There Are Many "Negative Growth" In The Textile Industry.

The eastern region and the cotton spinning and silk industry showed negative investment growth, negative economic growth, the first negative growth in corporate profits, the first negative growth in the number of employees, and the statistics of the textile industry in 2008.

Reporter learned from some statistical reports which have just been completed by the statistical center of China Textile Industry Association: in 2008, China's textile industry appeared a number of "negative growth" data: in 1-11, industry investment fell to a low level for many years, and the eastern region's investment appeared a negative growth rate of 27. 27%, of which, the investment of cotton spinning and silk industry was in the negative interval; the total profit of textile industry above scale was 104 billion 200 million yuan, the growth rate was - 1. 7%; the profit of the textile industry dropped seriously, and even showed the first negative growth since 2003; more obviously, the total industry employment decreased by 135 thousand and 600 people, with a negative growth rate of - 1. 24%.

In spite of the fact that the growth rate has maintained a growth trend, the growth rate of most of the category products has declined significantly. The output of most of the category products has declined sharply. The output value of chemical fiber, yarn, cloth and clothing has maintained a single digit growth rate. The output value has increased by 14.33% percentage points, and the sales value has increased by 14.64% percentage points by 7061 percentage points. The total volume of exports has increased by 7.82% over the same period, but the growth rate has dropped by 12.25 percentage points. The export to the United States is 24 billion 959 million dollars, up only 1.47% percent from the same period last year, and the growth rate dropped by 18.48 percentage points. In terms of consumption, the sales growth rate of needle textiles and clothing products was lower than that of the total retail sales. The sales growth of clothing products decreased by 3.95 percentage points compared with that of the total retail sales in 2007, and the growth rate of product prices dropped by 7.3 percentage points over the previous year. The growth rate of product prices dropped by 8.2 percentage points.

What is more noteworthy is that in 2008 1-11, the loss of China's textile industry reached 22 billion 750 million yuan, an increase of 99.85% over the same period last year.

In terms of industries, chemical fiber and textile machinery enterprises are most serious, with the growth rate of losses rising by 282.59% and 221.56% respectively.

But on the other hand, the textile industry also showed some positive changes last year: investment in the central and western regions increased significantly by 31.99% and 32.60% respectively, indicating a good momentum of investment shifting to the central and western regions. In terms of exports, the textile industry showed a marked "resilience", with an export value of US $64 billion 513 million, an increase of 16.83% over the previous year, especially in the European market. The growth rate increased by 37.74 percentage points. In terms of consumption, the proportion of domestic sales rose further, and the output value reached 2 trillion and 367 billion 941 million yuan, accounting for 76.74%% of sales value, accounting for 1.93 percentage points.

Editor in chief: Hao Ling