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DEVELOPMENT OF CHINA'S INDUSTRY
Affected by the world's financial crisis, the global consumption confidence declined and the consumption market shank, thus China's light industry met with the first-ever difficulties, and especially the export reliance enterprises suffered more serious impacts. In 2008, there further arose operation difficulties of different levels in the light industry, with the benefits falling. Owing to dramatic decline of large orders and long-term orders of export, part of enterprises suffered serious losses to constitute hidden dangers to social stabilization. Currently, the market wait-and-see mood is serious, and it is difficult to recover the consumption confidence. Some enterprises reduced production and waited and saw the economic tendency through such ways as extending the holidays of the Spring Festival and suspending production for check and repair.
In 2008, the growth of main economic indicators of the light industry declined obviously, with profits being negative growth; throughout the year, enterprises above designated size accumulatively completed the total industrial production of RMB9.389804t, up by 24.54% year-on-year, with the growth falling by 4.67% from the same period of 2007.
From January to November of 2008, the enterprises above designated size in the light industry realized the profit and tax of RMB627.815b, up by 19.88% year-on-year, with the growth falling by 12.35% from the same period of 2007, and realized profits of RMB388.246b, up by 18.53% year-on-year, with the growth falling by 19.27% from the same period of 2007.
With respect to export, the accumulative export amount of the light industry stood at USD309.23b, up by 14.48% year-on-year, falling by 4.74% from the same period of 2007; on the current month of November, the export amount fell by 5.54% at a link relative ratio, and the growth of export amount on the current month of December reached 11.43%, slightly rising compared with November, up by 5.69%.
In terms of import, in 2008, the import amount of the light industry amounted to USD79.99b, up by 15.68% year-on-year, with the growth down 5.39% from the same period of 2007. From the fourth quarter of 2008, the growth of import amount declined consecutively, with the import amount of the current month of November down 9.16% year-on-year, the first monthly negative growth of import amount in recent years, and the growth of import amount on the current month of December dropped by 11.33% year-on-year, a new record low of the decline of the growth in 2008.
In 2008, the accumulative trade favorable balance of the light industry stood at USD229.24b, up by 14.05% year-on-year, down 4.55% compared with the growth of trade favorable balance of 2007. The proportion of the trade favorable balance of the light industry in the nationwide total declined to 77.59% from 104.37% in the first half of 2008 and 92.15% in the first three quarters of 2008.
At present, China's light industrial products remain comparatively large advantages in the international market and gains a good reputation. Though demands for light industrial products in the traditional markets of the Europe, the US and Japan fell and the difficulty of export to emerging markets and developing countries also slightly increased, as long as policies for them are appropriate, and then enterprises will also have a certain space of exploration. In view of the traits of the light industry and the present situation of demand in the domestic market, whether exploring new overseas markets is successful or not is the key for China's light industrial enterprises to solve the difficulty of operation in a short time.
At present, the light industry covers all areas necessary for people's life and has a strong complementarity. In 2008, gross output value of agricultural and sideline processing and food manufacturing industry accounted for 33.09% of that of the light industry, and only food production can ensure one third output value of the light industry. The domestic stabilized people's basic life demand and gradual expansion of other domestic demand market laid a foundation of the maintenance of the basically steady development of the light industry.
STATUS OF FOREIGN INVESTMENT
According to the statistics of MOFCOM, 287 foreign investment projects in Light Industry (Light Industry (Code C14,C15) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202）.) were newly set up in 2009, 116 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 1,693,870,000, up by 5.64％
year-on-year. The number of newly established foreign invested enterprises and the amount of the actual utilized foreign capital accounted for 1.22％and 1.88％
of the national total number or amount of foreign capital absorption in the Light Industry during the same period.
According to the source of foreign capital, calculated by the amount of the actual utilized foreign capital, in 2009, countries or regions: Hong Kong, Br. Virgin Is, Singapore, Japan, Taiwan prov ranked No.1 to No. 5 in the Light industry regarding the amount of FDI, accounting for 39.01%, 21.41%, 8.45%, 6.64%, 3.84% of the total amount of the actual utilized foreign capital of the industry separately.
In Light Industry in 2009, ten Asian countries/regions (Hong Kong, Macau, Taiwan, Japan, Philippines, Thailand, Malaysia, Singapore, Indonesia and Korea) newly set up 202 enterprises in China, with the actual utilized foreign capital of USD 1,016,800,000, down by 29.12％
and up by 16.35％
separately year-on-year. The number of the newly established enterprises and the actual utilized foreign capital accounted for 70.38％
and 60.03％
of the national total number or amount of foreign capital absorption in the same period.
The EU newly set up 14 enterprises in China, 51.72 less than that of the same period last year; the actual utilized foreign capital reached USD 61,130,000, down by 11.92％
year-on-year. The number of the newly established enterprises and the amount of the actual utilized capital accounted for 4.88％
and 3.61％
of the national total number or amount of foreign capital absorption in the same period.
The US newly set up 18 enterprises in China, down by 5.26％
year-on-year; the actual utilized foreign capital reached USD 33,320,000, down by 64.04％
year-on-year. The number of the newly established enterprises and the amount of the actual utilized capital accounted for 6.27％
and 1.97％
of the national total number or amount of foreign capital absorption in the same period.
According to regional foreign capital absorption, 186 foreign-invested Light Industry enterprises were newly set up in the Eastern area, with actual utilized foreign capital of USD 1,400,340,000. In the Eastern area, Guangdong Province, Hebei Province and Jiangsu Province ranked among the tops with respect to actual utilized foreign capital, had 27, 13 and 33 newly established foreign-invested enterprises separately, with the actual utilized foreign capital of USD 373,570,000, USD 199,160,000 and USD 191,400,000.67 foreign-invested Light Industry enterprises were newly set up in the Central region, with actual utilized foreign capital of USD 219,040,000. In the Central region, Hunan Province, Anhui Province and Jilin Province ranked among the tops with respect to actual utilized foreign capital, had 16, 5 and 10 newly established foreign-invested enterprises separately, with the actual utilized foreign capital of USD 123,160,000, USD 22,710,000 and USD 19,300,000.34 foreign-invested Light Industry enterprises were newly set up in the Western area, with actual utilized foreign capital of USD 74,490,000. Chongqing, Yunnan Province and Guangxi Zhuang Autonomous Region ranked among the tops with respect to actual utilized foreign capital, had 1, 3 and 7 newly established foreign-invested enterprises separately, with the actual utilized foreign capital of USD 27,600,000, USD 16,320,000 and USD 14,220,000.
According to utilizing manners of the foreign capital, newly established projects of Light industry in 2009 are as follows: 84 Chinese-foreign equity joint venture projects, 189 wholly foreign-invested projects, 14 Chinese-foreign contractual joint venture projects. The amount of the actual utilized foreign capital reached USD 395,760,000、USD 1,020,140,000 and USD 53,330,000 separately．
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