China'S Textile Industry Will Face More Complex And Severe Situation In 2008.

Under the influence of international economic weakness, domestic macro policy, price increase of production factors and snow disaster in the south, the growth rate of China's textile industry's production, export, investment and efficiency slowed down in 2008, and is expected to face a grim situation.

China Textile Industry Association said, from the main economic indicators, since the beginning of 2008, the economic growth of China's textile industry has shown a comprehensive slowdown in the pace of economic growth, and the economy relies on domestic demand to boost the economic growth.

China textile industry association responsible person said, from the overall observation, the textile industry in 2008 was significantly weakened by the international market demand, the domestic macroeconomic regulation and control policy effect concentrated release and all factors of production prices rose overall and other internal and external factors, the industry development will be significantly increased internal and external pressure.

From the international perspective, with the subsequent release of the subprime mortgage crisis and the continuous rise of international oil prices and grain prices, the consumption expenditure of residents in the US and Europe has been greatly slowed down, and the demand for the international market is obviously weak. In view of the factors such as trade protectionism and fierce international competition, China's textile and clothing exports will be affected by deceleration in 2008, which will add new pressure to domestic employment and market sales.

From the domestic policy level, the acceleration of RMB appreciation, the tightening of monetary policy and the reduction of export tax rebates will not only reduce the profit margins of enterprises, but also force companies to face structural challenges in the throes of labor pains.

In addition, the increase in the price of main raw materials and energy and power goes beyond the factory and retail prices. The new labor contract law will bring about a significant increase in the per capita labor remuneration of the textile industry.

China Textile Industry Association predicts that the textile industry will face more complex and severe situation in 2008.

The Association expects the whole industry to take the initiative to explore its own shortcomings, promote the adjustment and upgrading process of science and technology and brand as the fulcrum, strengthen the integration of industrial chain and optimize the allocation of resources, and constantly improve the level of the open economy of the textile industry, and strive for stable and sustainable development in 2008.