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 rapid development over the years has led to changes in China’s textile industry to enter the most crucial development period, the textile industry by the current international financial crisis, the impact of larger, national textile Industry effect a series of supportive policies will gradually appear.

According to Du, the textile industry has created more than 2000 production of 10,000 jobs, of which 80% of migrant workers, and the annual use of about nine million tons of domestic natural fiber, involving 100 million farmers of their livelihood. At present, 20% of the textile industrial output for export, the proportion of general trade reached 72%, trade net trade in goods exports accounting for 60% of net exports.

Du Yuzhou pointed out that, as a higher degree of internationalization of the industry, the textile industry of China’s current international financial crisis hit hard, industry production, 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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