The benefit indicators of the light industry have recovered significantly. It is expected that the annual operating income and profit will be close to the level of the same period last year.
On August 24, the official website of the Ministry of Industry and Information Technology announced data that from January to June this year, the industrial added value of my country's light industry fell by 6.1% year-on-year, and the rate of decline was 1.3 percentage points smaller than that from January to May. The cumulative growth rate of the industrial added value of the main light industry industries rebounded from January to May.
The published data show that in June, the light industry production continued to stabilize and rebound. Among them, the industrial added value of bicycles, light industrial machinery, household appliances, batteries, plastic products, papermaking and other industries increased positively.
From the perspective of benefits, from January to June this year, there were 107,000 enterprises above designated size in the light industry industry, achieving operating income of 8,539.4 billion yuan, a year-on-year decrease of 7%, and the rate of decline narrowed by 1.4 percentage points from January to May; profit was 5314.9 Billion yuan, down 4.2% year-on-year, and the rate of decline narrowed by 2.5 percentage points from January to May. In the light industry, the profits of bicycle mopeds, off-road recreational vehicle manufacturing, and plastic products industries grew rapidly, increasing by 24.8% and 16.7% respectively.
According to the export bulletin of the General Administration of Customs, the export value of eight key commodities of light industry from January to June this year was US$140.69 billion, a year-on-year decrease of 10.2%, and the rate of decline narrowed by 3.7 percentage points from January to May. The export of plastic products and household appliances resumed positive growth, increasing 3.6% and 0.7% respectively. The decline in exports of lamps, furniture, toys and ceramics continued to narrow.
Experts analyzed that the sharp decline in light industry exports and investment is a prominent problem affecting the development of the industry. Data shows that in the first half of the year, the decline in exports of the light industry narrowed month by month, but the performance of the industry was divided. For example, the export of food, beverage and wine industries continued to maintain positive growth. The export growth rate of plastic products, daily chemical products, wood products, and weighing instruments turned from negative to positive, and the exports of other major industries had negative growth. In the light industry, which accounts for a large share of exports, the decline in exports of home appliances and lighting has narrowed to single digits, but the decline in exports of arts and crafts, leather and footwear, cultural and sports, furniture, agricultural and sideline food, and metal products is still relatively large.
In addition, in recent years, affected by the overall economic situation, investment in the light industry has slowed down significantly, and the current superimposed effect of the epidemic has further reduced the willingness to invest in light industry. From January to June this year, the national investment in fixed assets fell by 3.1% year-on-year, of which the growth rate of manufacturing investment fell by 11.7%, while the investment growth rate of major light industry industries was lower than that of the manufacturing industry. For example, the decline of investment in cultural, sports and wood processing was nearly 30%. %, the investment in the leather, furniture, and wine and beverage industries fell by about 20%. The investment decline in the light industry has recently narrowed, but the investment in the light industry may not be able to return to a normal level in the short term, which will affect the stamina of development.
Experts said that light industry is an important export industry in my country, and some countries have long adopted anti-dumping and countervailing measures against some Chinese products, which has curbed the expansion of the international market.
Most light industry industries are labor-intensive industries, with SMEs accounting for more than 90%. Affected by multiple factors such as the epidemic situation and the economic environment at home and abroad, the loss of major consumption scenarios, the stagnation of domestic and foreign markets, and slow production and sales have led to a significant decline in light industry operation indicators during the epidemic, and light industry economic operations have been affected. At present, the enterprises listed in the light industry regulations have basically resumed work and production, but due to factors such as the unsynchronized process of resuming business and the resumption of the market, and the pressure of corporate products, they have not yet reached full production. The growth rate of major economic indicators such as light industry production, revenue, consumption, exports, investment, etc. still dropped significantly, and the decline was higher than that of the national industry.
Regarding the future trend of light industry development, experts said frankly that there are many light industry export products, the operation trend of light industry is greatly affected by the international epidemic, and the lack of external demand motivation will have an impact on my country's international trade. However, we must also note that since the outbreak of the epidemic, the central and local governments have coordinated epidemic prevention and control and economic and social development, and put forward a series of practical measures, such as halving the collection of social insurance fees, reducing the rate of medical insurance payment, and reducing unemployment. Policies such as work injury insurance rates and other policies have helped companies resume work and production as soon as possible, reduce their labor costs, ease their difficulties, and boost their confidence. At the same time, the current domestic epidemic prevention and control has achieved initial results, and China's economic recovery is steady, showing positive changes; China has 1.4 billion people and the world's largest middle-income group, with huge market scale and domestic demand potential; large food industry It accounts for more than 40% of the total light industry economy. As a rigid demand industry, the food industry has become the ballast for the development of light industry.
Affected by the epidemic, the current economic operation is experiencing certain difficulties, but the fundamentals of the long-term improvement of China's economy have not changed, especially the economic efficiency indicators of the light industry in the first half of the year have recovered significantly from the first quarter. Experts believe that light industry, as a major consumer product industry, is an industry indispensable for the normal operation of society and an important industry that meets consumption upgrades and meets the needs of people for a better life. The future development prospects of the light industry are still very broad. It is expected that the operating income and realized profits of all young industries will be close to the levels of the same period of the previous year, which is expected to achieve positive growth. (Economic Daily, China Economic Net reporter Huang Xin)