Textile And Garment Industry: The Development Of Industry Directly Affects The Development Of Foreign Trade.

At present, investment and domestic demand have developed well in the "three carriages" of economic development.

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 a pillar of foreign trade,

The 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 the price of domestic labor is rising, driven by the shortage of external demand.

Export prices have risen, and prices of some products have been higher than those of other Asian exporting countries, such as sweaters and dresses.

Li Yun, an analyst of the textile and apparel industry of the capital securities, said that the textile and garment industry as a pillar of our foreign trade has a certain representativeness. The development and changes of the textile and garment industry directly affect the development of the whole foreign trade. Therefore, it can be understood that besides the impact of the above external demand and the rise of the effective exchange rate of RMB, the rise of domestic production materials and labor costs has also become another factor leading to the export downturn in China.

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.

So

The deterioration of the environment has caused a great negative impact on the export enterprises and has been closely concerned 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 accelerating the pformation of the mode of foreign trade development and encouraging foreign trade enterprises to cultivate more independent intellectual property products and their own brands are crucial to the long-term, stable and healthy development of China's foreign trade.