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DEVELOPMENT OF CHINA'S INDUSTRY
In 2008, affected by insufficient foreign demand, the textile industry was featured with production depression, export frustration and efficiency decline. All the year, the added value of the textile industry increased by 10.3% compared with 2007, with the growth falling by 6.2% year-on-year; the export delivery value rose by 4.7%, with the growth falling by 9.5% year-on-year.
In 2008, the growth of gross production and products sales value of the textile industry both slightly fell compared with 2007. Among them, the total industrial production of the textile industry increased by 14.5% year-on-year, with the growth down 7.1% from the same period of 2007; the total industrial production of textiles, garments, shoes and hat manufacturing rose by 18.8%, with the growth down 3.9% from the same period of 2007. Production of all sub-industries all kept steady growth and the growth of production of other sub-industries, except the manufacturing of textile surface fabric shoes, all slowed down from the same period of 2007.
In 2008, the growth of the sales value of the textile industry maintained rapid growth, but slightly slowed down from the same period of 2007. Among them, the sales value of the textile industry rose by 14.7% year-on-year, with the growth down 6.6% from the same period of 2007; the sales value of the textiles, garments, shoes and hat manufacturing increased by 18.6% year-on-year, with the growth down 4.3% from the same period of 2007. In the sub-industries, the sales value of textile surface fabric shoes and hat manufacturing increased rapidly, with the growth 29% and 20.8% year-on-year respectively; bast fibre manufacturing, tiffany textile and finish machining manufacturing grew slowly year-on-year, with the growth no less than 10%.
With respect to import, in 2008, the export of China's textiles and garments amounted to USD18.52b, up by 8.2% year-on-year, with the growth down 10.7%; the accumulative export of cotton textiles and garments USD66.25b, up by 6.5% year-on-year, with the growth down 11.7%.
In 2008, the growth of investment in fixed assets of the textile industry significantly declined. Throughout the year, investment in the fixed assets of the textile industry rose by 1.3%, falling by 19.6% from the same period of 2007; investment in the fixed assets of the garment industry increased by 19%, falling by 17% from the same period of 2007.
In 2008, the growth of the total industrial production and total sales value of small-sized enterprises taking the dominant position in the textile industry continuously took the lead, and the growth of medium-sized enterprises was slow. The growth of the total industrial production and total sales value of large, medium and small-sized enterprises all slightly declined from the same period of 2007.
Among the textile enterprises of different ownerships, the total industrial production and industrial sales value of private enterprises grew rapidly, with the growth approaching nearly 20%. The accomplished total industrial production and industrial sales value respectively reached RMB1.0282t and RMB1.0046t, up by 19.4% and 19.5% year-on-year respectively. The operation situations of state-owned enterprises are comparatively poor, with the total industrial production and industrial sales value both slightly declining compared with 2007. Playing a key role in the growth of the textile industry remains the private enterprises.
Among the textiles, garments, shoes and hat manufacturing, the growth of the total industrial production and industrial sales value of such enterprises as state-owned enterprises, collectively-owned enterprises, joint-equity cooperative enterprises and share-issuing enterprises all slightly sped up from the same period of 2007, among which collective-owned enterprises especially stood out, with the growth of the total industrial production and industrial sales value both exceeding 20%. The growth of the total industrial production and industrial sales value of private enterprises taking the lead position maintained relatively a high level, but slightly declined compared with 2007.
In 2008, the completeness of profits of the textile industry significantly dropped. Among them, the textile industry accumulatively realized the total profits of RMB67.495b, up by 9.3% year-on-year, down 22% from the same period of 2007; the amount of loss of the enterprises running in the red increased by 61.2% year-on-year, with the growth rising by 40.2% from the same period of 2007. Among the sub-industries, what the highest growth of profits is textile product manufacturing, realizing the profits of RMB10.302b, up by 20.6% year-on-year.
STATUS OF FOREIGN INVESTMENT
According to the statistics of MOFCOM, 324 foreign investment projects in Textile industry(Textile Industry (Code C17) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202).) were newly set up in 2009, 33 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 1,392,310,000, down by 23.64%
year-on-year. The number of newly established foreign invested enterprises and the amount of the actual utilized foreign capital accounted for 1.38%and 1.55%
of the national total number or amount of foreign capital absorption in the Textile 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, United States, Bermuda, Japan ranked No.1 to No. 5 in the Textile industry regarding the amount of FDI, accounting for 56.52%, 8.81%, 3.9%, 3.4%, 3.19% of the total amount of the actual utilized foreign capital of the industry separately.
In Textile industry in 2009, ten Asian countries/regions (Hong Kong, Macau, Taiwan, Japan, Philippines, Thailand, Malaysia, Singapore, Indonesia and Korea) newly set up 265 enterprises in China, with the actual utilized foreign capital of USD 951,610,000, down by 8.3%
and down by 15.64%
separately year-on-year. The number of the newly established enterprises and the actual utilized foreign capital accounted for 81.79%
and 68.35%
of the national total number or amount of foreign capital absorption in the same period.
The EU newly set up 10 enterprises in China, 47.37 less than that of the same period last year; the actual utilized foreign capital reached USD 49,780,000, down by 1.64%
year-on-year. The number of the newly established enterprises and the amount of the actual utilized capital accounted for 3.09%
and 3.58%
of the national total number or amount of foreign capital absorption in the same period.
The US newly set up 11 enterprises in China, down by 26.67%
year-on-year; the actual utilized foreign capital reached USD 54,290,000, down by 33.39%
year-on-year. The number of the newly established enterprises and the amount of the actual utilized capital accounted for 3.4%
and 3.9%
of the national total number or amount of foreign capital absorption in the same period.
According to regional foreign capital absorption, 264 foreign-invested Textile enterprises were newly set up in the Eastern area, with actual utilized foreign capital of USD 1,310,600,000, accounting for 81.48% and 94.13% of the national total number or amount of foreign capital absorption in the same period. In the Eastern area, Jiangsu, Guangdong Province and Zhejiang Province ranked among the tops with respect to actual utilized foreign capital, had 90, 52 and 59 newly established foreign-invested enterprises separately, with the actual utilized foreign capital of USD 400,770,000, USD 361,270,000 and USD 354,330,000, accounting for 28.78%, 25.95% and 25.45% of the total amount of the actual utilized capital of the industry in the Eastern area separately.
52 foreign-invested Textile enterprises were newly set up in the Central region, with actual utilized foreign capital of USD 76,680,000, accounting for 16.05% and 5.51% of the national total number or amount of foreign capital absorption in the same period. In the Central region, Jiangxi Province, Hubei and 0 ranked among the tops with respect to actual utilized foreign capital, had 19, 6 and 12 newly established foreign-invested enterprises separately, with the actual utilized foreign capital of USD 28,720,000, USD 19,980,000 and USD 11,760,000, accounting for 2.06%, 1.44% and 0.84% of the total amount of the actual utilized capital of the industry in the Central region separately.
8 foreign-invested Textile enterprises were newly set up in the Western area, with actual utilized foreign capital of USD 5,030,000, accounting for 2.47% and 0.36% of the national total number or amount of foreign capital absorption in the same period. Xinjiang Uygur Autonomous Region, Guangxi Zhuang Autonomous Region and Chongqing ranked among the tops with respect to actual utilized foreign capital, had 2, 2 and 1 newly established foreign-invested enterprises separately, with the actual utilized foreign capital of USD 2,310,000, USD 1,980,000 and USD 500,000, accounting for 0.17%, 0.14% and 0.04% of the total amount of the actual utilized capital of the industry in the Western area separately.
According to utilizing manners of the foreign capital, newly established projects of Textile industry in 2009 are as follows: 52 Chinese-foreign equity joint venture projects, 272 wholly foreign-invested projects. The amount of the actual utilized foreign capital reached USD 292,070,000 and USD 1,054,230,000 separately.
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