BOABC expects that the pattern of the domestic textile industry will change significantly in 2011, and some enterprises with insufficient financial resources will face the possibility of closure. This year's cotton production was basically the same as in 2009 and did not seriously shrink. However, the weak demand for textile enterprises in 2011 is likely to result in a backlog of cotton inventory. However, the space for cotton prices under global inflationary pressure is limited, and textile companies will continue to Faced with high cost pressures.

According to preliminary estimates, in 2010 the output value of enterprises above designated size in China's textile industry will exceed 4 trillion yuan, and the export value will exceed 200 billion US dollars, and the profit is expected to exceed 200 billion yuan, and the profit will increase by 40%.

Textile companies in 2010 have considerable high profits, but at the same time, 2011 will be a year in which China's textile companies are facing a severe test. Here, the textile companies face the current situation and future prospects are as follows:

First, the rising prices of raw materials, global cotton planting area and production volume have shrunk year by year, resulting in tight supply and demand. At the same time, the excess liquidity in the United States has pushed up the price of commodities such as cotton. The cost of raw materials for textiles increased by about 30% over the previous year, of which the cost of raw materials such as cotton rose by more than double the maximum, which was a new high of 15 years.

Second, the increase in labor costs, this year's increase in wages and benefits of the textile industry's wages and benefits are generally more than 10%, wage growth in the Yangtze River Delta, Pearl River Delta and other places up to 20%. In 2009, the average wage of China's manufacturing industry was 56,000 yuan, while the average wage of the textile industry was 31,000 yuan, resulting in a one-way transfer of the labor force. The era of low-cost core competitiveness is drawing to a close.

Thirdly, the increase in consumer power also puts forward further requirements on the quality of textiles. Textiles are also an important part of providing basic products for new energy, environmental protection, bio-pharmaceuticals, etc., and energy saving and emission reduction are major issues facing the textile industry. .