Only adjustment can revitalize
The General Administration of Customs recently announced this year’s new foreign trade statistics. In January, my country’s total import and export value was US$141.8 billion, a year-on-year decrease of 29%. Among them, exports were US$90.45 billion, down 17.5%; imports were US$51.34 billion, down 43.1%. Looking at specific categories, clothing exports reached US$10.51 billion, an increase of 5.7%. Although the growth rate dropped by 16.6 percentage points compared with the same period last year, the ability to maintain growth in the context of the international financial crisis gave the industry some comfort.
The clothing industry is the key to my country’s key regulation. Since 2008, the state -raised export tax refund rate has been favorable for it. The increase in the export tax rebate rate has brought profit margins to garment companies to a certain extent and improved the competitiveness of export products.
Compared with clothing, the situation of textiles is not so optimistic. Exports of textile yarns, fabrics and products were very difficult in January, with exports falling by 12.3%. Why does the increase in export tax rebate rate have no obvious effect on textiles? Sui Liming, general manager of Beijing Kangte Garment Co., Ltd., told the author that the reasons for the decline in textile exports are complicated. Last year, some clothing orders were transferred to neighboring countries, boosting the export of textile products such as fabrics and yarns. As the cost of clothing production dropped this year, some clothing orders returned to the country from neighboring countries. As a result, clothing exports were better than textiles in January. But entering February, clothing export orders are also declining. Judging from the sales of Kangte Garment Company, the number of clothing export orders in the first half of the year is only equivalent to more than one month’s export volume in previous years.
From the above situation, it can be seen that the export of textiles and clothing slows down, the root cause is that the demand for the international market has decreased. The export tax refund rate is increased by 1 or 2 percentage points. Market demand will not expand as a result. If textile and garment export enterprises want to overcome the current difficulties, they must correctly understand the intention of the national plan and realize that revitalization can only be achieved through adjustments.
The plan released this time emphasizes the “four major adjustments” of market structure adjustment, product structure adjustment, industrial structure adjustment and regional structure adjustment, and highlights the key areas, key enterprises and key technologies encouraged and supported by the state. , which is in line with the country’s macro-policy of independent innovation, energy conservation and consumption reduction. For more small and medium-sized enterprises, it gives them more room to survive.
This textile industry revitalization plan will speed up the industry reshuffle and is conducive to the adjustment and upgrading of the entire textile industry, which also leaves a lot of expectations for the market.
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