Corporate News

As an export trade accounted for a considerable proportion of the sales of the industry, the textile industry in the international financial crisis, due to the largest export market of the United States market demand is fatigued and weak, as well as the subprime mortgage crisis has been accompanied by the depreciation of the dollar makes company profit space is squashed ceaselessly, our country textile industry suffered for many years did not encounter the dilemma.

" This year, the textile industry of our country has already arrived the word sun Huaibin on the net reporter said. On one hand as a result of international economic demand is fatigued and weak, plus loan has turned to an economic crisis, largely influenced by the 8 largest economy especially American demand for textile products, the export industry produced certain negative effect.

" But in this difficult economic situation, should be said that the textile industry fundamentals remain stable. " Sun Huaibin says.

Export encountering predicament fundamentals remain stable

According to the China Textile Industry Association statistics show, first half of the national textile and exit 83851000000 dollar, grow 11.11% compared to the same period, increase over the same period last year dropped 6.44%. And if converted into yuan, in June before the textile export growth rate of only 1.6%, increase over the same period last year dropped high up to 11.6%.

Sun Huaibin that, if the foreign economic environment continues to worsen in the words, then the textile industry will further increase the relative risk. " This year, the textile industry of our country has been in a difficult period of hitherto unknown. "

Ministry of international trade and Economic Cooperation Institute associate professor Mei Xinyu said, the United States financial sector turmoil will ultimately in real economy sector exacerbated by the credit crunch, the global financial turmoil will have a direct impact on countries of the financial markets and the real economy sector, including the local textile industry. China''''s export growth slowdown is mainly concentrated in the traditional labor-intensive enterprises, is the most typical garment industry.

Dongfang Iger analyst Ma Wenfeng also thinks, American financial crisis on China''''s textile industry there are mainly two aspects: one is the influence of American accounting for global market share of atrophy; two is the global market atrophy. Expected in October or November, Chinese textile exports will slow further.

At the same time, the inflation pressure, the prices of factors of production, improve the level of labor cost growth, as well as Vietnam, India and other countries textile production and the rapid growth of gross, for China''''s textile industry has brought great survival pressure. " But the macroscopical economy of our country is a normal good. " Sun Huaibin, textile industry before the three quarter production, sales still have 15% growth, export growth of 9%, profit growth was 3%, " it should be said that textile industry fundamentals is stable. " However sun Huaibin also worry about, if the foreign economic environment continues to worsen it, then the industry relative risk will be increased further.

Increase the export tax rebate rate helps to ease the difficult situation

August 1st, Ministry of finance, the State Administration of Taxation will be part of textiles and clothing to the tax rebate rate from 11% up to 13%; the central bank is directed through the window, of national commercial banks in the original basis of the size of the credit increase by 5%, to the local commercial bank increases 10%, and asked the credits must be used for small and medium enterprises, agriculture or the earthquake; subsequently the policy on the labor-intensive small and medium enterprises small loans from the maximum amount of 1000000 yuan to 2000000 yuan.

" Raising the export tax rebate rate, that the government through taxation and trade policy of local adjustment, in order to achieve the overall balance, can effectively alleviate the domestic enterprises in the production and operation cost pressure, thereby improving the export earnings of state enterprises. " In the country of textile industry give aid to policy further at the same time, sun Huaibin that rely on textile enterprises accelerate structural adjustment and industry to upgrade, only in this way can we fundamentally reverse the difficult situation.

The domestic market has very large development space

In fact, our domestic textiles demand market still has a huge potential market space. Sun Huaibin said:" especially in the countryside and some small and medium-sized city market, because their income levels are gradually improving signs, big city is mainly in the high consumption produces industrial base up to grasp the whole industry multi-level development. Should say to expand the domestic demand is the textile industry, a key that we work. "

At the same time, the international financial crisis, the same industry to bring many reflections. China''''s textile industry is still labor intensive development stage, the optimization and upgrading of industrial structure is again placed in front of the people. The upgrading of product processing, as well as the increase of added value, low energy consumption, saving to the direction of the development of enterprises, so as to change the development mode, realize the transformation from quantity to quality. This became in the next downturn in the international economic environment, the expansion of the market important way.