BIZCHINA / Light Industry
10th Five-Year Plan
Updated: 2006-04-18 14:59
Having reformed the decreasing spindles in the cotton-spinning industry,
about 30 percent of yarn-spinning machinery has reached the advanced
1990s level. The wool-spinning industry has adopted wool dye-finishing
serial machinery and installed quality inspections and a monitoring
control system and developed high-count and super-thin wool textiles
products. The textiles-machinery industry has made some breakthroughs in
the area of tech-electronic unification in textiles machinery by
importing technology, and making joint investments and cooperative
efforts.
There has been great improvement in product variety and quality. The
proportion of chemical fibers in textile-fiber processing grew from 45
percent in 1995 to over 60 percent in 2000; the proportion of
differentiated fibers in total textile fibers reached 25 percent, up 10
percent in five years. Proportions of knotless yarn and no-shuttle fabric
was boosted from 18 and 15 percent in 1995 to 40 and 24 percent in 2000
respectively.
The level of finishing after dyeing and printing has also been improved.
The proportion of middle- and high-class fabrics has been raised. The
exports proportion of end products, such as garments, has been greatly
increased. Garment exports have accounted for 70 percent of total textile
exports -- a 5-percent hike over 1995. The proportion of textile products
for clothing, decoration and industrial use has reached 67, 20 and 13
percent.
There has been a remarkable success in the overall adjustment of the
major cities of textiles. The cotton-spinning capacity of State-owned
enterprises has shrunk to the current 60 percent from 70 percent before
the reduction in spindles. In some major cities, many enterprise groups
and key export enterprises with international competitiveness have been
established to form new, overall advantages. A total 159 enterprises have
achieved a foreign-exchange income of over US$30 million from exports,
and over 80 companies were listed on the stock market.
Rapid development of the non-State-owned economy: In terms of ownership
structure, the pattern of co-existence of State-owned, collectively
owned, joint ventures (JV) and private ownerships has been formed.
State-owned enterprises account for 30 percent; collective enterprises,
26.5 percent; JV enterprises, 28.7 percent; and enterprises of other
types of ownership account for 14.8 percent by value of output.
Apparent improvements in the quality of economic operations: Comparing
2000 with 1995, the total value in assets of the whole industry jumped
from 830.1 billion yuan to 977.3 billion yuan -- an annual increase of
almost 30 billion yuan; the asset liabilities rate decreased from 73.3
percent to 66 percent; total profit value increased from 3.27 billion
yuan to 29.01 billion yuan; the rate of assets profit tax climbed from
4.1 to 5.5 percent; the proportion of enterprises running at a loss fell
from 32.1 to 20.6 percent; labor productivity increased from 14,000 yuan
to 25,000 yuan -- up 78 percent.
There still exist problems that should not be ignored in the development
of the textile industry. Such issues are mainly reflected in the
following areas: a) weak capability of technological innovation; b) low
level of technological equipment and low productivity; c) irrational
organizational structure d) the incompatibility of cotton circulation and
export systems with the requirements of market economy; e) an immature
regional complementary pattern.
In summary of the above analysis, the main characteristic of the textile
industry as China's main industry in earning foreign-exchange income from
exports will not change and will continue to play an important role in
the nation's economy. China has a domestic market of nearly 1.3 billion
people, occupying a market share of about 13 percent in the international
textile apparel market. A complete industrial processing system has been
formed with rich raw materials resources and sufficient labor resources.
During the Tenth Five-Year Plan period, the comparative advantages of the
textile industry for competition still exist; there is still room for
further development.
In 2002, total assets of the textile industry reached 667.45 billion yuan
-- up 10.05 percent over the previous year. The sales revenue amounted to
599.164 billion yuan -- up 16.03 percent over the previous year. Total
profits numbered 18.652 billion yuan -- up 30.87 percent over the
previous year. The number of employees totaled 4.7609 million -- up 1.04
percent over the previous year.
In 2002, the output volume of gauze, fabric, cotton cloth, blending
cloth, chemical fiber cloth and silk reached 8.0175 million tons
respectively -- up 15.8 percent, 22.651 billion meters (up 11.2 percent),
11.622 billion meters ( up 12 percent), 5.805 billion meters (up 3.9
percent), 5.223 billion meters (up 18.3 percent) and 833.2895 million
tons (up 12.3 percent) from the previous year.
During January-May 2003, total assets of the textile industry reached
681.503 billion yuan -- up 16.46 percent over the same period of the
previous year. Sales revenue totaled 260.361 billion yuan -- up 23.01
percent over the same period of the previous year. Total profits reached
7.164 billion yuan -- up 45.37 percent over the same period of the
previous year. The number of the employees reached 4.8379 million -- up
4.99 percent over the same period of the previous year.
During January-May 2003, the output volume of gauze, fabric, cotton
cloth, blending cloth, chemical fiber cloth and silk reached 3.6055
million tons respectively -- up 19.3 percent over the same period of the
previous year; 9.260 billion meters (up 8.8 percent), 4.810 billion
meters (up 9.4 percent), 2.258 billion meters (up 1.3 percent), 2.291
billion meters (up 16.3 percent) and 377.0283 million tons (up 12.5
percent) from the same period last year.
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