The economy of the textile industry gradually improves The overall situation of “going out” is stable and good

The data show that from January to December 2016, the value added of the textile industry increased by 4.9% year-on-year, and the production operation was generally stable; the investment in fixed assets of the textile industry increased by 10.7%; the production and sales rate of the textile industry reached 98.4%; the clothing manufacturing industry was 97.7%; but textiles Export delivery value decreased by 0.9% year-on-year.

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Source: Forward-looking Industry Research Institute

In the first three quarters of 2016, the main business income of textile enterprises above designated size was 521.94 billion yuan, an increase of 4.1% year-on-year, and the growth rate slowed by 1.1 and 0.5 percentage points respectively from the same period of last year and the second quarter of this year; the total profit was 261.46 billion yuan. The growth rate was 3.7% year-on-year, and the growth rate slowed down 5.7 and 2.6 percentage points respectively from the same period of last year and the second quarter of this year, and was also lower than the growth rate of industrial enterprises above designated size by 4.7 percentage points. Rising costs and weak demand are the main reasons.

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Focusing on the overall goal of building a "strong textile nation" during the "Thirteenth Five-Year Plan" period, Sun Ruizhe, president of the China National Textile and Apparel Council, emphasized that in the future China's textile industry needs to coordinate three relationships: industry and society, industry and environment, industry and consumption; The transformation of traditional industries into technology, fashion, and green industries will eventually transform the “new three-board” industrial structure of China's textile industry into an industrial sector, a fashion industry sector, and a technology industry sector.

On the other hand, the overall situation of “going out” in 2017 is stable and good. Xu Yingxin, vice chairman of the China Textile Industry Federation and executive vice president of the China Textile Promotion Association's textile industry branch, predicted that the Chinese textile industry will continue to maintain a strong momentum of “going out”.

The positive factors are mainly reflected in three aspects. First, the determination of the Central Economic Work Conference to explicitly implement the “One Belt and One Road” strategy has not changed; the second is the endogenous driving force and the intrinsic needs of China’s textile industry for transnational distribution; and the third is the active industry. The path of global productivity distribution and advantageous resource allocation through international capacity cooperation has not changed along the path of benign interaction with domestic industry shifts and upgrades.

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Forward-looking Industry Research Institute concluded that the 2017 textile industry outlook analysis report concluded that in 2017, the textile industry is still facing the problems of rising raw material costs, difficulty in recruiting companies, and progress in the capital chain. Although the textile industry has ushered in a prosperous situation in the textile industry, The outlook for the whole year is still not too optimistic.

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