Ma Jipeng, as many people feared before, was affected by the continued appreciation of the RMB and the deepening of the subprime mortgage crisis in the United States. China's textile and clothing exports in June amounted to 15 billion 520 million US dollars, an increase of 7.6%, but it was 4.2% lower than the same period last year.

In the 1-6 months of this year, China's textile and clothing exports were US $81 billion 700 million, an increase of 11.1% over the same period last year, an increase of 6.4 percentage points from the same period last year.

Owing to the continuous tightening of monetary policy this year, textile enterprises have been strained by funds and raw materials are generally compressed.

According to the national cotton market monitoring system, as of the end of June, the average sales rate of lint in cotton enterprises nationwide was 81.3%, down 9.1 percentage points from the same period last year.

In addition, the rise of international cotton prices has made textile exporting enterprises worse.

According to customs statistics, the average price of New York cotton futures contract in July was 69.87 cents / pound, up 0.77 cents / pound from the previous month, or 1.1%.

In June, China imported 211 thousand tons of cotton, a decrease of 41 thousand tons compared with the same period last year, a decrease of 16.4%, a decrease of 29 thousand tons from the previous month and a decrease of 12.1%.

Gu Qingliang, a professor of textile Economics Research Institute of Management School of Donghua University, told reporters that the decline of China's textile exports is not only related to domestic factors, but also an important reason for the deterioration of the international trade environment.

He pointed out that the subprime crisis spread to the world economy, resulting in a sharp decline in consumer confidence worldwide.

Earlier, it was reported that in order to save the predicament of China's textile enterprises, relevant departments of the state have been studying the plan, including slowing down the appreciation rate of RMB.

In response, Gu Qingliang said that although this is a "save the market" measures, but not all enterprises need to save when problems arise, and sometimes may be more conducive to the rule of "survival of the fittest" in the market economy.

Speaking of the entire textile industry, Gu Qingliang optimistically pointed out that China's textile industry has not come to the end, at least it will develop for more than 10 years.

He believes that the huge domestic market demand is the driving force for the sustainable development of the textile industry.

But he also stressed that the sustainable development of China's textile industry is essential for internal restructuring, such as avoiding vicious competition, focusing on quantity and neglecting quality and low added value.