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    Data Analysis: How Did The Textile Industry Perform In The First Half Of The Year

    2022/8/8 14:00:00 243

    Textile Clothing

    Now, 2022 is more than half of the year, and relevant economic data have also been released. What is the economic trend in the first half of the year? How is the export situation? How does the textile industry perform?


    On July 15, the State Council Information Office held a press conference, Fu Linghui, spokesman of the National Bureau of Statistics and director of the Department of Comprehensive Statistics of National Economy Introduce the operation of the national economy in the first half of 2022.


    Fu Linghui said that since the beginning of this year, the international environment has become more complex and severe. Domestic epidemics have spread frequently, and the adverse effects have increased significantly. Economic development is extremely unusual. Unexpected unexpected factors have brought serious impacts. The downward pressure on the economy in the second quarter has increased significantly.


    But on the whole, a series of solid and stable economic policies have achieved remarkable results. China's economy has overcome the adverse effects of unexpected factors, showing a trend of stabilizing and recovering. In particular, the second quarter saw positive economic growth, stabilizing the economic market, and the results were hard won. However, it should also be noted that the risk of stagflation in the world economy is rising, the policies of major economies tend to tighten, external instability and uncertainties increase significantly, the impact of domestic epidemics has not been completely eliminated, demand contraction and supply shocks are intertwined, structural contradictions and cyclical problems overlap, market entities are still difficult to operate, and the foundation for sustained economic recovery is not stable.


    In the next stage, we should adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully, accurately and comprehensively implement the new development concept, efficiently coordinate epidemic prevention and control and economic and social development in accordance with the requirements of epidemic prevention, economic stability and development security, seize the critical period of economic recovery, and firmly grasp the implementation of a package of economic policies, We will continue to do a good job of "six stabilities" and "six guarantees", continue to increase efficiency and activate the power to add momentum, continue to consolidate the foundation for stable economic recovery, and ensure that the economy operates within a reasonable range.


    China's foreign trade grew rapidly Domestic consumption gradually recovered


    Subsequently, the Ministry of Commerce held a special press conference on July 29, Yang Tao, Deputy Director of the General Department of the Ministry of Commerce The business work and operation in the first half of 2022 were also introduced.


    Foreign trade grew rapidly. In the first half of the year, the import and export of goods reached 19.8 trillion yuan, up 9.4% year on year, and the import and export increased by 4.8% and 13.2% respectively. Among them, the growth rate of import and export fell back to 0.1% in April due to factors that exceeded expectations, and rebounded rapidly in May and June, reaching 9.5% and 14.3% respectively, showing strong development resilience of foreign trade. The import and export to major trade partners grew rapidly, the import and export to the United States, the European Union and ASEAN increased by 11.7%, 7.5% and 10.6% respectively, and the import and export to countries along the "Belt and Road" increased by 17.8%. "Travel" products grew rapidly. The exports of cars, shoes and boots, and luggage increased by 51.1%, 31.4%, and 34.6% respectively, 37.9, 18.2, and 21.4 percentage points higher than the overall export growth.

    Domestic consumption gradually recovered. In the first half of the year, the total retail sales of consumer goods reached 21 trillion yuan, down 0.7% year on year. Among them, the growth rate dropped to - 11.1% in April, narrowed to - 6.7% in May and increased by 3.1% in June due to the obvious impact of the epidemic. New types of consumption achieved rapid development. The development trend of new types of consumption such as live broadcast e-commerce and contactless services is good. In the first half of the year, online retail sales of physical goods increased by 5.6%, accounting for 25.9% of the total. The sales volume of new energy vehicles increased by 1.2 times. Real business has recovered. Retail sales in supermarkets and specialty stores increased by 4.2% and 2.8% respectively, 0.2 and 1.6 percentage points faster than the previous five months. Ensuring stable supply and price is effective. Give full play to the role of the multi provincial joint guarantee and supply mechanism of daily necessities, strengthen market monitoring and early warning, the daily necessities are fully supplied, the market price is basically stable, and the CPI rose by 1.7% in the first half of the year.

    The quality of absorbing foreign capital was improved. In the first half of the year, the actually used foreign capital was 723.31 billion yuan, up 17.4% on a comparable basis. The structure of capital attraction was more optimized. The manufacturing industry and high-tech industry achieved "double improvement", and the actual use of foreign capital in the manufacturing industry increased by 54.8%, accounting for an increase of 5.9 percentage points to 25.4% over the same period last year; The actual use of foreign investment in high-tech industries increased by 33.6%, increasing by 3.8 percentage points to 35.5%.

    Foreign investment cooperation developed steadily. In the first half of the year, foreign non-financial direct investment reached 351.67 billion yuan, up 0.8% year on year (equivalent to 54.24 billion dollars, up 0.6%), and the turnover of foreign contracted projects reached 458 billion yuan, up 4.2%. The "Belt and Road" investment cooperation has been deepening. Direct investment in countries along the "Belt and Road" reached 65.03 billion yuan, up 4.9%. The investment structure was continuously optimized. Investment in wholesale and retail, scientific research and technical services, and manufacturing increased by 21.3%, 15.6%, and 13% respectively.

    Multilateral and regional cooperation continued to deepen. The 12th WTO Ministerial Conference achieved fruitful results. The promotion strategy of the Free Trade Zone was fully implemented. Promote the high-quality implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP) and constantly achieve new results. We will actively promote our accession to the Comprehensive and Progressive Trans Pacific Partnership Agreement (CPTPP) and the Digital Economy Partnership Agreement (DEPA). The China Cambodia Free Trade Agreement and the China New Zealand Free Trade Agreement Upgrade Protocol came into force. The early harvest arrangement of the FTA was reached with Nicaragua. Regional cooperation has yielded positive results. The 12th BRICS Economic and Trade Ministers' Meeting was successfully held. Promote APEC Trade Ministers Meeting to reach consensus.


    Textile and garment export 11.7% year-on-year growth


    According to the statistics of the National Bureau of Statistics, from January to June, the total profits of industrial enterprises above designated size nationwide reached 4270.22 billion yuan, up 1.0% year on year. The manufacturing industry realized a total profit of 3189.31 billion yuan, down 10.4%. Among 41 major industries, the total profit of 16 industries increased year on year, while that of 25 industries declined. Among them, the textile industry decreased by 5.3%, and the textile clothing and apparel industry increased by 4.0%.


    From January to June, among industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 1489.45 billion yuan, up 10.2% year on year; The total profit of joint-stock enterprises was 3197.79 billion yuan, up 6.7%; The total profit of enterprises invested by foreign businessmen, Hong Kong, Macao and Taiwan businessmen was 98.141 billion yuan, down 13.9%; The total profit of private enterprises was 1188.57 billion yuan, down 3.3%. Industrial enterprises above designated size achieved an operating revenue of 65.41 trillion yuan, up 9.1% year on year; The operating cost was 55.29 trillion yuan, up 10.2%; The operating income profit margin was 6.53%, down 0.52 percentage points year on year. The cost of industrial enterprises above designated size per 100 yuan of operating income was 84.52 yuan, up 0.84 yuan year on year; The cost of operating income per hundred yuan was 7.95 yuan, a year-on-year decrease of 0.52 yuan.

    According to the statistics of the General Administration of Customs, the first half of this year National textile and clothing exports reached US $156.49 billion, up 11.7% year on year (10.8% in RMB). Including 76.32 billion US dollars in textile exports RMB, up 11.3% year on year (10.3% in RMB); Clothing exports reached US $80.17 billion, up 12.0% year on year (11.2% in RMB).

    In the first half of this year, China's textile and clothing exports continued to maintain a steady growth on the basis of a high base in 2021, with clothing exports growing particularly rapidly. The main factors supporting export growth are: First, the international market demand is relatively stable. Although the COVID-19 epidemic and external environmental risks increased, the market demand did not decline significantly. Second, domestic production has strong toughness and sufficient potential. Under the positive policy of stabilizing growth, we will ensure adequate supply and provide strong support for export growth. Third, some regions quickly resumed production under the impact of the epidemic, effectively stabilizing the basic foreign trade market. The Yangtze River Delta and the Pearl River Delta overcame the impact of the epidemic, and the growth rate of foreign trade exports turned from negative to positive in the short term, demonstrating the strong momentum of local foreign trade development. In addition, the high price of international bulk commodities has also driven the growth of export value to a certain extent.

    Information source: China News Network, National Development and Reform Commission, China Textile International Capacity Cooperation Enterprise Alliance, China Textile Industry Economic Research Institute

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