Fourth Quarter Of China'S Clothing Industry Prosperity Index 96.9

Overall stability, steady and slow down, which is also the characteristics of China's textile industry in 2014.

In 2014, China's textile industry actively adapted to the new normal situation of China's macro-economic development. It persisted in promoting industrial restructuring in an all-round way, and maintained a steady development trend. The quality of operation was stable, and the growth rate was generally better than that in 2013.

"Understanding and grasping the new normal of textile economic development should be studied and discussed from the essential link between the whole industry and the external environmental situation and its own development and changes."

Wang Tiankai, President of China Textile Industry Federation, elaborated on his understanding of the new normal of the textile industry at the tenth annual meeting of the China spinning round table forum.

Wang Tiankai said, from the external situation, the textile industry mainly faces 4 trends: the first is the acceleration of the upgrading of domestic consumption structure; the two is the adjustment and reconstruction of the international competition pattern; the three is the change of the comparative advantage of production factors; and the four is the constraint of resources and environment.

In the face of the new changes in the external situation, the development of the textile industry will mainly present 4 new normal characteristics: first, the gradual slowing down of economic growth; two, structural adjustment, supporting the stable development of the industry; three, the pformation and upgrading of the innovation driven industry; four, the optimization of the textile development pattern by optimizing the allocation of resources.

It is believed that the new normal characteristics of the textile industry are becoming more and more prominent, which has put forward higher requirements for the pformation and upgrading of the enterprises.

The pressure and challenges of enterprise development will continue to increase, but at the same time, it also implies opportunities for external development and the driving force for self improvement.

At present, the development situation facing the textile industry is still more complex. The uncertainty of cotton price trend is increasing, the market demand growth is slowing down, and the comprehensive cost continues to rise.

In order to maintain steady growth and maintain international competitiveness, the textile industry must further deepen its industrial restructuring and rely on innovation drive to enhance its endogenous driving force so as to gradually solve a series of outstanding problems faced by the industry.

High comprehensive cost, especially the rising cost of labor, is one of the main problems facing the textile industry as a traditional labor-intensive industry.

Therefore, relying on new technologies, new concepts and management mode to reduce the cost and increase efficiency has become a breakthrough in deepening the industrial restructuring of the textile industry.

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At the tenth annual meeting, President of China Federation of industrial economy

It is also pointed out that the textile industry should attach great importance to reducing the cost and increasing efficiency.

"Enterprises should reinvent and rebuild low cost strategies based on 5 innovations, namely, technological innovation, product innovation, management innovation, production organization innovation and business mode innovation."

He believes that low cost strategy is not a derogatory term. Low cost is not to overuse resources, pollute the environment, or even sacrifice the health and low cost of labor. Instead, it should innovate, reduce the cost and increase efficiency on the basis of innovation, and raise the level of production factors.

When it comes to the specific trend of the industry this year, the industry believes that although the textile industry is still facing many challenges from inside and outside the industry this year, it will still go ahead under pressure.

"Our business confidence index shows that 58.7% of entrepreneurs are confident in their future development."

Xia Lingmin, vice president of China Textile Industry Federation, said: "our industry index, the performance of several indexes of the production side are all on the rise, so we have confidence in the development and operation of the future market."

Wang Tiankai also said that under the new normal situation, the economic growth of the textile industry will gradually slow down and shift, but it does not mean a recession. With the deepening of the industry adjustment, the competitiveness of the industry will be improved, and the whole will remain stable at medium speed level.