April 27, 2009

Changes in the textiles industry to enter the serious time span of expansion

China Textile Industry Association Du Yuzhou in “2009 China’s natural fiber Forum”, said the swift expansion through the years has led to modifications in China’s textile industry to enter the bulk essential expansion time span, the textile industry by the existing worldwide economic calamity, the impact of expanded, national textile Industry appearance a series of encouraging policies will leisurely appear.

According to Du, the textile commerce has conceived more than 2000 output of 10,000 occupations, of which 80% of migrant employees, and the annual use of about nine million tons of household natural fiber, engaging 100 million ranchers of their livelihood. At present, 20% of the textile developed yield for trade items, the percentage of general trade come to 72%, trade snare trade in items trade items accounting for 60% of snare exports.

Du Yuzhou spiky out that, as a higher level of internationalization of the industry, the textile industry of China’s existing worldwide economic calamity beat hard, industry demonstration, efficiency, exports and employment are the problem.

1,2 months of this year, the national textile industry enterprises above designated elevation industrial goods effected plunged 0.27 per 100 year-on-year growth rate plunged 16.28 per 100 year-on-year; profit came 8.1 per 100 year-on-year diminish, a loss of 25% of enterprises; national textile and garment exports 22.451 billion U.S. dollars fascinated, lessened 14.78% year-on-year; more severe employment circumstances, simply the diagram of very many finance enterprises by the end of May terminal year on the reduction of 690,000 people. The elevation of the pursuing enterprises are facing more severe situation.

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