Data: China'S GDP Exceeded 100 Trillion For The First Time, And Textile Exports Increased By Nearly 30% Year On Year

In 2020, in the face of the severe and complex domestic and international environment, especially the severe impact of the new crown pneumonia epidemic, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as the core, all regions and departments adhere to the general keynote of seeking progress in stability, coordinate the work of epidemic prevention and control and economic and social development, do a solid job in the "six stability" work, comprehensively implement the "six guarantees" task, and stabilize the economic operation, Employment and people's livelihood are well protected, and the main objectives and tasks of economic and social development are better than expected.

According to preliminary calculation, the annual GDP was 101598.6 billion yuan, an increase of 2.3% over the previous year in terms of comparable prices. In terms of quarters, the first quarter decreased by 6.8%, the second quarter increased by 3.2%, the third quarter increased by 4.9%, and the fourth quarter increased by 6.5%. In terms of industries, the added value of the primary industry was 7775.4 billion yuan, an increase of 3.0% over the previous year; the added value of the secondary industry was 38425.5 billion yuan, an increase of 2.6%; the added value of the tertiary industry was 55397.7 billion yuan, an increase of 2.1%.

1. Sustained development of industrial production, rapid growth of high-tech manufacturing industry and equipment manufacturing industry

The added value of industries above designated size increased by 2.8% over the previous year. In terms of economic types, the added value of state-owned holding enterprises increased by 2.2%, joint-stock enterprises increased by 3.0%, foreign-funded enterprises and enterprises invested by Hong Kong, Macao and Taiwan increased by 2.4%, and private enterprises increased by 3.7%. In terms of the three major categories, the added value of the mining industry increased by 0.5%, the manufacturing industry by 3.4%, and the power, heat, gas and water production and supply industries increased by 2.0%. The added value of high-tech manufacturing industry and equipment manufacturing industry increased by 7.1% and 6.6% respectively over the previous year, and the growth rate was 4.3 and 3.8 percentage points faster than that of industries above designated size. In terms of product output, industrial robots, new energy vehicles, integrated circuits, and microcomputer equipment increased by 19.1%, 17.3%, 16.2% and 12.7% respectively over the same period of last year. In the fourth quarter, the added value of industries above designated size increased by 7.1% year on year, 1.3 percentage points faster than that in the third quarter. In December, the added value of industries above designated size increased by 7.3% year-on-year, 0.3 percentage points faster than the previous month, and 1.10% month on month. In 2020, China's industrial capacity utilization rate will be 74.5%. In the fourth quarter, China's industrial capacity utilization rate was 78.0%, 1.3 percentage points higher than that in the third quarter.

From January to November, the total profits of Industrial Enterprises above Designated Size in China reached 5744.5 billion yuan, a year-on-year increase of 2.4%, 1.7 percentage points faster than that from January to October; in November, the total profits of Industrial Enterprises above designated scale increased by 15.5% year-on-year, maintaining double-digit growth for six consecutive months.

Textile situation

According to the data of the National Bureau of statistics, from January to November 2020, the industrial added value of textile enterprises above Designated Size in China decreased by 3.1%, the operating income decreased by 9.7%, the total profit decreased by 8.6%, and the completed fixed assets investment decreased by about 18%. Among the major categories of products, only non-woven products increased significantly, with a year-on-year growth of 14.4% from January to November; the output of chemical fiber entered the fourth quarter with a slight positive growth, while the output of other products decreased compared with the same period of last year.

From January to November, the growth rate of industrial added value of Enterprises above designated size increased by 13.4%, 3.6% and 1.5% respectively compared with the first quarter, the first half of this year and the first three quarters; the sales profit margin of Enterprises above designated size was 4.3% from January to November, which was not only significantly improved from the level of 2.2% at the end of February, but also increased by 0.1% compared with the same period of last year.

Driven by epidemic prevention materials, the industrial textile industry has maintained a good economic situation. From January to November, the industrial added value increased by 56.4% year-on-year, and the total profit increased by 218.6%. The scale of production and profit of home textile industry has exceeded the level of the same period of last year. From January to November, the industrial added value and total profit increased by 0.3% and 21.7% respectively.

Second, the service industry is gradually recovering, and the modern service industry is growing well

The national service industry production index was the same as that of the previous year. The added value of the financial industry increased by 16.9% and 7.0% respectively in the information transmission, software and information technology service industries, which were 14.8% and 4.9% faster than those of the tertiary industry. In the fourth quarter, the service industry production index increased by 7.7% year-on-year, 3.4 percentage points faster than that in the third quarter. In December, the service industry production index increased by 7.7% year-on-year. From January to November, the business income of service enterprises above designated size increased by 1.6% year on year. Among them, the business income of information transmission, software and information technology service industry, scientific research and technology service industry increased by 13.5% and 9.9% respectively, faster than that of service industry above scale by 11.9% and 8.3%.

In December, the business activity index of the service industry was 54.8%, which was in a relatively high boom range. Among them, the business activity index of air transport, telecommunications, radio and television satellite transmission services, monetary and financial services, capital market services and other industries continued to be in the high boom range of more than 60.0%. From the perspective of market expectation, the expected index of service business activity is 60.1%, which has been in the high boom range for six consecutive months.

3. The market sales recovered rapidly, and the sales growth rate of consumption upgrading products accelerated

The total retail sales of consumer goods totaled 391981.1 billion yuan, down 3.9% over the previous year. Among them, the retail sales of consumer goods per unit above the quota reached 1433.23 billion yuan, down 1.9%. According to the location of business units, the retail sales of consumer goods in urban areas decreased by 4.0% to 33911.9 billion yuan, while that of rural consumer goods decreased by 3.2% to 5286.2 billion yuan. According to consumption types, catering revenue was 3952.7 billion yuan, down 16.6%; retail sales was 35245.3 billion yuan, down 2.3%. In the fourth quarter, the retail sales of communication equipment, cosmetics, gold, silver and jewelry goods of units above the quota increased by 26.0%, 21.2% and 17.3% respectively year-on-year, 16.0, 7.1 and 5.0 percentage points higher than those in the third quarter. In the fourth quarter, the total retail sales of consumer goods increased by 4.6% year on year, 3.7 percentage points faster than that in the third quarter. In December, the total retail sales of consumer goods increased by 4.6% year-on-year and 1.24% month on month. The national online retail sales totaled 11760.1 billion yuan, an increase of 10.9% over the previous year. Among them, the online retail sales of physical goods reached 9759 billion yuan, an increase of 14.8%, accounting for 24.9% of the total retail sales of consumer goods, an increase of 4.2 percentage points over the previous year.

Textile situation

According to the data of the National Bureau of statistics, the year-on-year decrease in retail sales of clothing, shoes, hats, needles and textiles of units above the national quota gradually narrowed from more than 30% at the beginning of the year to 7.9% from January to November. After August, the retail sales of clothing, shoes, hats, needles and textiles have maintained a positive growth. From January to November, the retail scale of online wear goods increased by 5.9% year on year.

4. Investment in fixed assets has risen steadily, and investment in high-tech industries and social fields has grown rapidly

In the whole year, the investment in fixed assets (excluding farmers) reached 518907 billion yuan, an increase of 2.9% over the previous year. In terms of sectors, infrastructure investment increased by 0.9%, manufacturing investment decreased by 2.2%, and real estate development investment increased by 7.0%. The sales area of commercial housing nationwide was 1760860000 square meters, an increase of 2.6%; the sales volume of commercial housing was 17361.3 billion yuan, an increase of 8.7%. The growth rate of investment in the three industries turned positive, including 19.5% in the primary industry, 0.1% in the secondary industry and 3.6% in the tertiary industry. Private investment reached 28926.4 billion yuan, an increase of 1.0%. The investment in high-tech industries increased by 10.6%, 7.7 percentage points faster than the total investment. The investment in high-tech manufacturing and high-tech service industries increased by 11.5% and 9.1% respectively. In high-tech manufacturing industry, investment in pharmaceutical manufacturing, computer and office equipment manufacturing increased by 28.4% and 22.4% respectively; in high-tech service industry, investment in e-commerce service industry and information service industry increased by 20.2% and 15.2% respectively. Investment in the social sector increased by 11.9%, 9.0 percentage points faster than the total investment, of which the investment in health and education increased by 29.9% and 12.3% respectively. In December, fixed assets investment increased by 2.32% month on month.

5. Positive growth of foreign trade and continuous optimization of trade structure

The total import and export of goods totaled 32155.7 billion yuan, an increase of 1.9% over the previous year. Among them, exports were 17932.6 billion yuan, an increase of 4.0%; imports were 14223.1 billion yuan, down 0.7%. The balance between imports and exports was 3709.6 billion yuan. The export of mechanical and electrical products increased by 6%, accounting for 59.4% of the total exports, an increase of 1.1 percentage points over the previous year. The proportion of general trade import and export accounted for 59.9% of the total import and export, an increase of 0.9 percentage points over the previous year. The import and export of private enterprises increased by 11.1%, accounting for 46.6% of the total import and export, an increase of 3.9 percentage points over the previous year. In December, the total import and export volume of goods was 3200.5 billion yuan, up 5.9% year on year. Among them, exports were 1858.7 billion yuan, an increase of 10.9%; imports were 1341.9 billion yuan, down 0.2%. The trade surplus was 516.8 billion yuan.

Textile situation

Textile exports increased nearly 30% year on year

According to the customs statistics, the total export volume of China's textiles and clothing will reach 291.22 billion US dollars in 2020, with a year-on-year growth of 9.6%. The export scale is close to the historical best level set by the industry in 2014. Among them, masks, protective clothing and other anti epidemic materials play an important role in the export, accounting for about 25% of the total export volume of the industry, which makes the export structure of the textile industry change. For the first time, the export volume of textiles exceeds that of clothing, accounting for 52.8% of the total export.

Among them, textile exports amounted to 153.84 billion US dollars, with a year-on-year increase of 29.2% (in terms of RMB, a year-on-year growth of 30.4%); and clothing exports of US $13.78 billion, a year-on-year decrease of 6.4% (in terms of RMB, a year-on-year decrease of 6.0%).

In 2020, the outbreak of new crown pneumonia in the world, Europe and the United States and other developed economies for epidemic prevention materials procurement demand surge, China took the lead in the full resumption of production, played the role of the largest supplier of anti epidemic materials, as far as possible to provide and export epidemic prevention materials to more than 200 countries and regions around the world, including masks, textiles become an important support for China's export trade. According to the statistics of the customs, from March to the end of 2020, China's Customs released 438.5 billion yuan of major epidemic prevention and control materials, including 224.2 billion masks worth 340 billion yuan.

The industry's share of major overseas import markets increased

In 2020, China's textile and clothing market share in Europe, America, Japan and other major overseas import markets will increase, especially the proportion of textile exports in overseas markets will increase by about 10-30%.

According to the data of the textile and clothing office of the U.S. Department of Commerce, from January to November 2020, the United States imported US $44.09 billion of textiles and clothing, a year-on-year increase of 9.2%. China's share of the US textile and clothing import market increased by 5.1 percentage points to 39.6% compared with that in 2019. Among them, the proportion of textiles increased from 43.7% in 2019 to 56.1% at present.

According to Eurostat, in the first three quarters of 2020, China exported 20.22 billion euro of textiles and clothing to the European Union, an increase of 45.7% year-on-year. China accounted for 44.8% of the EU textile and clothing import market, an increase of 12.2 percentage points over the previous year. Among them, the proportion of textiles rose to 65.8%, and that of clothing increased by 4.4 percentage points to 35.5%.

According to the statistics of Japanese customs, from January to November 2020, China accounted for 58.6% of Japan's textile and clothing products imported from the world, an increase of 3.2 percentage points over the previous year. Among them, the proportion of textiles increased from 53.5% in 2019 to 68.6%.

6. The rise of consumer price fell down and the price of industrial producers fell

Consumer prices rose by 2.5% in the whole year, lower than the 2.9% increase in the previous year, and also lower than the annual target of about 3.5%. Among them, the increase was 2.3% in urban areas and 3.0% in rural areas. By category, the prices of food, tobacco and alcohol rose by 8.3%, clothing by 0.2%, housing by 0.4%, daily necessities and services flat, transportation and communications by 3.5%, education, culture and entertainment by 1.3%, health care by 1.8%, and other supplies and services by 4.3%. Among the prices of food, tobacco and wine, the prices of grain, fresh vegetables and pork increased by 1.2%, 7.1% and 49.7%, respectively. Excluding food and energy prices, the core CPI rose 0.8%. In December, consumer prices rose 0.2% year-on-year and 0.7% month on month. The factory price of industrial producers in the whole year decreased by 1.8% compared with that of the previous year. In December, it decreased by 0.4% year-on-year and rose by 1.1% month on month. In the whole year, the purchase price of industrial producers decreased by 2.3% compared with that of the previous year, and remained unchanged in December, with a month on month increase of 1.5%.

7. The overall employment situation is stable, and the unemployment rate in urban survey has dropped to the level of last year

In the whole year, 11.86 million new urban jobs were created, which was significantly higher than the expected target of more than 9 million people, achieving 131.8% of the annual target. In December, the unemployment rate of the national urban survey was 5.2%, which was the same as that of the same period of last year; among them, the unemployment rate of population aged 25-59 was 4.7%, which was the same as that of the same period of last year. In 2020, the average annual urban unemployment rate will be 5.6%, lower than the expected target of about 6%. In December, the unemployment rate in 31 big cities was 5.1%. By the end of 2020, the registered urban unemployment rate will be 4.24%, lower than the expected target of 5.5%. The total number of migrant workers in the whole year was 285.6 million, a decrease of 5.17 million or 1.8% over the previous year. Among them, there were 116.01 million local migrant workers, down 0.4%, and 169.59 million migrant workers, down 2.7%. The average monthly income of migrant workers was 4072 yuan, an increase of 2.8% over the previous year.

8. The growth of residents' income basically keeps pace with economic growth, and the per capita income ratio of urban and rural residents continues to shrink

In the whole year, the per capita disposable income of the whole country was 32189 yuan, a nominal increase of 4.7% over the previous year, and an actual increase of 2.1% after deducting the price factor, basically keeping pace with the economic growth. In terms of permanent residence, the per capita disposable income of urban residents was 43834 yuan, a nominal increase of 3.5% over the previous year, and an actual increase of 1.2% after deducting the price factor; the per capita disposable income of rural residents was 17131 yuan, an increase of 6.9% over the previous year, and an actual increase of 3.8% after deducting the price factor. The per capita income ratio of urban and rural residents was 2.56, 0.08 less than that of the previous year. The median per capita disposable income of Chinese residents was 27540 yuan, a nominal increase of 3.8% over the previous year. According to the five equal income groups, the per capita disposable income of the low-income group is 7869 yuan, that of the lower middle income group is 16443 yuan, that of the middle income group is 26249 yuan, that of the upper middle income group is 41172 yuan, and that of the high-income group is 80294 yuan.

The per capita consumption expenditure of the whole country was 21210 yuan, 1.6% lower than the previous year in nominal terms, and 4.0% in real terms after deducting price factors. In terms of permanent residence, the per capita consumption expenditure of urban residents was 27007 yuan, a nominal decrease of 3.8%; that of rural residents was 13713 yuan, a nominal increase of 2.9%.

On the whole, in 2020, the operation of the national economy will recover steadily, employment and people's livelihood will be stabilized, the decisive victory of poverty alleviation will be achieved, the 13th five year plan will be completed successfully, and the victory of building a moderately prosperous society in an all-round way is in sight. At the same time, it should be noted that there are many uncertainties in the changes of the epidemic situation and the external environment, and the foundation of China's economic recovery is still not solid. The next step is to take Xi Jinping's thought of socialism with Chinese characteristics for a new era as the guidance, comprehensively implement the spirit of the Fifth Plenary Session of the 19th CPC Central Committee and the central economic work conference, adhere to the general keynote of seeking progress while maintaining stability, implement the new development concept, build a new development pattern, unswervingly deepen reform, opening up and innovation, consolidate and expand epidemic prevention and control and economic and social development We should display the achievements, do a solid job in the "six stabilities" work, comprehensively implement the "six guarantees" task, scientifically and accurately implement the macro policies, strive to keep the economic operation in a reasonable range, and ensure that the "14th five year plan" starts a good start.