China'S Textile Industry Began To Pick Up Slowly In The First Quarter.

MIIT: operation of textile industry in the first quarter

Since 2015, China's textile industry has actively responded to the adverse effects of weak market demand growth, the existence of domestic and foreign cotton price differentials, and continuous rising manufacturing costs. It has taken the initiative to speed up industrial restructuring and make steady progress in the development of the industry.

1. Steady growth in production and increase in some products.

According to the National Bureau of statistics, in 1-3 months, the industrial added value of textile enterprises above designated size increased by 6.7% over the same period last year, and the rate of increase was 0.3 percentage points higher than the national industrial average level.

The yarn production of textile enterprises above Designated Size reached 8 million 640 thousand tons, an increase of 4.1% over the same period last year, and the growth rate dropped by 2.2 percentage points over the same period last year. The output of chemical fiber was 10 million 830 thousand tons, an increase of 11.9% over the same period last year, and the increase was 7.1 percentage points higher than that of the same period last year.

The output was 15 billion 400 million meters and 6 billion 600 million pieces respectively, up 4.1% and 3.9% respectively compared with the same period last year, and the growth rate increased by 1.4 and 0.9 percentage points respectively over the same period last year.

Two, the growth rate of investment has picked up, and the number of new projects has increased rapidly.

According to the National Bureau of statistics, in 1-3 months, the completion amount of fixed assets investment in the textile industry over 5 million yuan was 178 billion 500 million yuan, an increase of 15.4% over the same period last year, and the rate of increase was 2.6 percentage points higher than that of the same period last year.

The number of new investment projects in the industry showed a growth trend, an increase of 10.4% over the same period last year, and the increase was 18.4 percentage points higher than that of the same period last year.

From the sub regional perspective, investment in the eastern and central regions has increased significantly and investment in the western region has increased by a small margin.

The growth rate of investment in the eastern and central regions is as high as 15.4% and 20% respectively, and the investment growth rate in the western region is only 0.1%.

Three, exports have maintained growth, and exports to major markets have declined.

According to the national customs data, 1-3 months, our country

Clothing exports totaled $61 billion 400 million, an increase of 3.1% over the same period last year, while the growth rate increased by 2.6 percentage points over the same period last year, but 16.8 percentage points lower than the 1-2 month growth rate.

Textile exports amounted to $25 billion 300 million, an increase of 4.3% over the previous year, and clothing exports of $36 billion 200 million, an increase of 2.2% over the same period last year.

In 1-3 months, China's total exports of textiles and clothing to the European Union (the largest market for textile and garment exports) decreased by 0.3% compared with the same period last year. The growth rate dropped by 10.3 percentage points over the same period last year. China's total exports of textiles and clothing to Japan (the fourth largest market for textile and garment exports) decreased by 10% compared with the same period last year, and the growth rate dropped by 2.9 percentage points over the same period last year.

Four, steady growth in profits and profitability.

According to the National Bureau of statistics, 1-3 months,

According to the regulation, the total revenue of the main business was 14526 billion yuan, an increase of 5.6% over the same period last year. The total profit was 71 billion 400 million yuan, an increase of 11.3% over the same period last year.

The sales profit margin of textile enterprises in China is 4.9%, an increase of 0.3 percentage points over the same period last year.

The total loss of deficit enterprises decreased by 4.9% compared to the same period last year, and the growth rate dropped by 20.4 percentage points over the same period last year.

From the above data, we can see that after the low speed adjustment in 2014, the textile industry has begun to pick up slowly this year.