Research On Supply Side Optimization Of China's Textile Industry Based On CD Function

Under the background of economic "new normal",the term supply-side structural reform has entered the field of vision,In other words,in order to achieve rapid growth,all countries and industries need to focus on the supply side.In the decisive period of building a well-off society in an all-round way,all trades and industries must speed up their transformation and upgrading.China's textile industry is a traditional pillar industry and an important livelihood industry.It plays a crucial role in beautifying life,solving employment problems and enhancing international competitiveness.But at present the industry is facing some problems to be solved and worthy of attention.This paper studies the relationship between the input and output of China's textile industry and further explores whether the technical factors of the industry are lagging and cumulative,It is hoped that this will provide the basis and reference for the implementation of supply-side reform in China's textile industry.The paper has accurately defined the scope of China's textile industry,involving four major sub-sectors of textile and clothing industry,textile,chemical fiber manufacturing and a small amount of textile special equipment manufacturing;Secondly,it summarizes the development status and existing problems of the industry,and puts forward research hypothesis and empirical test by using C-D production function.The results show that:(1)China's textile industry presents such a development status quo that the overall production growth slowed down,the scale of exports and business investment enthusiasm greatly reduced;(2)The reasons leading to the current status quo of China's textile industry are mainly two points:First,the supply of cotton raw materials;the second is the rise of labor costs in the industry,capital shortage and ignoring R&D investment and other factors;(3)The industry's labor force,capital,R&D investment and industry output has a clear positive correlation;(4)R&D investment has lag and cumulative.Finally,based on the above conclusions,the paper puts forward corresponding countermeasures and future research directions,hoping to provide reference for China's textile industry to promote supply-side reform.