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The development of China's textile industry in 2017 will show three major characteristics

  • Categories:Industry News
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  • Time of issue:2018-01-27 16:22
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(Summary description)At present, China's textile industry has entered a new normal state of slowing growth. The relevant person in charge of the China Textile Industry Federation analyzed to reporters on the 4th that the current development mainly has three characteristics: that is, the growth rate is slowing down, the development pressure is increasing, and the power conversion is urgent.

The development of China's textile industry in 2017 will show three major characteristics

(Summary description)At present, China's textile industry has entered a new normal state of slowing growth. The relevant person in charge of the China Textile Industry Federation analyzed to reporters on the 4th that the current development mainly has three characteristics: that is, the growth rate is slowing down, the development pressure is increasing, and the power conversion is urgent.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2018-01-27 16:22
  • Views:
Information

At present, China's textile industry has entered a new normal state of slowing growth. The relevant person in charge of the China Textile Industry Federation analyzed to reporters on the 4th that the current development mainly has three characteristics: that is, the growth rate is slowing down, the development pressure is increasing, and the power conversion is urgent.

In 2014, there were some new changes in China's textile industry. The market environment of the entire industry was not ideal. The industry's economic growth was steadily slowing down. The main economic growth indicators of enterprises above designated size have been reduced to single-digit growth, and the pressure on business operations is greater. In addition, China's textile and apparel import and export experienced negative growth in the first month of 2015.

The relevant person in charge of the China National Textile and Apparel Council pointed out that all the above indicate that the Chinese textile industry has entered a new normal of development.

First of all, the growth rate of China's textile industry has slowed down, and progress has been slow. As a consumer goods industry, China's textile industry is closely related to the country's macroeconomic development. As China's economic growth slows, it will eventually affect the industry's demand growth. Under the new normal, the textile industry has moved from high-speed growth to medium-speed growth.

Secondly, development pressure has increased and differentiation has accelerated. Under the new normal, the overall operation and development pressure of China's textile industry is increasing, and textile enterprises, large or small, generally feel that it is more difficult to survive. The reasons include the relative weakening of demand growth, intensified resource and environmental constraints, rising factor costs, accelerating changes in terminal demand with individualization and differentiation as the mainstream, and micro-market factors such as phased and structural overcapacity in some industries. The most important reason is that the original production model is difficult to sustain, and the new model is still being explored and formed. Therefore, under the new normal, the survival of the fittest by textile enterprises will intensify.

Finally, power conversion is urgent and key innovation. Under the new normal, the core of the development of China's textile industry is to promote transformation and upgrading, to change the dependence on investment-driven and factor-driven, and to rely on innovations in technology, brand, management, systems, mechanisms and business models to promote the development of the entire industry.

Industry experts emphasized that as a necessity, the market's demand for Chinese textiles is still rigid, and its sales growth rate in 2015 is expected to be the same as last year.

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