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Recently, China Textile Daily recently released "the current economic operation of the textile industry and the trend" shows: In 2017, China's textile industry adhere to deepen supply-side structural reforms, efforts to resolve various external risks, generally maintained a steady progress In the improvement of the development trend of all economic indicators have achieved positive growth, some indicators of growth over the previous year has been accelerated, the operational effectiveness of a steady increase in the effectiveness of the transformation and upgrading gradually show.

2017 quality basically good

Production growth in the textile industry slowed down, but sales in both domestic and overseas markets have picked up, indicating that the industry's production capacity and supply structure are constantly being optimized and adjusted. According to the National Bureau of Statistics of China, the industrial added value of textile enterprises above designated size in 2017 increased by 4.8% from the same period of last year, lower than the 0.1% growth rate in the same period of 2016. According to the statistics of the Customs, the total amount of textile and garment exports in 2017 reached 274.51 billion U.S. dollars, up 1.6% over the same period of last year and up 8.8 percentage points from the same period of last year. The domestic demand market continued its steady growth with the online consumption still growing rapidly. In 2017, the retail sales of clothing, shoes, hats and knitwear above designated size in the country increased by 7.8% over the same period of previous year, an increase of 0.8 percentage points over the same period of previous year. An increase of 20.3% over the same period of previous year, an acceleration of 2.2 percentage points.

The quality of the textile industry was basically sound and its investment in transformation and upgrading continued to increase. In 2017, the total revenue of major textile enterprises above designated size reached 6,893.56 billion yuan, an increase of 4.2% over the previous year, an increase of 0.1 percentage point over the previous year; total profit was 376.88 billion yuan, an increase of 6.9% over the previous year. 2.4 percentage points. The sales profit rate of enterprises above designated size was 5.5%, 0.2 percentage points higher than that of the same period of last year; the turnover rate of finished products was 20.8 times / year and the total asset turnover rate was 1.5 times / year, both of which were basically the same as the same period of last year; 6.5%, slightly higher than the same period of last year by 0.1%. In the case of smooth operation and better quality, the investment confidence of textile enterprises is generally stable. In 2017, the investment in fixed assets of more than 5 million yuan in the whole industry reached 1,350.73 billion yuan, an increase of 5.2% over the same period of last year. Among them, the investment in the eastern region increased by 7.9% over the same period of previous year, 2.4 percentage points higher than that of the same period of previous year, accounting for 87.2% of the national investment increment. The rapid growth of investment due to less new production capacity in the east shows that enterprises are more enthusiastic about restructuring and upgrading.

2018 is expected to remain stable

In 2018, the textile industry is expected to maintain the momentum of steady growth. The economic growth is expected to be basically the same as in 2017. On the international front, the global economy is showing signs of sustained recovery. The economic growth rate may slightly accelerate from 2017, with consumer confidence firming up as the economy improves. Commodity price stability is also conducive to the recovery of production. It is expected that the export of the textile industry is expected to be more significant 2017 further improvement. In the domestic area, the national economy will continue its steady growth and provide a sound and healthy economic environment for domestic consumption. The "Three-product Strategy" will continue to promote textile enterprises to speed up adjustment and upgrading, continue to enrich product varieties, improve quality, enhance brand added value, Provide more choices for domestic consumption of textile and apparel and tap the potential of domestic demand.

Uncertainty still exists

At the same time, there are still many uncertainties in the development of the textile industry, and all kinds of risks still need to be strengthened with attention and response. The pressure of high cost has not been alleviated. The price of domestic electricity, labor and other factors is still obviously too high compared with that of Vietnam. Financing difficulties and financing problems have not been solved effectively for a long time. In the international market, the competition is fiercer. In 2017, the share of China's textile industry in the traditional market is still losing. From January to November, the share of the three major textile and apparel import markets in the United States, Japan and Europe declined by 0.4 and 0.9 respectively And 0.9 percentage points, this trend is still likely to continue in 2018. Domestic environmental protection supervision measures are more stringent. Textile enterprises have a heavier burden on environmental protection. In some areas, production discontinuation alone is a single regulatory measure. Production and investment activities of enterprises are limited and have become bottlenecks restricting the smooth development of the textile industry.

In 2018, the textile industry will further deepen the supply-side structural reform, accelerate the transformation and upgrading, and actively resolve various risk contradictions in accordance with the general tone of progress made in seeking stability. We will strive to ensure that the operation of the industry is basically stable and the quality of development is steadily improving so as to promote Economic and social development to make its due contribution.