Steady Growth Of China's Textile Industry In The First Three Quarters

　 1. In the 1-3 quarter of 2013, China's textile industry grew steadily.

(1) total production growth and growth rate continues to slow down.

1-9 months, regulation Textile enterprises Industrial added value increased by 8.6% compared to the same period last year, and the growth rate dropped 2 percentage points year-on-year. In 1-9, the textile enterprises are classified into chemical fiber, yarn, cloth and so on. clothing Output was 30 million 460 thousand tons, 25 million 760 thousand tons, 49 billion 400 million meters and 19 billion 400 million pieces, up 7.5%, 7.5%, 7.1% and 0.7%, respectively, representing a decrease of 4.5, 5.5, 3.3 and 3.3 percentage points over the same period last year.

(two) export growth is picking up rapidly, and domestic demand growth trend is improving.

In 1-9 months, China's textile and clothing exports totaled 215 billion 300 million US dollars, up 11.7% from the same period last year, and the growth rate was 10.7 percentage points higher than that of the same period last year. Since the beginning of this year, China's exports to ASEAN and other emerging markets have increased rapidly. In 1-9 months, China's textile and clothing exports to ASEAN amounted to US $25 billion 100 million, an increase of 42.7% over the same period last year. ASEAN has become the third largest market for textile and clothing exports in China after the European Union and the United States. In 1-9 months, the retail sales of clothing shoes and hats and needle textiles increased by 12.2% over the same period last year, although the growth rate was 5.6 percentage points lower than that of the same period last year, but it rebounded in the first half of the year.

　 (three) investment is growing steadily, and there is a big gap between investment growth in the central and western regions.

In 1-9 months, the number of new fixed assets investment projects in China's textile industry above 5 million yuan was 11217, an increase of 9% over the same period last year, the growth rate was 15.4 percentage points higher than that of the same period last year; the actual completion amount of fixed assets investment in the industry was 660 billion 400 million yuan, up 17.7% over the same period last year, and the rate of increase was 2.4 percentage points higher than that of the same period last year. Investment in the western region continued to grow rapidly, with investment in 1-9 increased by 31.5% over the same period last year, which is 14.5 percentage points higher than that in the eastern region. However, the growth rate of investment in the central region has slowed down, and the investment in 1-9 months has increased by 15.7% over the same period, the growth rate is 1.3 percentage points lower than that in the eastern region, which is 3.1 percentage points lower than that in the same period last year.

　　 (four) industry efficiency is better than last year, and management efficiency has been improved.

In 1-9 months, the textile business realized the main business revenue of 45586 billion yuan, an increase of 11.7% over the same period last year. The growth rate was 2.4 percentage points higher than that of the same period last year. The total profit was 215 billion 200 million yuan, up 17.4% over the same period last year, up 17 percentage points from the same period last year, and the sales profit margin was 4.7%, which was 0.2 percentage points higher than that of the same period last year. The turnover rate of finished products was 19.5 times a year, an increase of 4.6% compared with the same period last year. The total assets turnover rate was 1.6 times / year, an increase of 1.9% compared with the same period last year; the three fee ratio was 6.1%, down 0.03 percentage points compared with the same period last year; the deficit of loss making enterprises decreased by 4.4% over the same period.

　　 Two, the main problems currently facing

(1) international demand is low and competition pressure is bigger.

Since 2013, Europe and Japan Clothing import Demand decreased year by year, and China's textile industry exports more pressure. In 1-8 months, the total volume of imports and exports of textiles and clothing from the EU decreased by 1.1% compared with the same period last year, and imports from China decreased by 5.9% compared with the same period last year. In 1-8 months, Japan's total imports of textiles and clothing from the world decreased by 1.7% compared with the same period in the United States, and the import from China decreased by 3.9% compared to the same period last year. In 1-8 months, the proportion of textile and clothing exports in EU, US and Japan accounted for 1.9 percentage points, 0.3 percentage points and 1.6 percentage points respectively, compared with the same period last year.

　　 (two) the difference between domestic and foreign cotton prices is large, which affects the competitiveness of textile enterprises.

Since 2013, China's cotton price has been maintained at 19000 yuan / ton under the support of temporary purchase and storage, and the price difference with the international market has been maintained at around 4000 yuan / ton. Affected by the difference between domestic and foreign cotton prices, China's cotton yarn imports increased significantly, 1-9 cotton yarn imports 1 million 570 thousand tons, an increase of 44.2% over the same period last year, has exceeded the import volume of last year. In August, 200 thousand tons of imported cotton yarn were imported. This is the first time that the import of cotton yarn has exceeded 200 thousand tons in a single month. In September, the quantity of imported cotton yarn continued to exceed 200 thousand tons. The difference between the inside and outside cotton price plus the import of a large quantity of cotton yarn makes the operation of small and medium-sized cotton spinning enterprises more difficult.

　 (three) labor prices continue to rise, and the appreciation of the renminbi accelerates.

Since the beginning of this year, the tightening of labor supply in the textile industry still exists and labor prices continue to rise. In the first three quarters, the average per capita income of migrant workers increased by 13% over the same period of the previous year. The annual price of labor in the textile industry is expected to maintain a 10%-15% growth rate. This year, against the backdrop of continued strong US dollar, the RMB against the US dollar still shows a trend of overall appreciation. Since mid September, the appreciation rate of RMB has accelerated. In November 6th, compared with the beginning of the year, the exchange rate appreciated by 2.2%.

It is estimated that the main business income and export of textile industry will increase by more than 10% this year. There will be room for further growth in domestic sales. Combined with the internal and external market situation, it is expected that the production and profit growth of the industry will be basically stable. However, with the improvement of the base number last year, the growth rate may be slightly lower than the previous level.