The Development Of Textile And Garment Industry Has A Direct Impact On The Development Of Foreign Trade.

At present, in the "three carriages" of economic development,

And domestic demand have been well developed.

However, due to the international market downturn and the rapid appreciation of the RMB effective exchange rate, China's exports have become difficult and become the main factor of dragging down the economy.

As the pillar of the foreign trade industry, the textile industry is also implicated and representative, and the export situation is more severe.

In addition to the above factors, the pressure of rising production and labor costs has made domestic export enterprises miserable.

At present, the disclosure of the middle-aged newspaper of the listed company is coming to an end. The published midday report shows that the textile industry is also implicated in the weak global economy, and the export situation is more severe.

According to the interim results of the capital stock tracking company, the performance of the key listed companies of the textile sector declined significantly. The income index of these listed companies decreased by 5.8%, 9.56%, 0.84% and 3.72% respectively, while the net profit index decreased by 38%, 25%, 78% and 72% respectively. The net interest rates decreased by 6.73%, 1.42%, 3.06% and 3.06% respectively.

Analysts generally believe that, due to the shortage of external demand, the price of domestic labor elements has been rising, driving up the price of clothing exports, and the prices of some products are higher than those of other Asian exporting countries, such as sweaters and dresses.

Li Yun, an analyst of the textile and garment industry of national capital securities, said

As a pillar of our foreign trade, the industry has a certain representativeness. The development and changes of the textile and garment industry directly affect the development of the entire foreign trade. Therefore, it can be understood that besides the shortage of the above external demand and the rise of the effective exchange rate of RMB, the impact on China's export enterprises is also increasing. The rise of domestic means of production and labor costs has also become another factor leading to the downturn of China's exports.

It is worth noting that recently, a survey of 239 Chinese export enterprises showed that over 60% of export enterprises said that if the RMB exchange rate against the US dollar appreciated by 2% or above, it would have a negative impact on its exports.

In addition, the impact of the economic downturn on the labor market is direct. Recently, the large-scale layoffs of electrical appliances and BYD have aroused strong social concern, and it is not difficult to find out the downsizing information from the listed companies. The phenomenon of attrition is particularly evident in household appliances, textile, iron and steel, automobile and other industries, and the foreign trade export industry has obviously become the worst hit by layoffs.

It can be seen that the deterioration of the export market environment has caused a great negative impact on export enterprises and has been closely watched by the government authorities.

Premier Wen Jiabao recently pointed out in Guangdong that the current problems and difficulties in the import and export trade should be highly valued, and measures should be taken to promote steady growth of exports so as to provide favorable conditions for the realization of the annual economic development goals.

In this regard, analysts believe that the key period, short-term foreign trade policy will play an important role in promoting foreign trade stability.

But in the medium to long term, promoting the upgrading of foreign trade industry, optimizing the structure of foreign trade, improving the quality of export products and increasing the added value of products will contribute to the steady growth of China's foreign trade.

Some experts also pointed out that we should accelerate the pformation of the development mode of foreign trade and encourage it.

To cultivate more independent intellectual property products and independent brands is very important for China's long-term, stable and healthy development of foreign trade.