Economic Performance of Textile Machinery Industry in China (1-2,2009)

China’s textile machinery industry saw a continued decline in total profit and a hefty slump in imports and exports in the first two months of 2009.

White-Paper Report:Textile Machinery Industry (2005-2009) Economic Performance in Chinese Textile Machinery Industry

This report is accomplished by China Textile Machinery and Accessories Association to be part of the Annual Report of China Textile Industry that comes out in the middle of the year.Given that all the official statistics are channeled to each industrial sector four times a year(March,May,Aug.Nov.) ,it comes as no surprise at all when an annual report is prepared at the beginning of the new year by taking eleven months into account because of the data availability from the government.This report of Chinese textile machinery industry is also based on the data attainable from Jan.to Nov.in 2009.

Textile Machinery Sector Takes on Economic Crisis,but Requests Urgent Measures

Preliminary year-end 2008 figures for Italy’s textile machinery industry register a 18% drop in production compared to the previous year,with a total production value estimated at 2,285 billion Euros.This decline affects both Italy’s domestic market and export sales.

Benefits Down Evidently while Export Grew Slowly The Analysis of Economic Performance of China's Textile Machinery Industry from Jan. to Oct. 2008 (Part A)

Financial expenses Of China’s textile machinery in fiscal year 2008 rose 28.81%due to higher indebtedness(60.57%of indebtedness rate).Analysts anticipated animminent weakening of momentum for China’s textile machinery markets owing toweaker consumer spending and easing export growth.

Benefits Down Evidently while Export Grew Slowly The Analysis of Economic Performance of China's Textile Machinery Industry from Jan. to Oct. 2008 (Part B)

According to the latest statistics released by China TextileMachinery & Accessories Association(CTMA),the export value offoreign-funded enterprises from Jan.to Oct.2008,reached 0.502billion US dollars,a year-on-year increase of 0.08 percent.