The Main Difficulty Of Our Textile Machinery "Going Out" Is Financing.

Recently, the State Council promulgated the guiding opinions on promoting cooperation in international capacity and equipment manufacturing, which calls for speeding up the "going out" of major equipment and superior capacity in China.

Among them,

12 industries are listed in the key industries of international capacity and equipment manufacturing cooperation.

The national development and Reform Commission also held a press conference to interpret the guiding opinions, and indicated that it would work closely with the relevant departments in carrying out the work and accelerate the promotion of international production capacity and equipment manufacturing cooperation to achieve substantial results.

The introduction of the guidance will undoubtedly create a more open environment for the "made in China" sea going journey. What is the practical significance and function of the "going out" of textile machinery equipment?

In an interview with China textile daily, the guiding opinion is very suitable for the development of the textile machinery industry.

At present, the main difficulty in the "going out" of textile machinery is financing. I hope that the financial support measures mentioned in the guidance can be implemented as soon as possible.

In recent years, China's textile machinery technology and quality level has made considerable progress, and its international competitiveness has been continuously enhanced. The rapid development of ASEAN's textile industry has also provided market opportunities for China's textile machinery exports.

Because most of the textile machinery enterprises in ASEAN countries can only produce relatively simple textile machinery, most of the high-end textile machinery equipment needs to be imported to meet the demand.

Japan,

Italy and other textile machinery production developed countries have advanced equipment, but the price is high, most enterprises can not afford it.

Textile machinery products in China and India are of high quality and low price, especially China's textile machinery equipment is complete, cost-effective, and low maintenance costs, and more easily accepted by local enterprises.

With the acceleration of the textile industry's pfer to Southeast Asia and the acceleration of the international layout of domestic textile enterprises, the "going out" of China's textile machinery equipment is facing great opportunities.

In the past two years, the domestic market situation of China's textile machinery has been adjusted, but the export market has become a bright spot.

In 2014, our country exported 3 billion 148 million textile machinery to 177 countries and regions, an increase of 24.64% over the same period last year.

In the 1~3 months of this year, China's textile machinery exported 759 million US dollars, an increase of 15.33% over the same period last year, and the top 5 export markets were India, Bangladesh, Vietnam, Indonesia and Pakistan.

With the further enhancement of competitiveness of textile industry in Southeast Asian countries, the export of China's textile machinery in these countries and regions will still have great potential for growth.

However, "lack of funds and market" is still a major problem that puzzles China's textile machinery equipment "going global".

According to the responsible person of China Textile machinery and technology import and Export Corporation, textile enterprises usually need huge amounts of money to purchase textile machinery equipment, especially complete sets of equipment, so they must borrow money from banks.

However, compared with some foreign competitors, China's textile machinery enterprises can provide a lot of supporting financing conditions: not only high interest rate and short duration, but usually only two years, while textile projects usually have a longer investment return period, 5~7 years, which means that textile enterprises generally need longer loan periods when purchasing equipment.

In addition, the related loan conditions are harsh, and many foreign textile users are small and medium sized private enterprises, and it is difficult to meet the requirements. In the link of credit insurance, the user enterprises also need to bear higher costs.

As a result, the international competitiveness of China's textile machinery equipment has been greatly weakened.

Actually,

The problem is a common problem encountered by enterprises in the process of "going out".

Therefore, the guiding opinions put forward that we should improve fiscal and tax support policies, increase financial support, give full play to the positive role of RMB internationalization, expand sources of financing funds, strengthen and improve export credit insurance, strengthen service guarantee and risk prevention and control, and provide support and services for enterprises to "go out".

Gu Dawei, director of the foreign investment division of the national development and Reform Commission, also said that various financial support, including policy finance, development finance, commercial finance and preferential loans, will be provided to support enterprises' "going global".

The relevant financial institutions will formulate specific implementation measures under the guidance, and the relevant measures will be implemented in the next step.

All kinds of financial institutions of Chinese capital should also speed up the "going abroad" and layout outlets overseas, so as to provide convenient financial services for Chinese enterprises to "go out".

On the other hand, the fluctuation of currency exchange rate of related countries will also affect the "going out" of textile machinery equipment.

For example, the Indonesian rupiah began to depreciate sharply in 2013, and has fallen by about 25%.

This means that the cost of purchasing new equipment is 25% more than that of the previous two years.

In this regard, the guiding opinions put forward that it is necessary to speed up the establishment of RMB cross-border payment system and improve the RMB global settlement system. This is the need for RMB internationalization and on the other hand, it is also one of the necessary measures to support Chinese enterprises' "going out".

If we can provide financial services to meet the needs of the users of spinning machines, China's textile machinery equipment will be "wings" and the industry urgently hopes that the relevant national support measures can be refined and implemented as soon as possible.