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â— Total retail sales of consumer goods increased by 15.0% year-on-year. â— Clothing exports increased by 72.5% in March.
â—Textile and apparel profits increased by 15.6% â— Electricity consumption in March, the four provinces and cities in the southeast increased by 13.8%~30%
The National Bureau of Statistics announced on the 16th that the GDP in the first quarter reached 65.745 billion yuan, a year-on-year increase of 6.1%. China’s economy has seen “positive changes†and overall performance is better than expected. These signs indicate that the central government has achieved initial results in a series of policy measures taken in response to the challenges of the international financial crisis since October last year.
Consumption maintains steady and rapid growth. According to data released by the National Bureau of Statistics on the 16th, the total retail sales of consumer goods in the first quarter of this year was 2,939.8 billion yuan, up 15.0% year-on-year. After deducting the price factor, the actual growth rate accelerated by 3.6 percentage points year-on-year. Accelerate 1.1 percentage points.
In addition, the income of urban and rural residents also increased in the first quarter. Among them, the per capita disposable income of urban residents increased by 11.2% year-on-year, and the per capita cash income of rural residents actually increased by 8.6%. With the gradual expansion of the coverage of the social security system, the reform of the medical and health system has relieved the worries of the masses.
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The national economic operation data in the first quarter shows that, on the one hand, the consumption of urban and rural residents in China has not been affected by the impact of the financial crisis, and consumer confidence has not been greatly affected; on the other hand, consumption has never remained stable and fast. Growth, as faster growth in household income will support consumption growth. The income growth of urban and rural residents is strong, reflecting that there is still a solid foundation for China's consumption.
Export clothing increased by 72.5%
Li Xiaochao, spokesman of the National Bureau of Statistics, said on the 16th that in the first quarter, China's foreign trade situation remained grim, but the year-on-year decline in imports and exports was narrowing, and the chain rebounded sharply.
According to customs statistics, in March, China’s exports of labor-intensive products with strong market competitive advantages performed well. Among them, garment exports were US$7.43 billion, up 9.9% year-on-year; footwear was US$2.08 billion, up 7.7%. The luggage was 980 million US dollars, an increase of 11.7%. On a month-on-month basis, apparel exports increased by 72.5%, footwear increased by 42.6%, and luggage increased by 90.7%.
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In this year's government work report, Premier Wen Jiabao pointed out that efforts should be made to maintain stable growth of foreign trade. "We emphasize the expansion of domestic demand and must not relax exports." Although the textile tax rebate rate has not yet been "one step at a time", reaching 17%, this year the country has repeatedly raised the export tax rebate rate. It has already sent a signal: as the situation changes, the country is further formulating and issuing support for export development policies. .
The growth of clothing exports in March was an exciting news. This shows that China's garment exports are rapidly picking up and the pace of recovery is accelerating month by month, which also strengthens our confidence in boosting textile and garment enterprises.
Profit textile and garment industry increased by 15.6%
Consumption growth, household income growth, exports rose on a month-on-month, but corporate profits continue to decline? The opposite is true.
The national economic data released by the National Bureau of Statistics in the first quarter shows that industrial production growth has stabilized and enterprises have achieved overall decline in profits. From January to February, the profits of industries above designated size reached 219.1 billion yuan, a year-on-year decrease of 37.3%. Among the 39 industrial categories, 23 industries saw a decline in profits and 4 industries suffered losses. However, some industries still maintain growth or turn losses into profits. The textile and garment industry achieved a profit growth of 15.6%.
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In the case of a decline in profits in 23 industries and a loss in four industries, the textile and garment industry is able to achieve double-digit growth in profits. There are many reasons for this: PPI continues to fall, raw material costs of apparel companies continue to decline; more importantly, excellence The market share of apparel companies has expanded, and corporate advantages have emerged in the crisis.
In the development process of China's garment industry, a large number of well-known independent original brand enterprises have emerged, and they generally have high popularity in the domestic market. Because these enterprises have the advantages of early R&D investment, channel construction, sales terminal construction and brand operation, they have achieved differentiated positioning and have a relatively stable market share. Under the influence of the financial crisis, their competitive advantages gradually appeared, and their performance achieved rapid growth.
Electricity consumption in the southeastern provinces and four provinces as the economic leading indicator, power generation and electricity consumption can accurately reflect the economic situation, is considered to be an important indicator of whether the future economy can warm. Statistics show that power generation and electricity consumption are showing a trend of falling and rising. This shows that the current Chinese economy is undergoing positive changes.
According to the latest statistics of China Electricity Council, the electricity consumption of the whole society has rebounded significantly in March. As the two most active regions in China's economy, the “Yangtze River Delta†and “Pearl River Delta†regions are showing more signs of rising electricity consumption. Compared with February, Shanghai's electricity consumption in March increased by 13.8%, Jiangsu increased by 20%, Zhejiang increased by 30%, and Guangdong increased by 26%.
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Among the figures on the recovery of electricity consumption, the growth of electricity consumption in four provinces and cities such as Shanghai, Jiangsu, Zhejiang and Guangdong is particularly eye-catching. Examining these areas, we found that the four provinces and cities coincided with the main garment producing areas in China, and the garment production in the four provinces of Shanghai, Jiangsu, Zhejiang and Guangdong accounted for 67.77% of the total national garment production. From this we can judge that the production capacity of China's garment enterprises is gradually being released.
The above situation shows that China's economy is showing good signs, whether it is steady and rapid growth in consumption, or clothing exports growth of 72.5%; whether the textile and garment industry achieves a profit growth of 15.6%, or the southeastern four provinces and cities use electricity growth Undoubtedly, it has brought confidence to the further development of China's garment industry. In the Chinese economy, can the textile and garment industry take the lead in recovery and breakthrough? We can find confidence and basis from the above figures.
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