In 2015, China’s dyeing and printing industry ran steadily in general thanks to the accelerating structural adjustment and transformation and upgrading with the exception of output produced by enterprises above the designated size that was in a mire of further downslide from January to November.

Stable operation

During January to November 2015, the main business income was 352.562 billion Yuan an of 3.73 per cent year on year with 1.2 percentage points higher, profit was 17.295 billion Yuan which grew up by 8.2 per cent year on year, with an increase of 4.77 percentage points. Profit ratio of sales was 4.91 per cent, up by 0.24 percentage points compared with year 2014, which indicated that the economic operation improved gradually along with deepening of transformation and upgrading.

Strengthened industrial cluster

During January to November 2015, the production of dyeing and printing cloth was 46.721 billion meters, down by 14.55 per cent year on year with 3.48 percentage points dropped compared with the first half year. Production in the east coast which included five provinces (Zhejiang, Jiangsu, Fujian, Guangdong and Shandong) was 46.721 billion meters, accounting for 95.87 per cent of the total volume.

The enterprises above the designated size on the east coast of five provinces increased production of dyeing and printing cloth year on year with 3.44 percentage points up by 95.87 per cent in 2015 from 92.43 per cent in 2011 and the production area concentrated to the east coast fatherly, since the 12th Five-Year programme.

Investment fall

From January to November 2015, the actual completed investment in fixed assets in dyeing and printing enterprises was 39.443 billion Yuan (excluding any projects with investment less than 5 million Yuan), up by 14.41 per cent year on year with 6.71 percentage points dropped. At present, enterprises mainly invest in promoting technological equipment, transforming environmentally protective facilities, researching and developing new products, etc. with 807 construction projects, up by 11.62 per cent year on year and down by 4.06 percentage points. From 2011 to 2015, the actual investment finished by the dyeing and printing enterprises maintained a rapid growth

The economic performance in 2016

The global economy is expected to continue to recover slowly in 2016. The new endogenous impetus for economic growth is taking shape gradually in China and the industrial growth is expected to rise although the economic situation in China is still grim. The economic operation in dyeing and printing industry will run smoothly in 2016 with expected growth in main business income, profit margin, investment, exports, etc. in challenging downward pressure.