How To Grasp The Opportunity To Adjust The Textile Industry At An Early Date?

In the June macroeconomic issue, "steady growth" is probably the most concern of the public.

In the face of the slowdown of world economy, a series of factors, such as Spain and Cyprus, demand for financial assistance, the continuous decline of global stock market, and the continuous decline of international oil prices, once again show that the global economy is facing huge contraction.

As an important part of the world economy, China can not stand alone.

Shao Ning, deputy director of the SASAC, said at a recent meeting of the central enterprises' strengthening basic management work conference that after experiencing 30 years of rapid growth, the Chinese economy began to enter the tight period. The central enterprises should prepare for the winter of up to 3~5 years.

Under such a big environment, our country

What kind of predicament will go through and where to go?

From the domestic point of view, the various production costs of enterprises show a rigid upward trend, and the pressure on them is increasing.

As the price of production factors such as labor and price of coal and electricity increases, plus the combined effects of bank interest rate increase and RMB appreciation, the pressure can be imagined.

More and more negative signals from the corporate level are constrained by export, domestic demand, credit crunch and the continuous reduction of effective orders.

There has been a downtime phenomenon in the industry, so many enterprises have adjusted their plans to prepare for the winter.

In textile industry, the shortage of funds is the most frightening thing for enterprises.

Take Zhejiang as an example, in the past, Zhejiang private enterprises, which were most resistant to risks, were also "not able to live" and went bankrupt.

Zhejiang business circles feel that many Zhejiang enterprises are not beaten by rising costs and slowing external demand this year.

On the question.

From the international market, the biggest variable comes from the United States.

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Once the US economy has experienced a prolonged downturn, China, which is at the other end of the US consumption mode, will face the situation of shrinking external demand.

At the same time, the euro zone economy is also slowing down.

Data show that the GDP slowdown in the euro area continues.

Surveys show that the global economic turmoil has pushed the euro area into a technical recession, and GDP has declined for two consecutive quarters.

You know, the European Union is our biggest trading partner and a bigger export market than the United States.

The prospect of the euro zone recession is worrying. If the EU and the United States, the two largest external demand markets in China, are "flameout", the result will be unthinkable.

However, we also see some adjustment opportunities favorable to China's textile industry. For example, the relative stability of cotton prices may play a certain role in restoring China's textile economy; the sluggish market demand will eliminate a number of backward productive enterprises and urge enterprises to accelerate technological progress; in order to find a way out for the future, enterprises will return to the road of innovation and technology to guide the market; accelerate the pace of overseas investment and open up new markets.

These factors will have an underestimated impact on China's textile economy.