Europe is full of confidence in China's fiber spinning industry

Recently, Jürg Rupp, executive director of Textile World, the US textile authority magazine, travelled between Germany and Switzerland. He interviewed the most important European textile machinery manufacturers in China's textile and clothing industry and learned about them. In response to the recent economic situation in China and its business contacts, the “Pulu Report” on China’s economic development was published.

Failsafe China's economy has recently returned to normal after a slight decline last year. All interviewees responded in the same way: China's economy has started to move forward again, and their business with China has almost returned to its pre-slippery level. They are certain that the achievements in 2013 are a foregone conclusion, and they are full of hope for 2014. All the foreign fiber spinning companies doing business in China are very fortunate. They are harvesting rising Chinese achievements.

This news is very consistent with the contents of the Rupp report that were in the weeks ahead. At that time, some Western prophets and so-called experts predicted: “The Chinese economy is going downhill and China’s dragons are suffering. The sharp decline in exports and the shrinking import demand indicate that the development of the world’s second-largest economy will slow down. "However, the Rupp report responded:" This is not the case at all. According to the words of senior Chinese officials, China's slow economic development is entirely acceptable. Premier Li Keqiang clearly stated that in order to achieve a healthy economic development, China It is necessary to realize the transformation of economic structure and economic modernization. This has relieved the world economic analysts."

The recent data clearly confirms the above statement. The European machinery manufacturer is a good example. In Europe, officials have surprisingly publicly stated: “The Chinese economy began to rebound in the third quarter of 2013. This has relieved the pressure of the world economy to a certain extent, but the weak trend of economic development in the later period still requires them to further accelerate Economic restructuring."

China’s GDP in the third quarter of 2013 increased by 7.8% compared to the same period of last year, and its growth rate was faster than the first quarter and the second quarter: the growth rate was 7.5% in the first quarter, and the growth rate was 7.7 in the second quarter. %. According to the National Bureau of Statistics of China, the overall growth for the first nine months of the year was 7.7%. The development data for the third quarter appears to be exactly the same as expected, and will help China achieve its goal of achieving an average annual growth rate of 7.5% in this year. Western experts predict that China’s gross domestic product will increase by 7.5% in the fourth quarter. Similarly, China’s economy is also looking forward to a strong rebound in the first half of 2014.

As we all know, this positive energy atmosphere in China and the world was to a certain extent distorted by the West in September. At that time, the slowdown in industrial output began to appear, but this is also due to the instability in the euro area and the resulting downward trend in retail sales.

In the past 30 years, China has gradually become a world power. However, at first, the goal was very simple, that is, strive to become the world's number one in terms of export and high export value.

Now, after rethinking this general approach, one of the goals of China today is to pay more attention to the domestic market and reduce dependence on export markets because these issues are more complicated, such as the recent US budget showdown and the eurozone’s problem. These measures have also led China to slow down from its previous rapid growth. However, it cannot be denied that China will continue to stand out from the crowd and maintain this speed.

Touching stones to cross the river However, today’s figures are horrifying: In the first 9 months, domestic consumption increased GDP by 3.5%, although it was less than the 4.3% economic growth brought by investment. At the same time, the reduction in exports also reduced the economic growth in the third quarter by 0.1%. According to Lian Ping, chief economist of the Bank of Communications of China, in order to ensure the long-term healthy development of the Chinese economy, we must change the economic growth model that depends on investment and exports. Reform is the key to a successful transition.

Since China’s new government has already emerged, this means that a more open environment will be open to the public. This may be why the leaders of the government have shown a more tolerant attitude towards the slowdown in economic growth when they seek steady economic growth and balanced development.

To emphasize the directives of Libya, Li Keqiang said: "As long as the economy operates on a reasonable track, we will maintain a stable macroeconomic policy and focus on changing the adjustment of economic growth patterns and economic structure." Global experts are convinced that the convening of ten The Third Plenary Session of the Eighth Central Committee will propose a comprehensive reform plan. Many analysts are looking forward to this meeting can be reformed in administrative, financial and taxation.

This is good news for the global economy, and even more important for textile machinery suppliers, especially those who already have their own production base in China. Is China really having a problem? "No, not at all. They are just step by step, pushing forward the reform steadily."