The Textile Industry Has Bid Farewell To High Growth And Enter The Middle Speed Growth Stage.

< p > China Textile Industry Federation announced the first half year's report card of textile industry yesterday. The total business income of all industries above scale increased by 8.5% compared with the same period last year, and the profit increased by 11.8% compared with the same period last year. However, the growth rate of the two indicators decreased by 4.8 percentage points compared with the same period last year.

The Federation of textile industry believes that the textile industry has bid farewell to high growth and entered the "medium speed growth stage".

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In the 1-6 month of this year, 3.8 000 Textile Enterprises above Designated Size reached 3 trillion and 100 billion yuan in total business income, an increase of 8.5% over the same period last year, and the growth rate dropped 4.8 percentage points compared with the same period last year. The profit was 147 billion 700 million, an increase of 11.8% over the same period last year, and the growth rate of the textile industry also declined by 4.8% over the same period of P.

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< p > the vice chairman of the China Textile Industry Federation < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Gao Yong < /a > introduced that in the first half of this year, the growth of some indexes in the textile industry has slowed down compared with the same period last year, but since the two quarter, there has been a general trend of steady recovery. Besides, the adjustment of the textile industry's industrial structure has continued to develop to the right direction, such as the sales profit rate, debt ratio, and the industrial development level in the eastern, central and western regions.

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< p > Gao Yong: from a numerical point of view, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > textile industry < /a > operation is relatively stable, and it is not too bad in the whole manufacturing industry.

The profit margin of Enterprises above designated size is 4.8%, 0.2 percentage points higher than that of last year, and the profitability of enterprises is slightly better.

The debt ratio of the whole industry is 55.3%, and the risk of assets is decreasing.

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< p > but industry development still faces many difficulties.

The biggest challenge comes from the difference in cotton prices at home and abroad. In the two quarter, the difference widened to 5500 yuan per ton, which could not compete with < a href= "http:// www.sjfzxm.com/news/index_c.asp" > foreign enterprises < /a >, causing a large number of domestic cotton spinning enterprises to stop production and stop production.

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< p > Gao Yong: especially in the 2 quarter of this year, the cotton price differential has widened, and it has narrowed to about 3000 yuan in the past. But after entering the two quarter, the price of cotton in the international market has dropped further, and now it has returned to the difference of 5000 yuan per ton.

Domestic cotton is basically used for national storage cotton, and the problem of "high price and high quality" is not solved, so the cotton problem of domestic enterprises has not been solved yet.

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< p > another challenge is that although exports have improved, China's textile and apparel industry has been declining in the international market under the impact of Bangladesh, Vietnam and other Southeast Asian countries.

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< p > Gao Yong: although exports are still growing, from zero growth at the beginning of the year to 4.2%, the share in the major international markets has been decreasing gradually, decreasing by 0.8% in the US, 0.7% in Europe, and 4% in Japan.

The next step is how to improve competitiveness.

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< p > Gao Yong: so it is impossible to achieve high growth of the entire textile industry by the high growth of consumption.

The trend for the two quarter to continue in the second half of this year will increase slightly, but not too fast.

So how should the textile industry adapt to the new normal of the national economy as soon as possible?

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