Financing Is Choking Two Major Factors To Further Overcome The Textile Industry

< p > China Economic Weekly reporter learned from China's a href= "http://http//sjfzxm.com/news/index_f.asp" > textile < /a > Industrial Federation (hereinafter referred to as "China Textile union") that in 2012, the total industrial output value of 37 thousand Textile Enterprises above Designated Size reached 57810 billion yuan, up 12.3% over the same period last year. However, the export of textile and clothing of the whole society increased by only 3.3% over the same period last year, a new low in recent years. < /p >
< p > two factors are again troubling the development of textile enterprises, especially small and medium-sized textile enterprises. First, the difference between domestic cotton prices and international cotton prices caused by the domestic cotton purchase and storage policy has led to a decline in export competitiveness of enterprises. Two, the banking system has tightened the financing policy of the textile industry, resulting in financing difficulties for enterprises. < /p >
< p > "the year of last year is not easy." In January 31st, the economic performance of the textile industry in 2012 and the 2013 development trend press conference, Wang Tiankai, President of the China Textile Industry Federation, made a heavy start. < /p >
< p > 2012, the economic growth rate of the textile industry slowed down and the international market was in a doldrums. From 1 to November, the import volume of textiles in the United States and European Union < a href= "http://http//www.91se91.com/" > clothing < /a > decreased by 0.9% and 5% respectively compared with that of the previous year, and the order of domestic export enterprises was insufficient. < /p >
The Research Report of < p > Fujian textile and garment export base chamber shows that at present, garment enterprises are still going to stock, the overall lack of obvious momentum of recovery and the impetus to the textile industry. Most garment export enterprises reflect that there are few new orders in hand. < /p >
< p > in addition, the Research Report of China Textile Corporation pointed out that domestic and foreign cotton prices continued to widen and were affected by domestic management policies. By the end of 2012, domestic cotton prices had been significantly higher than the international market, which seriously affected the competitiveness of the cotton textile industry chain. From 1 to November, the export volume of China's cotton yarn decreased by 8.9% compared with the same period last year, while the import volume increased by 56.1%. < /p >
Under the influence of P, China's textile industry accounted for a decline in international market share in 2012, while its share in the EU and Japan import markets from 1 to November maintained a high level of 73.2% and 40.1%, but decreased by 1.8 and 1.1 percentage points respectively over the same period last year. < /p >
< p > China Textile Federation reported that the domestic cotton price in 2012 was 5000 yuan / ton higher than the international cotton price, and the competitive advantage of Fujian's cotton related enterprises in the international market was weakened. The two major industries in the textile industry, cotton spinning and chemical fiber, are facing great difficulties and their efficiency has declined significantly. < /p >
< p > however, compared with previous years, there is no big gap in the employment of textile industry in labor-intensive industries. < /p >
< p > Gao Yong, vice president of the China Textile Industry Federation, told China Economic Weekly. "Last year many small and medium-sized enterprises closed down, and the labor force diverted to large enterprises. The situation of shortage of labor in big enterprises eased slightly this year. In addition, with the transfer of the capacity of the textile industry to the central and western regions, especially in the central part of the country, there is a large number of labor force staying in the hometown, so relatively speaking, the employment environment is not so tense now. < /p >
< p > generally speaking, cotton raw materials account for more than 70% of the cost of cotton textiles. Since last year, the international cotton price has dropped sharply, and the domestic cotton price has been lifted by the national reserve price (19 thousand and 800 yuan / ton ~2.14 million yuan / ton). The spot price of the ton market is stable at about 19 thousand and 500 yuan, which is 5000 yuan higher than the international cotton price. < /p >
< p > The Research Report of the Fujian chamber of Commerce for textile and clothing export accounts for an account of the production of 1 tons of cotton yarn at 1.1 tons < a href= "http://http//cailiao.sjfzxm.com/matertial/show/default.aspx" > cotton < /a >. The cost of raw material per ton of yarn is 21 thousand and 500 yuan, and the cost of labor, electricity, depreciation, financial management and material consumption is about 7 thousand yuan, and the cost of the yarn is no less than 28 thousand yuan. The market price is about 26 thousand yuan since last year, which means that the cotton textile enterprise will lose 2000 yuan for producing 1 ton cotton yarn every year. < /p >
< p > a leading cotton textile mill made a profit of 60 million yuan in 2011 and about 22000000 yuan in 2012 because of the cost of cotton price. Three cotton mills of Jinjiang, Jiangxi and Shandong, which were listed by another listed company, all made profits in 2011, and all of them lost money in 2012. Its Jiangxi cotton mill is located in the cotton producing area, making favorable geographical and regional policies, earning about 20000000 yuan in 2011 and losing about 8000000 yuan in 2012. < /p >
< p > Gao Yong introduced that over the past decade or so, the difference between domestic and international cotton prices has always been maintained at 1500 yuan to 2000 yuan per ton. At such a price difference, the domestic textile industry still maintains strong competitiveness. < /p >
< p > but now the difference between domestic and international cotton price is 5000 yuan per ton. "At present, our view is that if the domestic cotton price is raised to about 2000 yuan per ton abroad, we can accept that the textile industry can still maintain considerable competitiveness." < /p >
< p > Gao Yong told the China Economic Weekly reporter that the reason for the gap between domestic and international cotton prices is that in 2010, the domestic cotton price was once as high as 33000 yuan / ton, and the international cotton price also stared at the domestic cotton price. When the domestic cotton price fell from 33000 yuan to hold cotton prices, the state issued a purchase price of 19800 yuan / ton, stabilizing the domestic cotton price. < /p >
< p > but the international cotton price continues to fall, forming a huge difference with China. In order to protect cotton farmers, the government continued to raise the purchase price of cotton to 20400 yuan / ton in second years. < /p >
In order to cope with such a price gap, the Chinese government has increased its procurement efforts in the international market. However, the cotton price of the international market has not been brought up. Instead, the huge inventory and high domestic cotton prices have brought enormous pressure to the textile industry. "P" < /p >
< p > Wang Tiankai said that the problem of cotton price difference actually reflects the incomplete market economy. The former is the planned economy, and the latter's participation in market competition is the behavior of market economy. < /p >
< p > "in order to solve the predicament of domestic and international cotton prices hanging upside down to enterprises, I know that the policy of the government departments is to throw away the reserves and to throw 3 million tons at the price of 19000 yuan / ton. In fact, the price of such dumping is actually subsidised by the government, and how much depends on the government's affordability in the future." Gao Yong told reporters. < /p > < p > "we always have difficulty in financing." Gao Wen was a little excited when he told the China Economic Weekly reporter about the financing situation of textile enterprises. < /p >
< p > in fact, in the first quarter of 2012, the financing difficulty of the textile enterprises has been very serious. The textile industry accounted for 99% of the small and medium-sized enterprises, and the highest density in all domestic industries. < /p >
< p > Sun Huaibin, spokesman of the China Textile Industry Federation, said that the interest rate of loans in the textile industry was serious, and the interest rate rose more than 34% in the first quarter of 2012. < /p >
< p > a reporter interviewed several textile listed companies' annual reports and found that their interest payable was higher, indicating high financing costs. < /p >
The reason why P is so excited is that banks always regard the textile industry as a "potentially risky industry". "At the beginning of this year and the end of last year, the state-owned banks listed the industry that controlled loans and restricted loans in 2013, and still put textile in the industry that restricted loans. We think this is very unfair." Gao Yong said. < /p >
< p > Gao Yong thinks that some industries are losing money in the whole industry, and some industries have a large capacity in the whole industry. The banks are reasonable in limiting the loan industry. However, despite the bad external environment, the overall profitability of the textile industry is still at the forefront of the whole manufacturing industry. < /p >
< p > "it is not normal to put the textile industry in the industry of restricting loans." Gao Yong told China Economic Weekly that he had raised the problem of financing difficulties in the textile industry at a meeting of the State Council, but the level of the CBRC has never been solved. < /p >
< p > he suggested that under the current financing difficulties, textile enterprises, especially small and medium-sized enterprises, should reduce their dependence on financial institutions and increase their capital turnover and return. < /p >