Fujian Textile Industry Maintains Steady Development Trend

Light and textile industry is a traditional advantage industry in Fujian Province. The output value of light and textile industries above designated scale accounts for 42.2% of the total industrial output value of the whole province, and the export delivery value accounts for 47.6% of the province's industries. The total number of employees of light and textile enterprises above designated size is 2.1481 million, accounting for more than 50% of the total employment of Enterprises above designated scale in the province. The output of products ranks among the top 10 in China, forming a batch of products such as textile and clothing, shoes, bags, daily-use ceramics, food processing, etc Industrial clusters with strong competitiveness. Since September this year, Fujian light and textile enterprises are facing unprecedented difficulties. First, the cost of means of production and labor increased, and the operating cost increased. Second, the western economic recession, the depreciation of the US dollar, the deterioration of the foreign trade environment of light and textile. Third, there are few land use indicators and insufficient development space. Fourth, the tight monetary policy leads to financing difficulties. Affected by this, from January to October, the growth rate of current price output value of Fujian light and textile industry decreased by 5.9%, 6.2%, 9.5%, 8.2%, 27.9%, 54.37%, 30.9% and 21.63% respectively %。 the overall operation of Fujian's light and textile industry is balanced. From January to October, the total output value of light and textile industry above Designated Size in the province reached 523.705 billion yuan, up 19.8% year on year; the sales value was 505.896 billion yuan, an increase of 23.6%; the sales rate was 96.6%, which was basically the same as the same period last year; the export delivery value was 148.601 billion yuan, with a year-on-year growth of 9.3%; the profit was 19.8 billion yuan, with a year-on-year increase of 24.7%. The main reasons for the steady rise of Fujian's light and textile industry are as follows: first, Fujian Province has adopted a series of policies and measures to promote industrial clusters and extend the industrial chain. The international competitiveness of the textile industry has been improved. Second, the independent brand has enhanced the competitiveness. There are 80 famous brands and well-known trademarks in China, and a number of brands have enjoyed a high reputation in the domestic and foreign markets. Third, advanced equipment and low debt ratio. From the middle period of the 10th five year plan to the 11th Five Year Plan period, Fujian's textile, clothing and footwear industry had advanced equipment and high product grade. The debt ratio of textile enterprises was 42.43%, 16.06% lower than the national average debt level of 58.49%. Fourth, timely development of internal contracting. Some brand enterprises timely transfer the orders outside the original assignment area to the small and medium-sized foreign trade enterprises in the urban area, which improves the ability of brand enterprises to integrate resources and consolidate their leading position in the industry. Editor in charge: Yang Jing