Domestic Textile Exports Will Have Negative Growth.

The volume of textile and clothing in the 104th Canton Fair dropped by 31.5% compared with the previous session.

The China Textile Import and Export Chamber recently released the textile summary report of the 104th Canton Fair. The textile and clothing Hall of the autumn trade fair closed a total of 3 billion 420 million dollars, down 31.5% from the previous one.

According to statistics, textile yarn, fabrics and finished products clinch a deal of 1 billion 630 million US dollars, down 23.7% compared with the previous one, and clothing turnover was 1 billion 770 million US dollars, down 27.8%.

In the main paction area, the European Union traded 1 billion 320 million dollars, down 28.6% compared with the previous session; the second place was the United States.

It is predicted that textile exports will encounter greater difficulties in 2009.

Fan Min, chief editor of the Ministry of Commerce's "Textile Business Week" and China's first textile network, pointed out that, from the analysis of the fundamentals of exports, the sharp decline in export volume directly reflected the sharp reduction in export orders. If it was only because of the increase in cost and the drop in profits caused by the drop in profits, it should not be too worried.

However, the main reason for the decline of export orders is mainly from the sharp shrinking of the international market demand. The duration of the contraction is mainly determined by the severity and uncertainty of the global economic crisis, and depends on the extent and breadth of its impact on the real economy and consumer economy.

There is no doubt that the main contradiction of the current economy is the sharp contraction of global consumption demand, which is the precursor of the global economic depression.

The State Council executive meeting chaired by Premier Wen Jiabao in November 12th decided that on the basis of the two increase in the export tax rebate rate in the second half of the year, it again decided to raise the export tax rebate rate of 3770 products from December 1st, involving some labor-intensive products, as well as Electromechanical, steel, chemical and other industries.

However, the adjustment rules have not yet been published. For this reason, the China Textile chamber of Commerce appealed that the state should raise export tax rebates to 17% and maintain exchange rate stability.

Fan Min pointed out that textile export enterprises felt that the enormous pressure brought by the economic crisis was more and more obvious. Over 90% of textile enterprises' export orders had dropped by more than 10%, and even some enterprises had no single connection.

In the case of a single connection, the export risk of uncertainty increases, and the phenomenon of payment and debt repayments frequently occurs, leading to a considerable number of enterprises who dare not answer.

Export enterprises have already received orders, basically maintaining the export of meager profits.

Zhong Hao Sen, general manager of Guangdong Province Textile Import and export Limited by Share Ltd, general manager, predicts that textile and clothing exports will show a negative growth in the first quarter next year.