Textile Industry To Revitalize Or Set Up Special Funds

      纺织业振兴规划提案已上交发改委，有意设立专项资金并提升产业类纺织品需求

The NDRC will launch a revitalization plan for nine industries such as textiles, including the revitalization plan of the textile industry, or special funds for structural adjustment and industrial upgrading to promote the growth of domestic demand.

According to "finance and economics" reporter, China Textile Industry Association last week submitted a proposal to the national development and Reform Commission about the revitalization plan of textile industry. At present, the proposal is still in the stage of discussion and soliciting opinions.

The formulation of the revitalization plan will be led by the national development and Reform Commission, and the Ministry of industry and information will also participate.

At the economic development meeting of the national development and Reform Commission in December 12th, Zhang Ping, director of the national development and Reform Commission, pointed out in his speech that we should implement the revitalization plan for the nine pillar industries, namely, iron and steel, automobile, shipbuilding, petrochemical, light industry, textile, nonferrous metals, equipment manufacturing and electronic information.

A member who participated in the proposal told the finance and economics reporter that the proposal suggested the establishment of "special funds" for structural adjustment and industrial upgrading, that is, the state allocated special funds to support enterprises in structural adjustment and industrial upgrading, and hoped to establish a long-term mechanism to set up a special fund every year.

It is also recommended to set up special funds to support technological pformation.

"But the size of the funds that will eventually be set up will still be decided by the NDRC," the source said.

In addition, the revitalization plan also involves a wide range of measures to promote domestic demand.

The proposal points out that industrial textiles may become a new growth point, hoping that the state can give certain policies and formulate relevant standards to help promote them.

"Industrial textiles, including agricultural and infrastructure textiles, may benefit from the" 4 trillion investment "demand for infrastructure construction. Therefore, it is hoped that relevant policies can be introduced to promote consumption of such products.

From the perspective of fiber processing, industrial textiles now account for about 14%, and we hope to increase it to 19% through a series of measures to boost domestic demand.

The above said.

But he also acknowledged that the pulling of consumption is a long-term process, and it is difficult to achieve results in the short term.

At the same time, "export tax rebate continued to rise" is also included in the proposal, but whether it will be reflected in the final plan, the person thought "it is hard to say."

The insiders believe that after the announcement of the plan, it will definitely play a positive role in improving the plight of the textile enterprises.

Li Zhixian, an analyst at Guotai Junan, thinks that for enterprises, the "real" is to increase the export tax rebate rate of textile enterprises, such as the amount of special funds is often less, the role and impact will not be too great.

Li Zhixian told reporters at the same time that the problem of spinning enterprises is mainly the demand, and the orders have been greatly reduced.

The first quarter of next year will maintain a downward trend until the two or three quarter of next year.

"Adjusting the export tax rebate rate twice this year will certainly help some enterprises, but from the industry's export data, at least the stimulation to exports is still not very obvious."

He said.