China'S Deflation Trend In 2015 Highlights The Urgent Need For China'S Textile Industry To Achieve Export Breakthroughs.

China's deflation trend is highlighted in 2015, and deflation pressure is coming.

HSBC

Qu Hongbin, chief executive and co head of the Asia Pacific region and chief economist of Greater China, said at the 2015 annual meeting of HSBC global economic outlook that the trend of China's economic deflation was further apparent, and that there were two times a year's symmetric reduction in interest rates of 25 basis points, and a reduction of at least 50 basis points in three years.

The latest statistics released by the National Bureau of statistics in January 12th also showed that in December 2014, the national consumer price index increased by 1.5% over the same period last year, which has been hovering in the "1 era" for 4 consecutive months. The producer price index for industrial products has dropped 3.3% over the same period, and the decline has further widened.

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As we all know, China's textile industry is still in the mode of export driven production. For a long time, textile exports occupy a leading position in the textile industry, and domestic demand is seriously inadequate. Under normal economic conditions, enterprises in the textile industry realize a substantial increase in exports by price advantage.

In 2015, the trend of deflation in China highlighted that the relative depreciation of RMB against foreign currencies led to the loss of export price advantages of textile related enterprises, especially Chinese clothing enterprises, and the increasing pressure of export pressure on enterprises.

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In order to help textile enterprises, such as garment factories, garment factories, home textile factories and foundries, and other textile related enterprises in the clothing brand, home textile brand, shoes and hat brands, bags and brand building problems, and to achieve a breakthrough in textile exports in the past 15 years, the Dalian garment industry Association organized industry experts to highlight the 2015 deflation trend in Dalian World Expo Square during 23-25 April, and how to achieve breakthroughs in textile related industries. Three aspects of export policy, business operation and brand building were discussed.

According to the Dalian garment industry association, the seminar will be held in Dalian World Expo Plaza on 23-25 April, and will be held at the same time as "2015 Dalian international accessories yarn, sewing equipment and printing industry exhibition".

The Dalian garment industry association authorized the Organizing Committee of the exhibition to organize the special events.