CRI-Report on China's Textile Industry Operation 2010-2011
Source: PRLOG Date: 2011-05-18
In 2010, under the circumstances that the influence of the international financial crisis on the industry was not completely eliminated, the economic operation of China's textile industry maintained a favorable situation. The domestic market was continuously brisk and the industry's contribution to domestic sale was enhanced; the industry enjoyed steadily rising operation quality and continuously improved profitability; output value, output and investment recovered steadily, the market consumption confidence was enhanced gradually, and the total exports recovered gradually.
In January - November, 2010, China's textile industry realized the cumulative sales income of CNY 2.53 trillion, increasing by 28.24% YOY at the rate rising by 17.92% over the same period of 2009. By the end of 2010, the total assets in China's textile industry were CNY 1.83 trillion, increasing by 17.08% YOY at the rate rising by 6.74% over the same period of 2009; the number of enterprises was 33,218, increasing by 1,126 over the same period of 2009; the average number of employees was 6.11 million, increasing by 32,700 over the same period of 2009.
In 2010, China's textile industry saw a continuous rise in growth rates of output and sales as well as a significant supporting role of the domestic market. In January - November, 2010, China's textile industry realized the cumulative sales of CNY 2.52 trillion, increasing by 27.16% YOY at the rate rising by 17.70% over the same period of 2009.
In 2010, driven by global economic recovery and the full recovery of the textile industry, the investment confidence of China's textile industry recovered and the fixed assets investment grew rapidly. In 2010, China's textile industry realized the cumulative fixed assets investment of CNY 222.98 billion, increasing by 26.40% YOY at the rate rising by 11.60% over the same period of 2009.
