Mr. Lin presented the current chemical fiber industry from the New Normal, New challenges and New opportunities three aspects. First, he pointed out the obstructions that hampered that the development of chemical fiber industry since 2012, and performance of relevant listed companies has declined. In Jan-Aug 2015, production of chemical fiber industry increase 3.13 % y-o-y, and the O/R remained at about 80%, while O/R in recycled fibers were mainly at 70%.
1.New Normal. During the 12th five-year, China's textile industry maintained a relatively stable growth. In Jan-Aug 2015, growth rate of chemical fiber industry is higher than the national industrial growth rate.
2.New Challenge. Foreign trade fell sharply, low-cost advantage disappears, less investments in technology, poor awareness of brand marketing, financing loans difficulty and serious credit became to curse of business survival.銆�For most recycle enterprises, they cannot stop production for fear of many uncertainties.
3.New opportunities. The Chinese government has recognized the current manufacturing status quo, and has proposed new measures to deal with the technological revolution and industrial changes, and make efforts to guide enterprises to adjust the structure, restructuring and upgrading initiatively.
At last, Lin summarized the development aims for chemical fibers among the 13th five-year.