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Exponential Growth

China's first year of WTO membership brought extraordinary growth and increased profits to the country's textile industry.

Jim Borneman, Editor In Chief


Exponential Growth China's first year of World Trade Organization membership brought extraordinary growth and increased profits to the country's textile industry.How fast is Chinas textile industry growing One look at the recently released Report on China Textile Industry Development, a collection of statistical studies covering various sectors of the Chinese textile industry published by the China National Textile Industry Council (CNTIC), provides the obvious answer. The results from 2002 were groundbreaking, and there is every indication that the trend will be maintained for the foreseeable future.Compared with 2001, the amount of fiber processed throughout China in 2002 increased to a total of 17.5 million tons, valued at 1,850 billion yuan ($223.8 billion). The 2002 total was more than five times the amount of fiber processed in 1980 and almost three times the amount processed in 1990. The report reveals that sales generated by all segments of the textile industry have reached historic highs, with increases in both domestic and export markets.A survey of enterprises of considerable size conducted by CNTICs Statistics Center shows textile sales increased by 15 percent in 2002 to more than 1,002 billion yuan ($121.3 billion). The survey also shows an improving profit picture the industry saw profits reaching 33.7 billion yuan ($4 billion) in 2002, representing a 25-percent gain over 2001 levels. The 2002 profit rate of 3.36 percent illustrates ever-improving profits that CNTIC says were enhanced by reductions in business fees. Management cost rates fell from 6.1 percent in 1998 to 4.5 percent in 2002; finance cost rates also decreased from 3.7 percent in 1998 to 1.6 percent in 2002.CottonIn the cotton sector, the China Cotton Textile Association (CCTA), citing an economic situation considerably better than the previous year, reported an increase in profit of more than 60 percent compared with the previous year. CCTA also pointed to the trend of market competition concentrating around coastal areas [and] raw material manufacturing areas, [and among] big exporters and non-state-owned enterprises.CCTA reported China imported 176,600 tons of cotton in 2002 a 196-percent increase from the previous year. The United States provided 90,500 tons and was the largest supplier. On the other hand, China exported approximately 149,500 tons of cotton in 2002 a 180-percent increase from 2001 with primary destinations in Southeast Asia. Xinjiang province alone exported 139,600 tons, or 93 percent of the export total.In terms of cotton yarn and fabric production, Chinas average monthly yarn production reached 700,000 tons. Moreover, the report says six provinces Hebei, Jiangsu, Zhejiang, Shandong, Henan and Hubei account for 5.8 million tons, or 68 percent, of Chinas annual yarn output.Of the 8.5 million tons of yarn produced, 95 percent was sold domestically. Of the 32.2 billion meters of cloth produced, 88 percent was sold in the domestic market.In terms of export, the report states that in 2002, China exported 388,400 tons of cotton yarn worth more than $1 billion, representing a 58-percent increase over 2001. The export of cotton fabric increased by 35 percent to reach 4.2 billion meters worth $3.7 billion.Textile MachineryThe textile machinery sector, which includes garment and leather equipment, also saw growth. The China Textile Machinery and Accessories Association reported a gross output value of 29.6 billion yuan ($3.6 billion) at a growth rate of 31 percent. However, of the 592 enterprises in the industry, 113 (19 percent) suffered losses in 2002. Of the 132 state-owned or state-held enterprises, 52 (39 percent ) reported losses.On the other hand, the value of imported machinery reached $3.5 billion, a 40-percent increase over 2001. Exports of machinery increased by 28 percent to reach a historic $357 million. Shuttleless weaving machines posted the fastest growth among all machinery products air-jet and water-jet loom exports doubled from 2001 levels and exceeded 20,000 units for the first time.ApparelThe China National Garment Association (CNGA) also reported substantial growth. A CNGA survey reveals a 9-percent increase in 2002, achieving a total output of 12.2 billion pieces classified as shuttle-woven garments. Seventeen provinces had increases in this category, with Hunan at the top reporting 45 percent, according to a National Bureau of Statistics (NBS) report. CNGA added that the garment and accessory export value of the year amounted to $41.3 billion, accounting for 71 percent of the gross textile export value, or 13 percent of the gross export value of the whole country.Industrial TextilesIndustrial textile products also participated in the Chinese textile industrys unprecedented growth. The China Nonwovens and Industrial Textiles Association reported production reached 530,000 tons in 1988. Output rose to 1.7 million tons in 2000 and 1.9 million tons in 2001. By 2002, output reached 2.1 million tons and now includes categories ranging from 230,000 tons of medical and hygienic textiles to 40,000 tons of cloth used in defense-related applications. Editors Note: The China National Textile Industry Councils 2002-03 Report on China Textile Industry Development provides statistics related to Chinese domestic textile production and economic activity, as well as international statistics. It also reports on Chinas 12 industry sectors and member associations. For additional information, contact Jim Borneman jborneman@TextileIndustries.com. October 2003



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