According to the China Chemical Fiber Industry Association, in 2014 China's chemical fiber output of 43.9 million tons, an increase of 42% compared to 2010, average annual growth was 9.2%, but the average annual growth rate from 2010, showing a declining trend, 2014 annual growth rate of only 5.5% annual growth rate of just 15.6% 2010 1/3. President of the China Chemical Fiber Industry Association end Xiaoping expected in the next few years, China chemical fiber average annual growth rate will slow further, and lower than the growth rate of GDP is expected to Chinese share of global chemical fiber production peaked in 2020, at 72% or so.

For the chemical fiber industry boom of the judgment, the end Xiaoping believes that 2012 is the chemical fiber industry profit downturn, then gradually pick up. He believes lowest domestic chemical fiber industry has been in the past, followed by a bottoming phase. However, the chemical fiber industry profits may not achieve a high level again in 2010, for a long period of time, chemical margins will be maintained at around 4%.

China's economic development has entered a new normal, end Xiaoping said that for China's chemical fiber industry, there are three changes in the macroeconomic environment concern.

The first is the contribution of capital-intensive industries to China's industrial economic growth is gradually weakening.

Economists study results showed that China's manufacturing industry, including chemical fiber, including 6 capital-intensive industries, capital efficiency rate of decline was faster than the entire industry; on the one hand with the capital-intensive industries in the future to achieve a certain scale enterprises to further expansion of space is very limited; the other hand, some of these capital-intensive industries there is a serious overcapacity problem, so capital efficiency rapidly decreases.

Second, the contribution of labor-intensive industries to industrial growth has gradually weakened.

In the textile industry, for example, the textile industrial output value, total profit, total tax and other major economic indicators of the total industry, has dropped every year since 2000, a number of other important indicators, including the total amount of processing fibers, yarns, fabrics and clothing production export delivery value like growth in 2009, reached a peak in 2010 after a decline, the share of Chinese exports in Europe, America, Japan and other countries, also in 2009, peaked in 2010, followed by a decline.

Summing up the above two points when the end Xiaoping spoke of chemical fiber industry itself belongs to asset-intensive industries, downstream customers are labor-intensive industry, chemical fiber industry, the difficulties can be imagined.

In addition, the decline in resources and environment carrying capacity, forcing enterprises energy saving and recycling of chemical fiber industry development, and assume the corresponding social responsibilities. China's strict control of emissions and the ability of new printing and dyeing enterprises, resulting in the ability to keep up dyeing. Therefore, it also gives my colored fibers has brought development opportunities.

Changes in the macroeconomic environment led to the transformation of chemical fiber industry, and therefore Thirteen Five times since the Chinese economic transformation and adjustment of the international division of labor, chemical fiber production in China will enter a low-growth phase. End Xiaoping said a preliminary forecast, thirteen Five-Year period, China's chemical fiber industry average annual growth rate of around 3.5%, equivalent to just over 10 years the growth rate of 1/3.

In terms of technological progress, China Chemical Fiber Industry Association analysis of the imported product composition and after consulting the textile downstream users view, new product development direction focused on nylon, acrylic and viscose fibers differentiated products. China Chemical Fiber Industry Association, also in the form of questionnaires learned that the current study Universities for synthetic materials focused on three aspects: the first is a high-performance chemical fiber, the second fiber is green, and the third is the new fiber processing technology.

In addition, in the thirteenth Five-Year period, international cooperation in China's chemical fiber industry will take a substantial step. Enhance China's domestic chemical fiber industrial structure along the way through the strategy while leading fiber technology and equipment will go overseas. Meanwhile, China will also have a number of large-scale, strength, and improve the industrial chain supporting PTA polyester enterprises to enter the refining industry, oil refining achieve integrated production, end Xiaoping said that by 2020, there will be three to five companies consolidated sales revenue exceeded 150 billion yuan.