Textile Investment Growth Xinjiang Textile Investment Fever Rise

This year, the State Council document No. 2 issued the "guiding opinions on supporting Xinjiang's development of textile and clothing to promote employment". The state and Xinjiang autonomous region introduced investment preferential policies to stimulate enterprises from all over the country to enter Xinjiang's spindles, and the investment in Xinjiang became more intense.

Large enterprises such as Tianhong, Huafu, Ruyi, Jin Sheng, Zhen Lun, Heng Tian and so on have signed investment agreements, ranging from 1 million spindles to 3 million spindles.

We are worried that the spinning capacity in Xinjiang is growing too fast and overheating. We encourage the final products such as garments, home textiles, knitted goods and industrial textiles to go to Xinjiang.

The State Council approved Xinjiang's capacity of 18 million ingots (including Xinjiang's existing spindles and 7 million spindles) in 2020.

In the case of poor market capacity, small businesses in the mainland are mostly discontinued. Xinjiang's investment policy is preferential, the production cost per ton of yarn is 3000 yuan lower than that of the mainland, and the competitiveness of Xinjiang yarn is greatly improved. Next year, due to the competition between Xinjiang and Southeast Asian yarns,

Investment spindles are not competitive, and investment must be cautious.

The investment increased considerably. In the first half of the year, the investment was 239 billion 800 million yuan, an increase of 26.53%, an increase of 7 percentage points.

Investment in industrial textiles continued to maintain a relatively high growth rate, 1--7 actually completed 36 billion 100 million yuan, an increase of 24.38%; home textiles actually completed investment of 42 billion 700 million yuan, an increase of 25.05%, the growth rate has declined, but still maintained a high level.

According to the National Bureau of statistics, in 2015 1-7, China's textile industry actually completed 632 billion 900 million yuan in fixed assets investment, an increase of 16.04% over the previous year, 9385 new projects in the industry, an increase of 12.58% over the previous year, and a 10.5 percentage point increase in the growth rate.

From the perspective of new projects, the situation has improved and confidence has rebounded.

By the end of June 2015, the cotton textile industry actually completed investment of 99 billion 350 million yuan, an increase of 13.12% over the same period last year, and the investment growth rate increased by 3 percentage points. The cotton industry actually completed 33 billion 200 million yuan investment, an increase of 25%, and the investment growth rate increased 15 percentage points.

Investment is improving.

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In recent years, the rapid development of the textile industry in Asia and Africa has created a strong competition for our country, especially in terms of labor costs.

With the development of the industry and the continuous rise of domestic labor costs, China will gradually withdraw from a part of the low-end market.

Since the beginning of this year, the major market performance of textile and clothing exports in China has not been very satisfactory. Although the US market has eased, it has far failed to achieve the expected hope. There is no obvious signs of recovery in Japan and Europe.

In 2015 1-6, the export volume of textiles and clothing in China was 131 billion 862 million US dollars, down 2.91% from the same period last year, and the decline was narrowed compared with that in May.

Among them, textile exports amounted to 55 billion 653 million US dollars, down 0.55% compared with the same period last year, and clothing exports were 76 billion 208 million US dollars, down 4.56% compared with the same period last year.

The decline is less than last month.

To reverse export weakness.

Recently, the executive meeting of the State Council has decided to vigorously improve the efficiency of port clearance, promote integrated customs clearance, speed up the progress of export tax rebates, adjust and encourage imports of technology and product catalogues, keep the RMB exchange rate basically stable, encourage financial institutions to carry out export tax refund account custody loan business, and clean up and standardize import and export links fees.

Recently, the central bank announced that the RMB exchange rate has been lowered by more than 3%. After the stock market crash in August 25th, the central bank announced that the RMB deposit and loan interest rate would be reduced by 0.25 percentage points, and the bank deposit reserve should be reduced by 0.5 percentage points. These are the measures of the central government to adjust the economic policies to stimulate exports.