China'S Textile Exports Will Slow Down &Nbsp In The Second Half Of The Year, And Enterprises Must Improve Their Resilience.

China

According to the China Textile Industry Association, the global economic recovery in the second half of 2011 is still lacking new growth momentum. In order to expand the money supply and increase the growth mode of stimulating demand by the government, there is a lack of sustainability. The employment improvement in developed economies is still slow, so there is no fundamental impetus for the recovery of market demand.

From the perspective of the situation in China, the implementation of monetary policy in China will shift from emphasizing the effectiveness of restraining inflation to stabilizing the economic growth in the second half of the year, which is affected by the decline of industries and the slowdown of economic growth. The orientation of monetary policy will be finely adjusted to "relative tightening and directional easing".

Therefore, most of the profitability of textile SMEs at this stage is not optimistic, and the overall financing environment is still tense.

China's domestic demand market will remain stable overall, and clothing products will be accumulated throughout the year.

China's development and Reform Commission released a report recently that although the domestic demand market is still expected to continue to achieve steady growth, it is expected that the growth rate of the main economic indicators of the textile industry will further slow down in the second half of this year.

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Industry experts have warned that in the second half of this year, Chinese textile enterprises must strengthen risk control and enhance their resilience so as to maintain stable and healthy development of the whole industry.