China'S Textile Exports Face The Most Difficult Situation In The Past Three Years

China Textile Industry Federation released 10 to 2011 to 2012 in Zhengzhou.

Xia Lingmin, the vice president of the Federation, said that the export of Chinese textile industry suffered nearly three this year due to the global economic weakness.

Xia Lingmin said that from 1 to July this year, the export of textile and clothing industry was almost zero growth compared with the same period last year, which is rare in recent years. In August, there was a negative growth. Compared with the previous period, only in 2009, the impact of the financial crisis dropped by 9.5% compared with 2008. 2010 and 2011 also maintained 10 to 20 percentage points growth.

The released 500 Chinese textile and garment enterprises competitiveness data show that

And other unfavorable factors, competitive advantage enterprises also encountered some difficulties and challenges, such as the industry competitiveness of the 500 enterprises, the average profit margin is lower than the previous one, and these enterprises in 2011 total assets contribution index also declined.

Xia Ling min analysis thinks that in recent years, China's textile industry is facing severe internal and external challenges. The weakening of the world economy and the European debt crisis have affected international demand. On the other hand, the downward pressure on domestic economy has increased, and the growth of domestic demand market has begun to slow down. In addition, the price fluctuation is obvious. The problem of cotton price inversion at home and abroad is highlighted, and the cost of labor and energy continues to rise.

Xia Lingmin said, not all foreign market demand is not prosperous, according to the regional division, China's market for Europe and the United States.

Deceleration is obvious, but exports to Africa and ASEAN have maintained more than 15% growth this year.