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The textile industry has entered a period of deep transformation

Author: Release date: 2019-11-28

In recent years, with the changes in the external situation, the overall growth rate of China's textile industry has continued to slow down. From 2011 to the first 8 months of this year, the industrial added value of textile enterprises above designated size increased by 10.7%, 10.8%, 8.3%, and 7.4% year-on-year at constant prices, especially in the first 8 months of this year. Entering single-digit growth across the board, revenue from main operations increased by 8.2% and exports increased by 5.7%.

"The slowdown in industrial growth is just for the textile industry to further optimize the textile product structure, accelerate the improvement of the raw material supply structure, and steadily promote the adjustment of the industrial layout structure, freeing up appropriate time and space." Wang Tiankai, president of the China Textile Industry Federation According to the 2014 International Textile Manufacturers Federation held recently, the development of China's textile industry has entered a new normal of in-depth transformation and upgrading, entered a cycle of change from high-speed growth to medium-speed growth, and began to adjust the structure in depth and accelerate the transformation. A new stage in the history of the upgrade.

Wang Tiankai said that although China's textile industry is slowing down, the structural adjustment has gradually deepened due to seizing the opportunity of technological revolution and industrial upgrading. The data shows that in 2013, China's industrial textile output reached 11.3 million tons, an increase of 37.5% over 2010. The fiber processing ratio of the three major end-use products for clothing, household and industrial use was adjusted from 51:29:20 in 2010 to 48 in 2013. : 29: 23, the industrial layout structure is further optimized. In addition, the stable and better operation quality of the industry has also maintained a good level of profitability for China's textile industry. From 2011 to 2013, the total profit of textile enterprises above designated size increased by 16.1% annually; the average sales profit margin reached 5.5% in 2013, an increase of 0.6 percentage points from 2010. Among them, the average profit rate of 12,000 advantageous enterprises that accounted for about one-third of the enterprises above designated size reached 10.2%, and the total profit accounted for 81.7% of the entire industry.

It is worth noting that although the Chinese textile industry has made some progress in terms of structural adjustment and operational efficiency, various external pressures currently faced are still outstanding, including the challenges brought by rising costs and increasing constraints on resources and the environment. .

"Today, the cost advantage of the Chinese textile industry in international competition has basically ceased to exist." Wang Tiankai said that in recent years, the cost of production factors in the Chinese textile industry has continued to increase, and per capita wages have increased at an average annual rate of more than 10%, and wage levels are far Higher than its neighbouring developing countries, cotton prices have continued to exceed the international market by more than 30% in the past three years.

At the same time, the Chinese government has become more stringent in terms of low-carbon, environmental protection regulatory standards and mission requirements in the face of prominent resource and environmental conflicts.

"Accelerating industrial transformation and upgrading, improving total factor productivity and sustainable development capabilities, effectively cracking down on resource and environmental bottlenecks, and better participating in international market competition and global industrial division of labor are urgent tasks facing the development of China's textile industry." Wang Tiankai said, China The China Textile Federation will step up efforts to promote Chinese companies to "go global", invest overseas in the construction of textile raw material bases, processing bases, and research and development centers, and build an industrial layout that complements China. At the same time, with an open attitude, we call on the textile industry capitals of all countries to participate in the process of transformation and upgrading of China's textile industry to achieve a win-win situation.
 

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