The Current Situation Of Shanxi Textile Industry Under The Financial Crisis

Volume 08, November, China

The total amount was $189 billion 890 million, a decrease of 9% over the same period last year.

Of which, exports of US $114 billion 990 million, down 2.2% compared to the same period, and imports of US $74 billion 900 million, down 17.9% from the same period last year.

This is the first time that import and export indicators have suffered negative growth since 2000.

At the same time, exports increased by nearly 1 / 6 from 19.5% last month, the first negative growth since 1998.

The volume of exports has declined sharply, so that China's textile export enterprises will officially enter the "severe winter".

Import and export under crisis

Traditional industries were also affected by the financial tsunami.

How can Shanxi's textile industry suspend its tax rebate adjustment?

according to

Customs said it was on August 1st.

For the first time in two years.

Taiyuan customs staff said: 06 years ago, the country has cut down the textile export tax rebate rate two times.

In September of the same year, the export tax rebate rate adjustment covers more than 10 main sub sectors, including cotton spinning, chemical fiber, silk, wool spinning and knitting, including some textile chemical fiber raw materials and yarn, fabrics and textile finished products, and the export tax rebate rate has been reduced by two percentage points.

In July of 07, in order to adjust the structure of export commodities, change the mode of economic growth and curb the excessive trade surplus, the export rebate rate of garments and viscose products decreased by 2 and 6 percentage points respectively.

But this year, due to the global economic crisis, China's textile industry has encountered great difficulties due to the global economic weakness, the depreciation of the US dollar, the subprime crisis, the acceleration of RMB appreciation and the rising cost. The export tax rebate callback is a specific implementation policy of the state to support the textile industry.

For the state's introduction of the export tax rebate rate increase, the current textile industry in Shanxi, the advantages and disadvantages of the percentage need to be verified.

According to statistics, the total export volume of textiles in the first half of 08 years was US $about 30000000, and the proportion of export volume was relatively low.

In 2007, the total export volume of textiles in our province amounted to 95 million 220 thousand US dollars, accounting for only about 1.5% of the total export value of the country.

However, in the 80s of last century, textile exports in our province accounted for about 15% of the total value of exports.

Speaking of the embarrassing situation of our province's textile industry, Wen Tai Long said it had great relations with the development of Shanxi's industrial structure in recent years.

Shanxi occupies an important resource of coal, and a lot of resources of the people are concentrated in coal, coking, iron making and other industries. These industries are lucrative, but textile belongs to labor-intensive industries, and I am not the main production area of textile raw materials. The investment of raw materials is relatively large, equipment requirements are high, the cost is increased, and the returns are slow.

According to industry analysis and assessment, this time

The pullback may be the first step for the state to support the textile industry. It is expected that there will be some policies in the second half of the year.

The current situation of cotton base crisis in Shanxi