Textile industry: capacity expansion to accelerate transformation to value growth
The sharp rise and fall of cotton prices made the textile industry miserable and the industry even more difficult than in 2008.
In 2011, the textile industry slowed down.
First look at the industry situation. Data show that in the first 10 months of this year, the investment in fixed assets of the textile industry declined year-on-year; excluding price factors, the actual growth of textile and clothing exports was only 1.14%; the growth rate of social clothing retail sales and retail sales fell by 1.31 percentage points and 8.16 percentage points respectively compared with the same period last year.
Look at the current situation of enterprises. Although the industrial value-added of textile enterprises above the scale of this year has maintained a double-digit growth rate, since the second half of the year, the situation of textile enterprises'capital shortage and inventory increase has become increasingly serious. At the end of September, of the 35,600 Textile Enterprises above the national scale, 4,218 were in loss, accounting for 11.9% of the total loss, and the loss of the loss-making enterprises amounted to 10.55 billion yuan, an increase of 51.2% over the previous year. Especially since the third quarter, enterprises generally reflect the market environment and poor operating conditions, small and micro enterprises shut down more.