China's textile industry will slow down in the second half of 2010

In the second half of this year, China's textile industry will continue to show a steady upward trend, with steady growth in production, sales, exports and investment. However, due to the existence of a series of uncertainties, the industry may show a trend of “high before and after low” throughout the year, and the economic growth rate of the industry in the second half of the year will slow down from the first half of the year.

The reporter learned from the China Textile Industry Association on the 5th that in the first half of this year, most indicators of the Chinese textile industry have achieved double-digit growth. In the first six months, the industry's total industrial output value increased by 25.45% year-on-year, and the sales value increased by 25.94%.

According to the analysis, the market situation in the second half of the year will look at the international market. The current trend of global economic recovery is already obvious. It is expected that it will continue to rise in the second half of the year. However, due to the impact of regulatory factors such as the sovereign debt crisis, the economic recovery will slow down. Affected by this, exports of the textile industry will continue to rise in the second half of the year, but the growth rate will decline from the first half of the year, showing a trend of “high before and after low”.

With regard to the domestic market, with the continued rapid economic growth, the fall in CPI inflation, and the support of fiscal policies, domestic demand is expected to continue to grow. However, due to the impact of credit, industrial restructuring, and real estate control policies on investment, the domestic market needs in the second half of the year. There are certain uncertainties.

According to the China National Textile and Apparel Council, due to the impact of currency and exchange rate policies, and rising prices of factors of production such as raw materials, fuel power, and labor wages, the development of the Chinese textile industry will face certain pressure in the future.