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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 98

    Textile And Clothing

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


    On July 15, the Information Office of the State Council held a press conference, Fu Hui, director general of the National Bureau of Statistics This paper introduces 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 epidemic outbreaks have spread frequently, and the adverse effects have been significantly increased. The economic development is extremely unusual. Unexpected factors beyond expectations have brought serious impacts, and 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 overcame the adverse effects of factors beyond expectations and showed a trend of stabilizing and rebounding. In particular, positive economic growth was achieved in the second quarter and the economic market was stabilized. The achievements were hard won. However, it should also be noted that the risk of stagflation in the world economy is on the rise, the policies of major economies tend to be tightened, external instability and uncertainty factors have increased significantly, the impact of domestic epidemic situation has not been completely eliminated, demand contraction and supply shocks are intertwined, structural contradictions and cyclical problems are superimposed, the operation of market entities is still difficult, and the foundation for sustained economic recovery is not stable.


    In the next stage, we should adhere to the guidance of Xi Jinping's thought of socialism with Chinese characteristics for a new era, fully, accurately and comprehensively implement the new development concept. In accordance with the requirements of epidemic prevention, stable economy and safe development, we should effectively coordinate epidemic prevention and control and economic and social development, grasp 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 in the work of "six stabilities" and "six guarantees", continue to increase efficiency, activate forces and add impetus, and constantly consolidate the foundation for economic stability and recovery, so as to ensure that the economic operation is 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 general of the General Department of the Ministry of Commerce It also introduces the business work and operation in the first half of 2022.


    Foreign trade grew rapidly. In the first half of the year, the import and export of goods reached 19.8 trillion yuan, an increase of 9.4% over the same period of last year, and the import and export increased by 4.8% and 13.2% respectively. Among them, the growth rate of import and export fell to 0.1% in April due to factors beyond expectations, and rebounded rapidly in May and June, reaching 9.5% and 14.3% respectively, showing strong development toughness of foreign trade. Imports and exports to the United States, the European Union and ASEAN increased by 11.7%, 7.5% and 10.6% respectively, and to the countries along the belt and road initiative by 17.8%. The "travel" products grew rapidly. The export of automobiles, shoes and boots, and luggage increased by 51.1%, 31.4% and 34.6%, respectively, which were 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 impact of the epidemic was obvious in April, with the growth rate falling to - 11.1%, the decline rate narrowed to - 6.7% in May, and increased by 3.1% in June. New consumption has developed rapidly. In the first half of the year, online retail sales of physical goods increased by 5.6%, accounting for 25.9% of social zero. Sales of new energy vehicles increased by 2.1 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 higher than those in the previous five months. It is effective to guarantee supply and price. We gave full play to the role of multi provincial joint guarantee and supply mechanism for daily necessities, and strengthened market monitoring and early warning. The supply of daily necessities was sufficient and the market price was basically stable. CPI rose by 1.7% in the first half of the year.

    The quality of absorbing foreign capital has been improved. In the first half of the year, the actual use of foreign capital was 723.31 billion yuan, an increase of 17.4% according to the comparable standard. The structure of attracting capital has been further optimized. The manufacturing industry and high-tech industry have achieved "double promotion". 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% compared with the same period last year; The actual use of foreign capital in high-tech industries increased by 33.6%, accounting for an increase of 3.8 percentage points to 35.5%.

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

    Multilateral regional cooperation has been deepened. The 12th WTO Ministerial Conference has achieved fruitful results. The strategy of promoting the free trade zone has been fully implemented. New achievements have been made in promoting the high-quality implementation of regional comprehensive economic partnership agreement (RCEP). Actively promote the accession to the comprehensive and progressive trans Pacific Partnership Agreement (cptpp) and digital economy partnership agreement (depa). China Cambodia FTA and China New Zealand FTA upgrade protocol have come into force. An early harvest agreement was reached with Nicaragua. Regional cooperation has achieved positive results. The 12th BRICs economic and trade ministers' meeting was successfully held. Promote the APEC trade ministers' meeting to reach a consensus.


    Textile and garment export Year on year increase of 11.7%


    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, an increase of 1.0% over the same period of last year. The total profit of the manufacturing industry was 3189.31 billion yuan, down 10.4%. Among the 41 major industries, the total profits of 16 industries increased year on year, while 25 industries decreased. Among them, the textile industry decreased by 5.3%, and the textile and clothing industry increased by 4.0%.


    From January to June, among the industrial enterprises above Designated Size, the state-owned holding enterprises achieved a total profit of 148.95 billion yuan, an increase of 10.2% year-on-year; Joint stock enterprises realized a total profit of 3197.79 billion yuan, an increase of 6.7%; The total profits of foreign-funded enterprises and enterprises invested by Hong Kong, Macao and Taiwan reached 981.41 billion yuan, down 13.9%; The total profit of private enterprises was 1188.57 billion yuan, down 3.3%. Industrial Enterprises above Designated Size realized 65.41 trillion yuan of operating revenue, up 9.1% year on year; The operating costs incurred were 55.29 trillion yuan, an increase of 10.2%; The profit margin of operating revenue was 6.53%, down 0.52% year on year. The cost of per 100 yuan operating income of Industrial Enterprises above designated size was 84.52 yuan, an increase of 0.84 yuan on a year-on-year basis; The expenses per 100 yuan of business income was 7.95 yuan, a year-on-year decrease of 0.52 yuan.

    According to the General Administration of Customs Statistics news, the first half of this year China's textile and clothing exports reached US $156.49 billion, up 11.7% year on year (10.8% in RMB terms). Among them, the export of textiles was 76.32 billion US dollars 3%, a year-on-year increase of 10.3%; Clothing exports reached US $80.17 billion, up 12.0% year-on-year (11.2% in RMB terms).

    In the first half of this year, China's textile and clothing exports continued to maintain a steady growth on the basis of the high base in 2021, especially the rapid growth of clothing exports. The main factors supporting export growth are as follows: First, the international market demand is relatively stable. Although the new crown pneumonia epidemic situation and external environmental risk increased, but the market demand did not show a significant decline. Second, domestic production has strong toughness and full potential. Under the promotion of positive steady growth policy, we should ensure sufficient supply and provide strong support for export growth. Third, under the impact of the epidemic, some regions quickly resumed work and production, effectively stabilizing the basic foreign trade situation. The Yangtze River Delta and the Pearl River Delta have overcome the impact of the epidemic, and the growth rate of foreign trade has turned from negative to positive in a short period of time, showing the strong momentum of local foreign trade development. In addition, high international commodity prices have also boosted the growth of export value to a certain extent.

    Information sources: China news network, national development and Reform Commission, China textile international production capacity cooperation enterprise alliance, China Textile Industry Economic Research Institute

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