Chinese textile enterprises profits in the first 10 years is a negative growth

Yesterday, the National Bureau of Statistics from China's latest data show that in 2008 January-November-scale textile enterprises realized a total profit of more than 104,200,000,000 yuan, fell 1.77 percent, the growth rate in 2007 than the same period dropped 38.76 percent. Among loss-making enterprises amounted to a loss of 22,750,000,000 yuan, an increase of 99.85 percent. Experts said that the situation in textile exports this year should not be too optimistic.
Branches of industry, the first 11 months of the completion of the textile industry profits 67,500,000,000 yuan, up 9.28 percent, the growth rate in 2007 than the same period dropped 21.99 percent; shoes and apparel industry grew 13.02 percent year-on-year, the growth rate down 14.1 percentage points; chemical fiber Completion of the industry profit 3,402,000,000 yuan, 74.89 percent year-on-year decline, the growth rate fell sharply 184.16 points.
"This is China's textile industry for the first time in 10 years, negative growth," China's first textile network editor-in-chief Wang is expected to move forward, the textile industry as a whole in 2008 and 2007 profit will be flat or even negative growth, while in 2007 the industry profit growth of up to 37.79 percent.
In the global economy is expected to grow more pessimistic backdrop for this year's textile export situation, the Ministry of Commerce, "Textile Business Week," editor-in-chief FAN Min said yesterday that the export has always been referred to the wind vane - Canton Fair also reflects the substantial orders Shrunk. In addition, the Sino-US textile agreement and the bilateral China-EU textile arrangement is about to expire, China and the United States this year, China-EU textile trade will be what kind of policy is uncertain, and exchange rate movements is difficult to grasp, for some enterprises to guard against the risks associated with this , As a last resort taken by the exchange rate agreed in advance with clients the way for negotiations, so that part of the customer to receive difficult, resulting in reduced turnover. "
At present, the world economy does not turn good signs of contraction in external demand is likely to deteriorate further. From the second half of 2008, business orders, the 104th Guangzhou Trade Fair in 2008, as well as companies close down the status quo, in the first quarter of 2009 textile and apparel exports fell 30% increase is a foregone conclusion. "This FAN Min said.