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Global manufacturing competition intensifies triggered the downside risks of China's textile industry

2014-11-27 Hits:748
After the U.S. debt crisis, the global economy in various countries, the central bank to achieve large-scale stimulus policies to achieve stage recovery, but the global economy has not yet found a new round of growth.
Driven economy picks up the main power source in every expansion of monetary policy stimulus, but the potential economic growth rate gradually declined, sovereign debt risk continued threat to the stability of the global financial system and to the economic development caused serious negative impact. The economy although the release of income improvement, the drop in the unemployment rate was positive signal, but the fiscal cliff of the economic effects of variables larger, and the EU economy is in a dilemma for continuous fermentation of the debt crisis, high unemployment rate.
Overall, the international market demand is a quarter more hasten is weak, and shrinking influence in gradually deepening, China's textile industry is facing the international market environment is more severe. And last year's domestic and foreign market wheel driving force parallel compared to a scenario, this year since the textile industry of our country external market driven forward force decreased obviously.
According to the China Textile Industry Association comprehensive data show that in 2012 1 to July, China's textile and garment exports grew by only 0.3%, lower than the national export growth rate (7.8%) 7.5 percentage points.
Relatively speaking, although the domestic economy also faces growth continued to decline the risk, in the second quarter of 2012 GDP hit a low level of 13 quarter, year on year growth of 7.6%, but the domestic market has already become our country economic growth an important support for the highlights.
Research shows that although domestic market growth rate over the corresponding period still decline rapidly, but 2012 first half of domestic consumption on the economy pulling for 4.5 percentage points, was published in 2009 in the breakdown of the data since and consumption for the first time two consecutive quarters of contribution to GDP over investment and net exports, display of consumption to the economic growth driving effect is enhanced significantly.
Consistent with the overall domestic economic pillars, China's textile and apparel market growth has become an important support for the textile industry in China this year. According to the National Bureau of statistics data show that in 2012 1 to July, China's textile industry's domestic output value of 257 million 700 thousand yuan, an increase of 12.5%, accounting for further increase to nearly 84%.
Compared to the unbalanced contribution of domestic and foreign markets, the whole industry chain also presents the characteristics of the downstream industry to enhance the contribution. Sustained domestic and international cotton prices difference severely weakened the business competitiveness of Chinese cotton textile industry chain, sharply lower the prices of chemical products and raw material prices fluctuations caused by large chemical fiber industry profits decrease fast wait for a problem, make China's textile industry chain upstream of the industry produce the benefits of negative to the pulling power, and downstream industry with its proximity to the terminal market, digestion and absorption ability strong characteristics of industry a positive effect on tension enhance. In the upstream and downstream interaction under the role of the game, in the first half of 2012, China's textile industry profits fell by nearly 2%, slightly narrower than the decline in China's industrial profits.
Bottoming debates about the external economic environment is still in continuous release of information and data signal indicates industry running situation is still grim, downturn in external environment in the short term also difficult to improve. Even IMF chief economist, said the global economic recovery is less than before the intensity of the forecast, while the growth rate down even more worrying is the downside risks. Weak demand in the international market will continue, the manufacturing sector in developed countries to enhance the trend has increased, the global manufacturing industry competition or will exacerbate.
In order to cope with the current development of China's foreign trade in the face of external demand atrophy, business pressure to increase, the executive meeting of the State Council on September 12, discuss through the "on promoting the steady growth of foreign trade in a number of opinions", clearly put forward to accelerate the export tax rebate progress, expand financing scale etc. the eight policy measures, such as to put in place as soon as possible, will the next step the development of foreign trade play a role in boosting, the majority of foreign trade enterprises to release positive policy signals.

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