In The First 7 Months, The Loss Of China'S Textile Enterprises Reached 17.7%.

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Facing the pressure of rising cost and decreasing demand, the loss of enterprises in the first 7 months reached 17.7%, 5.3 percentage points higher than that of the same period last year, and the deficit of loss making enterprises increased by 109.3% over the same period last year.

According to the research report released by the Ministry of industry in September 5th, the total profit of textile enterprises above Designated Size reached 132 billion 300 million yuan in 1~7 months, down 1% from the same period last year.

The cotton mill of China Cotton Textile Association has seen a loss of 40% of its textile products, and less than 30 thousand spindles of spinning enterprises have cut production and production close to 50%.

The plight of the textile industry is mainly due to the weakening of market demand, the slowing down of domestic market demand, and the excessive price difference between domestic and foreign cotton.

Zhang Yansheng, Secretary General of the academic committee of the national development and Reform Commission, said that the domestic cotton price is 4000 yuan higher than the international cotton price, which has damaged the profits of the textile enterprises.

It is not the aggregate problem, but the structural and institutional issues.

According to the Ministry of industry data, by July 19th this year, the price of cotton at home and abroad was about 4100 yuan / ton.

The increasing price difference between domestic and foreign cotton has seriously weakened the international competitiveness of China's textile industry.

According to the US Department of commerce data, cotton imports from the United States dropped by 1.4% over the same period last month in 1~6 months, which made many enterprises in the textile industry feel the pain just a little.

But in the two years after the crisis, the western countries began to gradually adjust their consumption structure, while the cotton fabrics imported from India and Vietnam increased by 20.5% and 23.4% respectively.

The report said that because of the decline in international market prices, many textile exports "increase in volume does not increase", it is very difficult to maintain export growth.

The sales ability of stores determines the profit level and inventory pressure of garment enterprises.

Closing shop is not the only choice for clothing enterprises, but how to improve sales is the king's way.

1~7 months, China

Exports of textiles and clothing amounted to US $137 billion 400 million, down 0.2% from the same period last year.