Shandong Economic And Trade Commission: Various Unfavorable Factors Will Continue To Affect The Economic Operation Of Shandong'S Textile Industry.
A few days ago, the economic and Trade Bureau of Shandong economic and Trade Commission analyzed and predicted the operation of the three major industries of textile, machinery and light industry in the second half of the year. The results show that the three industries are not optimistic in the second half of the year.
The growth rate of textile industry will drop somewhat.
According to the analysis, resource constraints such as raw materials, capital, electricity and pportation capacity will continue to affect the operation of Shandong's textile industry. The high price of cotton has seriously threatened the international competitiveness of China's cotton textiles. Although the difference between domestic and international cotton prices began to shrink in May, the price per ton was still higher than the international cotton price of more than 1000 yuan. The contradiction between resources development and the development of chemical fiber industry is more prominent.
The tight lending policy of banks to the textile industry will have a greater impact on the operation of the textile economy. Since April of this year, domestic cotton prices have been on the decline due to bank loans, imports of cotton, adjustment of product mix, and increase of chemical fiber consumption. The decline in product prices is higher than the price of raw materials.
In addition, the export cost will be increased due to the reduction of export tax rebate rate, and the export of low value-added products will be difficult. General trade exports will fall back.
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