Overall Smooth Operation Of China's Textile Industry In The First Quarter Of 2014

May 12th, China Spin The Federation of industry held an analysis conference on the textile industry in the first quarter of 2014. At the meeting, the Ministry of industry, information statistics and professional associations of China Textile Industry Federation introduced the operation of the industry. It is understood that in the first quarter of 2014, the overall operation of the textile industry was stable, still in the development section, and the scale of production, exports, domestic sales, investment and profits continued to grow.

Production: the output of key products expanded, but all of them increased by a single digit.

According to the National Bureau of statistics, the first quarter of 2014, yarn, cloth, chemical fiber and clothing Output increased by 6.32%, 2.55%, 4.79% and 3.04% respectively over the same period last year.

Profits: the scale of profits of Enterprises above designated size has continued to expand, and the overall industry profit growth has slowed slightly over the previous year.

According to the statistics of National Bureau of statistics, in 2014 1-3, China's textile industry realized a total profit of 66 billion 694 million yuan, an increase of 10.94% over the same period last year, a slowdown of 4.84 percentage points over the whole year of 2013, a sales profit margin of 4.65%, a decrease of 0.84 percentage points compared with that of last year, a total turnover rate of 1.48 times per year, a decrease compared with that of last year, a three percentage fee for the industry, 6.5% percentage points, an increase of 0.31 percentage points over last year, and a slight increase in operating costs.

Exports: export scale expanded, export growth slowed down compared with last year.

According to Chinese customs statistics, the export volume of textiles and clothing in China in 2014 1-4 was 81 billion 876 million US dollars, up 2.18% from the same period last year, and the growth rate dropped 14.35 percentage points over the same period last year. According to Chinese customs statistics, China's exports to the European Union increased rapidly. In 2014 1-3, China exported 11 billion 372 million dollars to the EU's exports of textiles and clothing, an increase of 10.01% over the same period last year, higher than the 9.52 percentage point increase in global exports, 4.04 percentage points higher than the same period last year, and a significant decline in ASEAN export growth. In the first quarter of 2014, China's exports of textiles and clothing to ASEAN reached 7 billion 410 million US dollars, an increase of 1.77% over the same period last year, a decrease of 26.57 percentage points compared with that of last year (28.34%), and China's textile and apparel market share in the US and Japan is still declining.

Domestic sales: the scale of domestic retail demand continues to expand, and the growth of garment demand in traditional channels is slower than overall demand.

According to the National Bureau of statistics, in the first quarter of 2014, the total retail sales of consumer goods amounted to 6 trillion and 210 billion yuan, an increase of 12% over the same period, the retail sales above the limit of 3 trillion and 30 billion yuan, an increase of 9.7% over the previous year, and the retail sales of clothing category above the limit of 221 billion 100 million yuan, an increase of 9% over the same period last year, lower than that of the domestic consumer goods retail sales by 3 percentage points.

Investment: the scale of industry investment continues to expand, the growth of investment has slowed down, the negative growth of new construction projects and the adjustment of industrial investment regional structure have also slowed down.

According to statistics of National Bureau of statistics, in 2014 1-3, China's textile industry completed its fixed assets. Investment The amount of 154 billion 646 million yuan, an increase of 12.76% over the same period, and the growth rate of investment slowed by 3.65 percentage points over the same period last year. The number of new projects in the industry dropped by 8.02% over the same period last year, and the growth rate dropped by 23.41 percentage points over the same period last year. The investment growth in the eastern region was significantly higher than that in the central and western regions in terms of investment structure.

Experts attending the conference analyzed that the future economic operation of China's textile industry still had the following risks: production, domestic demand, exports and investment growth slowed down; fierce competition in the international market, China's market share in the US, Europe and Japan has declined; the growth rate of ASEAN market has dropped sharply; and the problem of cotton price difference between home and abroad is still difficult to alleviate.