China's entry WTO Sparks Rapid Expansion in China Textile Industry
Source: CCPIT TEX Date: 2006-12-13
China's textile industry has made great benefits since China entered WTO five years ago.
China's textile industry is deemed highly by the international society one of the most competitive industries under the system of multilateral trade since China’s textile industry coped with the complexity and many problems as its own striking development, changed its economic growing mode, enhanced its own innovative ability, rapidly enlarged its scale by the deepen reform and open outside.
Mr. Du Yuzhou, President of China National Textile and Apparel Council ( CNTAC) said that China’s textile industry enjoys the best developing period and fetches the global textile industry an opportunity after China’s accession to WTO.
The following realistic data in China’s textile industry could make you an retrospection:
▲ In 2001, the net value of capital asserts in textile sector for the sweeping enterprises reached RMB 371.946 billion, reaching RMB 572.036 billion in 2005 and RMB 626.5 billion by Oct., 2006.
▲ In 2001, China's textile export was USD 54.3 billion, attaining USD 117.6 billion in 2005, expecting USD 145 billion in 2006 increasing by 1.67 times compared with 2001.
▲ In 2001, the total employees for the sweeping enterprises had 7.634 million, 9.948 million in 2005 and 10.28 million by Oct., 2006, up by 35 per cent year-on-year.
▲ In 2001, the sale production value realized RMB 898.3 in 2001, RMB 2018.9 in 2005 and will get RMB 2018.9 2400 billion in 2006 up by 1.7 times.
▲ In 2001, the total profit was got RMB 25.8, RMB 70.9 billion in 2005 expecting RMB 92.8 in 2006 increasing by 2.6 times.
▲ In 2001, the total processing of fiber reached 269 billion tons in 2005, up by about 80 per cent compared with 2001. The fiber consumption in average for each person was 7.5 kg in 2001, the present is 14 kg which exceeds 27 per cent of the fiber consumption in average for each person in the world.
▲ In 2001, China's textile and clothing experts in 2001 was USD 53.44 billion, but China’s export of textile and clothing reached USD 115.3 billion in 2005 and USD 120 billion in Jan. –Oct.,2006.
The import of textile and clothing was USD 13.8 billion in 2001, USD 17.1 billion in 2005 and USD 14.8 in Jan.-Oct.,2006.
▲ In 2001, the export of textile and clothing by the three fund enterprise, which are China/foreign joint venture, China/ foreign cooperative and foreign fund, was USD 19.54 billion in 2001, USD 40.325 billion in 2005 up by 1.06 times.
▲ In 2001, the export of textile and clothing by the domestic enterprise was 33.86 billion in 2001 reaching USD 77.2 billion in 2005 up by 1.28 times.
▲ In 2001, the investment in China's textile industry made by foreign fund was USD 78.75 billion reaching USD 157.34 billion in 2005.
Source: CCPIT TEX
