Relevant experts from the China National Textile and Apparel Council analyzed that in 2012, the uncertainty of international market demand may increase, which will significantly impact the export of China's textile apparel. In the first quarter of this year, European heavily-indebted countries face a concentrated debt repayment period. The enormous debt repayment pressure may bring new shocks to the capital market, thus continuously weakening its support for the real economy, and the Eurozone economy may fall into recession. Moreover, the U.S. debt issue is another risk facing the international market. Once the U.S. fiscal policy experiences unexpected tightening, it will drag down the U.S. economic growth and become an uncertain factor in the global economy this year. Meanwhile, there are also signs of a slowdown in the economic growth of emerging economies, which may continue this year. Given the weak international market demand, it is difficult to improve in the short term, and the export growth rate of China's textile apparel may continue to decline.
In addition, looking at the domestic market in China, there are also some restrictive factors. Expanding domestic demand policies will play an important supporting role in the domestic market this year, but it should be noted that there are also adverse factors in domestic economic growth: such as the gradual exit of stimulus policies and strict real estate regulation policies, which will further slow down economic growth; rising costs of resources, labor, and finance will increase the operating costs of textile enterprises. Therefore, under the large background of slowing domestic economic growth and rising production and operation costs for enterprises, the operational pressure on China's textile industry will not ease.
Both domestic and international markets have always been the main driving forces for the development of China's textile industry. Although both domestic and international markets in China grew rapidly in 2011, their support for the textile industry has weakened. Industry experts predict that the operating environment for China's textile industry in 2012 will become more complex. To maintain healthy growth, it needs to carefully address challenges from all sides.
Today, reporters learned from the China National Textile and Apparel Council that key data on the operation of China's textile industry in 2011 showed a trend of slowing down month by month and quarter by quarter. Entering 2012, the macro-environment for industry operations remains very complex, and the risks faced by the industry in both domestic and international markets still exist.
The growth of the domestic market in 2011 slowed down. Despite the overall situation showing that the domestic sales growth rate of China's clothing and footwear category was significantly higher than the overall retail total growth level, since September, it has clearly shown a trend of monthly slowdown. From the overall domestic sales market growth rate, the domestic sales output value growth rate of China's textile industry in the first 11 months of last year significantly declined compared to the first 10 months. Meanwhile, China's export market has also been affected by weak international market demand, showing a trend of slowing growth.
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