coupled with the rise of some high energy consuming industries, which caused the tension of these factors, and the Chinese spinning and weaving industry was also faced with such a predicament and pressure.

Moreover, the electricity consumption in 2011 can be said to be low in the off-season, and the peak comes earlier. In the two quarter of 2011, the pressure may be greater.

Sun Huaibin believes that the textile industry also has a pressure from the market. In 2011, the global economy was in the stage of slow recovery and climbing. Especially in some major economies, the US economy is unstable at present, while some mainstream European countries are good, but the European sovereign debt crisis has dragged down the euro area economy. In addition, Japan's massive earthquake and nuclear leaks also caused great damage to the economy. The pressure of inflation in other emerging economies is also great. At the same time, the North African War turmoil and soaring oil prices and so on, the economic environment of China's textile industry is still facing many uncertainties.

Sun Huaibin said that China's textile industry is a highly market-oriented industry, and we should be able to overcome these crises under the joint efforts of all of us.

He said that although the "12th Five-Year plan" of China's textile industry has not yet been promulgated, the China Textile Industry Association still has the confidence to achieve the strategic goal of building a textile power in the early part of this century through the next ten years.