China'S Economy Shows The First Half Of The Report Card, Textile Industry For The "Midterm Examination" To Make Contributions!

China's economic development attracts worldwide attention. What's the result of this year's midterm exam? According to the preliminary GDP accounting data of the first half of the year released by the National Bureau of statistics, the GDP of the first half of the year was 53216.7 billion yuan, an increase of 12.7% year-on-year, 5.6% lower than that of the first quarter; The average growth rate in the two years was 5.3%, 0.3 percentage points faster than that in the first quarter. A spokesman for the National Bureau of Statistics said: in the first half of the year, the national economy can be said to have sustained and stable recovery, strengthened in stability, and improved in stability. From the current data, the textile industry has made its own contribution to this report card.

China's economic report card in the first half of the year

Since the beginning of this year, China's economy has continued to recover steadily and its operation quality has been further improved. There are four characteristics in general

1. Sustained and stable recovery of the economy and consolidation of the foundation for development

In the first half of the year, China's GDP was 53216.7 billion yuan, a year-on-year increase of 12.7% and an average growth of 5.3% in two years. Among them, the added value of the primary industry was 2840.2 billion yuan, a year-on-year increase of 7.8%, and an average increase of 4.3% in two years; The added value of the secondary industry was 20715.4 billion yuan, a year-on-year increase of 14.8%, and an average increase of 6.1% in two years; The added value of the tertiary industry was 29661.1 billion yuan, a year-on-year increase of 11.8% and an average increase of 4.9% in two years.

2. The production situation keeps improving and the driving force for development is continuously stimulated

In the second quarter, industrial production continued to grow rapidly. The industrial value-added increased by 8.8% year-on-year, driving the economic growth by 2.8 percentage points, with an average growth of 6.4% in two years. Among them, the value-added of manufacturing industry increased by 9.2% year-on-year, accounting for 28.3% of GDP, 0.8% higher than that of the first quarter, and the proportion recovery trend has continued for three quarters.

3. Consumption plays an important role in promoting the development of investment and net export

Consumption has a significant "ballast" effect on economic growth. With a series of policies to expand domestic demand and promote consumption, the factors of Qingming Festival, "May Day" and the Dragon Boat Festival have led to the steady recovery of the consumer market, and the pulling effect on economic growth has been significantly enhanced.

Investment demand has led to a sustained and stable recovery of the economy. All regions and departments conscientiously implement the Party Central Committee's decision-making and deployment, focus on "two new and one heavy" and weak points, increase the construction of major projects, expand effective investment, and support economic recovery. In the first half of the year, the contribution rate of total capital formation to economic growth was 19.2%, driving economic growth by 2.4 percentage points. Among them, the contribution rate of total capital formation to economic growth in the second quarter was 13.2%, driving economic growth by 1.0 percentage points. In the first half of the year, China's investment in fixed assets (excluding farmers) increased by 12.6% year-on-year, with an average increase of 4.4% in two years.

From January to May this year, fixed assets investment in textile industry increased by 17.1%, clothing industry by 8.3% and chemical fiber industry by 21.7%.

Net export demand continued to grow. The results of stabilizing foreign trade continued to show, and the growth of import and export was good. In the first half of the year, the contribution rate of net exports of goods and services to economic growth was 19.1%, driving economic growth by 2.4 percentage points, and the average economic growth was 1.1 percentage points in two years.

According to the customs data, China's textile and clothing exports maintained a steady growth in the first half of the year. In terms of RMB and US dollar, they increased by 3.3% and 11.9% respectively over the same period last year, and also maintained a rapid growth compared with the same period in 2019. Among them, textiles decreased year-on-year due to the decline of mask export, and clothing grew rapidly driven by the recovery of foreign demand.

4. New driving forces boost economic recovery, and new formats release market vitality

The development momentum of new momentum is good, and the performance of emerging industries is active. In the first half of the year, the added value of high-tech manufacturing industry above designated scale and equipment manufacturing industry increased by 22.6% and 22.8% respectively, which were 6.7 and 6.9 percentage points higher than those of all industries above designated size.

Textile contributes to the stable recovery of industrial economy

In the first half of 2021, the achievements of overall epidemic prevention and control and economic and social development continued to consolidate, the industrial economy continued to recover steadily, the capacity utilization rate was at a high level in recent years, the export maintained rapid growth, and the enterprise efficiency improved. Among them, the economic performance of the textile industry is stable, the utilization rate of production capacity has risen significantly, and the export of epidemic prevention materials has increased significantly, which has contributed to the steady growth of industrial economy.

1. Steady growth of industrial production and high capacity utilization

Industrial production increased rapidly, and the growth rate was higher than that before the epidemic. From January to June, the added value of industries above designated size increased by 15.9% year-on-year, and the growth rate decreased by 8.6 percentage points compared with the first quarter; The average growth rate in two years was 7.0% (based on the corresponding number of the same period in 2019, calculated by geometric average method), which was 0.2 percentage points faster than that in the first quarter, and the growth rate was slightly higher than that before the epidemic. Among them, the manufacturing industry, as one of the three major categories, grew by 17.1%, with an average growth rate of 7.5% in two years, which was higher than the level before the epidemic, and became a ballast stone for stable and stable industrial production.

More than 80% of the industries and products achieved growth. In terms of industries, from January to June, 39 of the 41 major industries achieved year-on-year growth in added value, of which 29 industries achieved double-digit growth; From an average of two years, 35 industries have achieved growth, with an industry growth rate of 85.4%. In terms of products, from January to June, the output of 535 of 612 major industrial products increased year on year, with an increase of 87.4%.

The capacity utilization rate is at a high level in recent years. From January to June, the industrial capacity utilization rate was 77.9%, 6.8 percentage points higher than the same period last year and 1.7 percentage points higher than the same period in 2019, which is a higher level in recent years. Among them, the production capacity utilization rate of textile and chemical fiber industries rebounded significantly, with an increase of more than 9 percentage points compared with the same period last year.

Second, the trend of industrial upgrading is obvious, and the new driving force is growing

The leading role of equipment and high-tech manufacturing industry is highlighted. From January to June, the added value of equipment manufacturing industry and high-tech manufacturing industry increased by 22.8% and 22.6% respectively, significantly higher than that of other industries; The average growth rate in the two years was 11.0% and 13.2% respectively, which was higher than that in the first quarter, and was more than 4% higher than that of industries above designated size.

3. The production of raw materials has basically recovered and the production of consumer goods has continued to improve

The raw material industry grew steadily. From January to June, the added value of raw materials industry increased by 12.8% year-on-year, with an average growth of 6.0% in two years, close to the level before the epidemic. Among them, the non-metallic mineral products, chemical raw materials and steel industry increased by 18.8%, 14.5% and 11.5% respectively, with an average growth rate of more than 6% in two years.

The consumer goods industry continued to recover. From January to June, the added value of consumer goods industry increased by 13.5% year on year, with an average growth of 4.8% in two years. Among them, the growth rate of food, textile, paper, chemical fiber and other industries was 8.2% - 13.4%, showing a gradual recovery trend.

3. Rapid growth of industrial exports and strong export of key commodities

The value of industrial exports increased rapidly. From January to June, China's industrial export delivery value increased by 22.9% year-on-year, with an average growth rate of 8.1% in two years.

The export of anti epidemic related materials increased significantly. Among them, the overseas demand for raw materials for epidemic prevention products is strong, which drives the export delivery value of chemical fiber manufacturing industry to increase by 51.8%. The export of medical and other anti epidemic and transportation equipment and materials provides strong support for global anti epidemic and economic recovery.

4. The profits of industrial enterprises have increased and their operating conditions have continued to improve

The profits of industrial enterprises increased rapidly. From January to may, the profits of Industrial Enterprises above designated size increased by 83.4% year on year, with an average growth rate of 21.7% in two years, continuing the rapid growth momentum since the second half of last year.

From January to May this year, 33000 Textile Enterprises above Designated Size in China have achieved an accumulated operating income of 1890.01 billion yuan, an increase of 20.8% over the same period of last year; The total profit was 89.17 billion yuan, up 56.4% year on year; The profit margin of operating revenue was 4.7%, with a year-on-year increase of 1.1 percentage points.

In the first half of the year, the industrial economy has been stable and strengthened, but the imbalance among enterprises, industries and regions has intensified. The impact of rising commodity prices on the middle and lower reaches of the industry has increased. There are still breakpoints and blocking points in the supply chain of the industrial chain. There are many external uncertain factors, and the stable recovery of the industrial economy is still facing many challenges. In the next step, we should focus on accelerating the construction of a new development pattern, continue to adhere to the strategic basis of expanding domestic demand, take effective measures to deal with the excessive rise of commodity prices and its associated effects, ease the cost pressure of small and medium-sized enterprises, strengthen the collaborative innovation of the upstream and downstream of the industrial chain, and consolidate the steady growth trend of the industrial economy.

Key questions of textile industry are answered

Based on the latest data in the first half of the year, the heads of relevant departments gave answers to key industrial issues such as green transformation, energy conservation and low-carbon, rising commodity prices, and policy guidance and development direction in the second half of the year.

　　 Green development

Under the guidance of the dual carbon target, many high energy consuming industries have begun to explore green transformation. How can the Ministry of industry and information technology direct the green transformation of high energy consuming industries? What is the next step to guide the green development of industrial industry?

Huang Libin, spokesman of the Ministry of industry and information technology and director of the operation monitoring Coordination Bureau: industry is one of the important areas of energy consumption and carbon emission in China. Promoting green industrial development is a positive and effective measure to fulfill the promise of carbon peak and carbon neutralization. Our ministry is about to issue the "14th five year plan" industrial green development plan and the "14th five year plan" raw material industry development plan. From the aspects of industrial structure, energy consumption, production process, resource utilization and product supply, the Ministry will promote the green and low-carbon transformation of industry and its high energy consumption industry, strengthen the supporting role of green manufacturing system, and increase the intensity of emission reduction and carbon reduction from the source.

Our ministry will accelerate the implementation of carbon peak action in the industrial field, work with relevant departments to formulate implementation plans for carbon peak in key industries such as nonferrous metals, building materials, steel, petrochemical, etc., clarify the implementation path of industrial carbon reduction, promote major low-carbon technologies and processes, carry out major project demonstration of carbon reduction, and promote the implementation of carbon peak goals and tasks in various industries.

In the next step, we will focus on the following six aspects:

One is to promote the transformation of high-end industrial structure. We will resolutely curb the blind development of the "two high-tech" projects, improve and strictly implement the policies related to capacity replacement, promote the elimination of backward production capacity, and develop strategic emerging industries and high-tech industries.

Second, accelerate the transformation of low-carbon energy consumption. We should increase the proportion of clean energy consumption, improve energy utilization efficiency, improve energy management and service mechanism, and build a clean, efficient and low-carbon industrial energy structure.

The third is to promote the recycling transformation of resource utilization. We will promote the coordinated utilization of primary resources and the recycling of renewable resources, promote the large-scale comprehensive utilization of industrial solid waste and the economical utilization of water resources, and reduce the production of industrial solid waste and waste water.

The fourth is to promote the clean transformation of production process. We will vigorously promote green design, promote the implementation of clean production technology transformation of existing enterprises, promote advanced and applicable environmental protection equipment in key industries, and promote the formation of stable and efficient governance capacity.

The fifth is to guide the green transformation of product supply. We will increase the supply of green and low-carbon products and green environmental protection equipment to provide a solid guarantee for the comprehensive green and low-carbon transformation in all fields.

Sixth, improve the support system of green manufacturing. We should build a green public service platform, improve the green manufacturing standard system, run through the green supply chain management, and improve the long-term mechanism of industrial green low-carbon transformation.

　　 Commodity prices rise

Data show that PPI rose by 5.1% in the first half of this year, an increase of 3 percentage points over the first quarter. May I ask the Ministry of industry and information technology how to view the cost pressure brought by the rise of PPI on the downstream enterprises, and whether there will be further measures to help SMEs cope with the crisis?

Huang Libin: affected by the rapid economic recovery and multiple internal and external factors, since the beginning of the year, the prices of raw materials have risen sharply and fluctuated at a high level. In the first half of the year, the average industrial producer price (PPI) rose by 5.1%. In the second quarter, the year-on-year increase of PPI was obviously expanding, which put great pressure on the costs of the middle and lower reaches industries and related enterprises, and squeezed the profit space of enterprises. Among them, most of the small and medium-sized enterprises are in the middle and lower reaches of the industrial chain, and their bargaining power is not strong. It is difficult to digest the pressure of rising costs caused by the sharp rise of raw materials in a short period of time. The impact of rising costs on the production and operation of small and medium-sized enterprises is relatively more prominent.

The causes of this round of commodity price rise are complex. On the whole, global demand recovers faster than supply, domestic demand recovers faster than international demand, and liquidity releases faster than real economy recovery. Price rise is, to a certain extent, the result of interwoven and superimposed effects of supply-demand mismatch, external input influence and speculation. From the later trend, different from the "super cycle" of two rounds of commodity price rise in the 1970s and the beginning of this century, this round of price rise is more the result of the superposition of short-term factors. However, the deep-seated contradictions such as high global debt, polarization between the rich and the poor, and aging population determine that the long-term expansion of demand is difficult, and the possibility of obvious supply contraction is relatively small, Therefore, it is difficult to form a "super cycle".

The Party Central Committee and the State Council attach great importance to the impact of rising raw material prices on the middle and lower industries and small and medium-sized and micro enterprises. The executive meeting of the State Council focused on the issue of excessive rise in commodity prices. Recently, monetary policy tools such as reducing the reserve requirement were used to further strengthen financial support for the real economy, especially small and medium-sized enterprises, to hedge the impact of rising commodity prices on the production and operation of enterprises.

In the next step, we will cooperate with relevant departments to ensure the supply and price of bulk commodities, strengthen publicity and guidance and policy interpretation, support the upstream and downstream industries to establish a long-term stable cooperative relationship, guide the upstream and downstream of the industrial chain to stabilize the supply of raw materials and the supporting cooperation of production, supply and marketing, and cooperate to cope with the risk of market price fluctuation. We must resolutely combat hoarding, malicious speculation, and The act of driving up prices.

(source: China Textile News)