The State Council yesterday announced the "Textile Industry Adjustment and Revitalization Plan" and "Logistics Industry Adjustment and Revitalization Plan".
The "Textile Industry Adjustment and Revitalization Plan" pointed out that it will continue to increase the export tax rebate rate for textiles and clothing. We will conscientiously implement policies and measures to increase the export tax rebate rate for some textile products; speed up the export tax rebate, and ensure timely and full tax rebates. By 2011, enterprises above designated size will achieve an industrial added value of 1.200 billion yuan, an average annual increase of 10%; total exports will be 240 billion US dollars, an average annual increase of 8%. The industrial structure has been significantly optimized, and about 100 independent and well-known brand enterprises with strong influence have been cultivated, and the proportion of independent brand products has increased to 20%. The supporting power of science and technology has been significantly improved. The proportion of textile technology and equipment with international advanced level has increased to about 50%. The output value of new products has been continuously improved, and the labor productivity of the whole industry has increased by 10% annually. Significant results have been achieved in energy conservation and emission reduction, and substantial progress has been made in eliminating backwardness.
The "Restructuring and Revitalization Plan for the Logistics Industry" proposes that by 2011, a number of large-scale integrated logistics enterprise groups with international competitiveness will be cultivated; the scale of the logistics industry will be further expanded, and the added value of the logistics industry will increase by more than 10% annually.
In order to promote the development of the logistics industry, the state will implement multimodal transport, transfer facility engineering, logistics park engineering, urban distribution engineering, bulk commodities and rural logistics engineering, manufacturing and logistics industry linkage development projects, logistics standards and technology promotion projects, logistics public Nine key projects such as information platform engineering, logistics technology research projects, and emergency logistics engineering. Reporter Liu Xiwei>>>Interpretation of the logistics industry will usher in the beautiful spring Guoyuan Securities (16.19,-0.26,-1.58%) Liu Liu, deputy director of the Institute, pointed out that the introduction of the logistics industry revitalization plan is mainly focused on the long-term development of the industry, The short-term positive is mainly on the level of confidence. The impact of the revitalization plan on the performance of the logistics industry related companies will take some time to accumulate. Moreover, the logistics industry is highly correlated with the economic cycle, the market economy is active, and the logistics and transportation volume will increase. The introduction of a new round of stimulus economic programs will be conducive to the development of the logistics industry, and the spontaneous regulation of the market will greatly increase the concentration of the industry. When the economies of scale are formed, the logistics industry will usher in a beautiful spring, but this will take at least a decade of development.
Zhang Shiyuan, chief analyst of textile stocks in the market outlook or the emergence of differentiated Southwest Securities (13.45, -0.13, -0.96%) pointed out that in the short term, the impact of revitalization planning on individual stocks in the textile industry has already been reflected in advance, and the impact on the late stock market is limited. With the introduction of a series of revitalization plans, relevant supporting funds will also be issued. As for how much the textile industry can divide from the 4 trillion investment plan, Zhang Shiyuan said that it is still uncertain, but the relevant stocks in the textile industry are likely to differentiate due to the amount of financial subsidies in the future. Reporter Chen Hui
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