Low Operating Rate In Cotton Textile Industry
Shang Pu consulting light industry analyst believes that the current transfer trend is obvious, plus Continued appreciation of RMB Labor costs rise and business costs increase, but the international competitiveness of cotton textile enterprises is decreasing. Because of the adjustment of macro policies such as money and industry, enterprises are more cautious when accepting export orders. In addition, cotton textile enterprises are generally faced with financial pressure. On the one hand, the reduction in orders and the increase in inventory greatly increase the financing difficulty and cost of enterprises. The adjustment of the national macro monetary policy has a great impact on cotton textile enterprises, which has brought great pressure to the capital turnover and cost. Affected by this, the small and medium-sized cotton textile workers shut down a serious phenomenon, including large enterprises, including the cotton textile industry, there was a low operating rate.
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