China Textile Association: The Economic Environment Facing China'S Textile Industry Still Has Many Uncertainties.

Reporters learned from the China Textile Industry Association today that recent statistics show that the total industrial output value of textile enterprises above designated size has increased by 32% over the first quarter of this year, exports grew by 24% year-on-year, consumption increased by 23%, investment increased by 38%, and total profits increased by 54% over the same period last year.

Sun Huaibin, director of the China Textile Industry Association's Economic Research Center, also pointed out that China's textile industry is facing some new contradictions and difficulties.

He analyzed that these business risks generally have several pieces, the first is funds.

Now the national macro-control policy is to control the CPI (consumer price index) in a reasonable range, so monetary policy is becoming tighter and tighter.

With the size and growth rate of credit controlled by the state, it is more and more difficult for textile enterprises to obtain funds from banks.

The price fluctuation of raw materials will bring great pressure to the textile industry.

Another pressure on China's textile industry is inflation.

For textile industry, inflation is mainly manifested in the price of some production factors, such as coal, electricity, oil and gas.

Because this year is the beginning of the year 12th Five-Year, many parts of the country are working hard, and the speed of economic growth is obviously increasing. Therefore, the demand for some basic production factors has skyrocketed, coupled with the rise of some high energy consuming industries, resulting in the tension of these factors. The Chinese textile industry is also facing such a predicament and pressure.

Moreover, this year's electricity consumption can be said to be low in the off-season. The peak comes earlier. The two quarter of this year may be more stressed.

Sun Huaibin believes that the textile industry also has a pressure from the market. This year, the global economy is in a stage of slow recovery and climbing. Especially in some major economies, the US economy is currently unstable, while some mainstream European countries are good, but the European sovereign debt crisis has dragged down the euro zone economy. In addition, Japan's massive earthquake and nuclear leaks also caused great damage to the economy. The pressure of inflation in other emerging economies is also great. At the same time, North Africa's war turmoil and soaring oil prices and so on, the economic environment of China's textile industry is still facing many uncertainties.

Sun Huaibin said that China's textile industry is a highly market-oriented industry, and we should be able to overcome these crises under the joint efforts of all of us.

He said that although the "12th Five-Year plan" of China's textile industry has not yet been promulgated, the China Textile Industry Association still has the confidence to achieve the strategic goal of building a textile power in the early part of this century through the next ten years.