The growth rate of China’s textile industry output has dropped significantly
The picture shows the production conditions of workers in the textile production workshop in Hai’an County, Jiangsu Province. According to sellers of Chinese spandex companies, the increase in export tax rebates does not seem to bring us many surprises, nor does it effectively stimulate the textile industry. At present, the impact of the increase in export tax rebates appears to be minimal or not yet apparent. It is reported that due to the decline in international clothing demand caused by the international economic downturn in recent years, China’s main economic trading partners are also in a downward cycle, so the textile industry and China’s clothing have not had the expected policy effects. #Nbsp;
According to a report recently released by China Textile Industry Association, from January to July 2008, the output of most textiles produced by textile enterprises exceeding the prescribed scale continued to grow, but the growth rate was significantly lower than the same period last year. In recent years, the production of major and important products has even shown a single-digit growth trend. #Nbsp;
Liu Xin, an industry analyst at China Textile Economic Information Network, said that the key representative products of different links in the industrial chain are affected by factors such as market transmission mechanisms and cost digestion structures. The closer the production in the industrial chain is, the faster the production growth rate will decline, while the industry Production growth at the end of the chain will be relatively slow. #Nbsp;
Chemical fiber products were affected by insufficient downstream demand, with output increasing by only 4.76%. Compared with the same period last year, the growth rate dropped significantly by 13.23. The key is the low production growth rate since March 2006. Compared with fiber products in the late fiber stage, the volatility of production growth is basically the same as that of chemical fiber products, although it remained unchanged from January to July 2008. The double-digit growth rate of 10.78% was also higher than that of the same period last year. dropped by 9.41 percentage points. The intermediate chain method of the industrial chain represents the growth rate of product fabric production. Growth was slower, albeit slower, in the first seven months of the year. Frontline fiber and yarn chemicals declined by 7.15 percentage points.
Finally, the output of clothing at the end of the industrial chain was affected by market factors, which slowed down international demand, and the production growth rate dropped by 7.92 percentage points.
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