China’s Keqiao Textile Index rises and the textile industry shows signs of warming
Let’s focus on the Yangtze River Delta region. Zhejiang enterprises are mainly in light industry, accounting for 1/5 of Zhejiang’s textile industry. After the country increased the export tax rebate rate several times and the United States lifted restrictions on textile imports from China, textile products showed a restorative growth trend. Next, we will go to Shaoxing, Zhejiang, an important textile manufacturing base in China, to see the construction situation there.
The reporter is now in a printing and dyeing workshop of Rainbow Cutting Enterprise in Binhai Industrial Zone, Shaoxing County. As you can see, the wall behind me is full of orders. This enterprise started from March this year, 24 Production has been started around the clock, and a new assembly line has been launched. The company’s production orders have been scheduled to mid-to-late May.
This company used to account for 65% of its export sales. After the financial crisis, the export market shrank and the company once took measures to limit production. But then they quickly adjusted their products and vigorously developed the domestic market, achieving a balance between domestic and foreign sales. Half-open, the company’s five printing production lines are currently operating at full capacity and producing at full capacity.
Zhou Rusheng, director of the China Textile City Construction Management Committee, said: “The market continues to maintain a high opening rate, and the number of business households is increasing. In the first quarter, 878 companies and business households were added. Foreign trade has declined. Under this situation, the growth of domestic trade is relatively obvious.”
China Textile City is regarded as the vane of China’s textile industry. The reporter learned that in the first quarter of this year, the total transaction volume here reached 15.325 billion yuan, a year-on-year increase of 5%. The newly released “China Keqiao Textile Index” also shows that in the first quarter, Shaoxing’s textile industry’s foreign trade prosperity, corporate production confidence, market circulation confidence, freight volume and other indices have rebounded, especially the corporate prosperity index and entrepreneur confidence. The index rebounded by 19.76% and 38.69% respectively compared with the fourth quarter of last year.
In addition to Shaoxing’s textile industry, the economies of Yiwu and Wenzhou, two other representative regions in Zhejiang, have also shown signs of recovery. New relevant data shows that in this quarter, the Yiwu market achieved a turnover of 11.306 billion yuan, a year-on-year increase of 14.17%, and the overall market situation has improved significantly. Among Wenzhou enterprises with a sales output value of more than 100 million yuan, 70% of the orders in the first half of this year were the same as the same period last year or increased by more than 10%
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