In 2009, China's machinery and equipment manufacturing industry will continue to maintain growth

The relevant person in charge of the Ministry of Industry and Information Technology stated on the 3rd that due to the impact of the international financial crisis, the export market is sluggish. It is expected that China's cotton textiles and cotton clothing exports will continue to maintain negative growth in the first half of 2009. The intensification of domestic sales competition may lead to low price dumping, which will cause more enterprises to lose their already meager profit margins.

The overall operation of China's cotton textile industry was relatively difficult in 2008. The growth rate of gauze production further fell, the export of cotton textiles and cotton clothing declined, fixed assets investment declined, the profit growth continued to decline, and the number of employed persons increased.

According to relevant statistics from the Ministry of Industry and Information Technology, the total export value of cotton textiles and cotton clothing in China was 71.7 billion US dollars in 2008, a year-on-year decrease of 0.41%. Among them, textile exports amounted to 20.8 billion US dollars, a year-on-year increase of 14.16%; Cotton clothing exports amounted to 50.9 billion US dollars, a year-on-year decrease of 5.35%.

The person in charge of the Ministry of Industry and Information Technology stated that it is expected that the profit growth rate of China's cotton textile industry will continue to decline in the first half of 2009, and the entire industry will face difficulties. Since the fourth quarter of 2008, relevant departments of the country have issued a series of supportive policies for the textile industry, including raising export tax rebate rates, introducing the six national regulations, and formulating plans for the adjustment and revitalization of the textile industry. These policies will play a positive role in helping China's cotton textile industry overcome difficulties and restore confidence in its development.