Analysis of Statistics on Investment Growth of Textile Industry in 2011

The National Bureau of Statistics recently released the Statistical Communique on National Economic and Social Development for 2011. The annual GDP of the country was 471,564 billion yuan, an increase of 9.2% over the previous year.

The consumer price in the year increased by 5.4% over the previous year, of which the price of clothing increased by 2.1%. The annual cotton planting area was 5.04 million hectares, an increase of 190,000 hectares. The annual cotton output was 6.6 million tons, an increase of 10.7% over the previous year. Among the above-scale industries, the textile industry grew by 8.3%. The total yarn output of textile products was 29 million tons, an increase of 6.7% over the previous year; total fabric output was 83.7 billion meters, an increase of 4.6% over the previous year; and chemical fiber was 33.9 million tons, an increase of 9.7% over the previous year. The annual investment in the textile industry was 366.9 billion yuan, an increase of 30.9% over the previous year; the investment in textile, clothing, shoes, and cap manufacturing was 226.7 billion yuan, an increase of 43% over the previous year. The total retail sales of social consumer goods was 1,839,19 billion yuan, an increase of 17.1 percent over the previous year, and an actual increase of 11.6 percent after deducting price factors. In the retail sales of corporate goods above designated size, the clothing category increased by 25.1%. The total amount of import and export of goods was 3642.1 billion U.S. dollars, an increase of 22.5% over the previous year. Among them, exports were US$189.86 billion, up 20.3% over the previous year; imports were US$1.7435 billion, up 24.9% over the previous year. The difference between imports and exports was 155.1 billion U.S. dollars, a decrease of 26.4 billion U.S. dollars from the previous year. Among them, the export value of textile yarns, fabrics, and products was 94.7 billion U.S. dollars, an increase of 22.9% over the previous year; the export value of clothing and clothing accessories was 153.2 billion U.S. dollars, an increase of 18.3% over the previous year; the export value of footwear was 41.7 billion U.S. dollars, compared with the previous year. Growth of 17.1%.