"2016 Imported Yarn Forum" Held In Hangzhou, Zhejiang

"2016 imported yarn forum" was held in Hangzhou, Zhejiang. Wang Qingcui, vice president of China Cotton Textile Industry Association, Fan Zhihong, director of planning and Development Department of Xinjiang textile industry management office, Huang Weiji, Secretary General of Taiwan Textile Development Association, UjwalR.Lahoti, vice chairman of India Cotton Textile Export Promotion Committee (TEXPROCIL), chairman of NguyenVanTuan of Vietnam Cotton Textile Association, AhmedEllahi of AALEATHERLTD general manager of Pakistan, Sheffi, general manager of TirupatiYarns, general manager DharmendraGoyal, etc., attended the forum.

　　 RMB exchange rate How to change?

The change of RMB exchange rate has a great impact on import and export. What is the trend of RMB exchange rate in the near future?

Xiao Lisheng, deputy director of the International Financial Research Institute of the Institute of world economics and politics of the Chinese Academy of Social Sciences, analyzed and predicted the trend of RMB exchange rate in this forum. He believes that the RMB exchange rate has the characteristics of phased devaluation, there is overshoot risk in the short term, but there is still room for appreciation in the medium and long term. From the perspective of China's foreign exchange market entry rules, the demand for foreign exchange market and the share of China's foreign trade, the RMB exchange rate has a stable base in the medium and long term. Reference to the exchange rate fluctuations of a basket of currencies is of great significance for predicting the change of the RMB exchange rate. If the euro fluctuates between the US dollar and the 1.05~1.0, then the exchange rate between the RMB and the US dollar will fluctuate between 6.5~6.9.

For the future direction of RMB exchange rate reform, Xiao Lisheng believes that the first is to strengthen capital controls to avoid speculation in offshore markets, resulting in excessive fluctuations in exchange rates. Second, we should gradually withdraw from foreign exchange market intervention with reference to a basket of exchange rates. Third, we should do well in crisis preparedness and guide market expectations. It is unlikely that the exchange rate will be released once and for all, and exchange rate volatility will continue to rise.

　　 Xinjiang Why is textile investment so hot?

In recent years, the investment in Xinjiang's textile industry has been decreasing. The development of Xinjiang cotton textile industry has attracted close attention. Fan Zhihong, director of the planning and Development Department of Xinjiang textile industry management office, introduced the development of Xinjiang cotton textile industry in detail from the aspects of cotton spinning new investment capacity, cotton policy guidance, planning objectives, industrial layout, departmental distribution and so on. In 2016, the development goal of Xinjiang's textile and garment industry was to achieve 45 billion 500 million yuan in fixed assets investment, 110 thousand new jobs, 300 enterprises above Designated Size, and 30% increase in industrial added value. This year 1~4 month Xinjiang cotton yarn production 257 thousand and 200 tons, an increase of 74.2%; cotton cloth output 24 million 470 thousand and 500 meters, an increase of 70.9%; textile and garment industry fixed assets investment of 5 billion 760 million yuan, an increase of 300.4%. The total number of textile and garment enterprises in Xinjiang reached 1549, and the total number of employment was 312 thousand.

According to Fan Zhihong, Xinjiang's textile and garment industry enjoys ten major policies, including capital, taxes, low electricity prices, freight, cotton, training, social security, printing and dyeing wastewater treatment, southern Xinjiang support and financial support. In 2016, eight new preferential measures were implemented. Under the current policy superposition, the production and operation cost of enterprises in Xinjiang should be saved by more than 10%.

Fan Zhihong also said that Xinjiang's textile and garment industry will adhere to sustainable development, formulate strict requirements for undertaking related equipment requirements for textile industry spanfer, and prohibit the elimination of backward production equipment.

　　 How to upgrade China's cotton textile industry Competitive power ?

In recent years, China's cotton textile industry boom index is in the 45~50 interval, and the industry is running short. According to Wang Qingcui, vice president of China Cotton Textile Industry Association, with the acceleration of spanformation and upgrading of enterprises, adjusting products to adapt to the market, the fourth quarter of last year, the operation of enterprises has stabilized, and the prosperity index has risen slightly.

According to Wang Qingcui analysis, with the improvement of environmental management requirements and the cost and quality of cotton, the arrival of the high cost era of yarn production is inevitable. However, China's cotton textile industry has a complete industrial system and industrial chain, and there will be great potential for domestic demand market in the future. It is expected that as the national economic growth rate continues to slow down, the industry will maintain a low growth rate. The output of products has dropped down rationally, the adjustment of product structure has been speeded up, and the task of upgrading and upgrading technology is arduous. High quality cotton supply gap, cotton new policy will be clear; import yarn growth slowed down, domestic cotton consumption or upgrade; foreign trade in the short term is difficult to warm up, international trade competition will be more intense.

Wang Qingcui pointed out that in the context of the supply side reform, the adjustment and innovation of cotton textile enterprises focused on 5 aspects: first, improving the quality of products, increasing product varieties, providing effective supply; second, developing production towards digitalization, continuity and intellectualization; third, enhancing the innovative development capability of non cotton fibers; fourth, integrating the upstream and downstream industries, and coordinating the two markets in the world; fifth, improving the quality of domestic cotton and solving the structural contradiction between supply and demand.