China Textile Industry Federation Wang Tiankai: New Arrival In Textile Industry Under New Normal Situation

Wang Tiankai, President of China Federation of textile industry, pointed out at the tenth annual meeting of China Textile Roundtable Forum:

The new normal is simply to act in accordance with economic laws. Therefore, I think we should understand and grasp it.

The new normal of economic development can be studied and discussed from the essential link between the whole industry and the external environmental situation and its own development and change.

From the external situation, the textile industry mainly faces four new normal trends: first, the upgrading of domestic consumption structure; two, the adjustment and reconstruction of international competition pattern; three, the change of comparative advantage of production factors; and four, the constraint of resources and environment.

In the face of these new changes in the external situation,

Self development will mainly present four new normal characteristics:

First, economic growth will gradually slow down and shift gears, but it does not mean a recession. The adjustment of industries will be deepened and the competitiveness of industries will be improved. It will remain at the medium speed level; two, structural adjustment will support the steady development of the industry; the three is the pformation and upgrading of innovation driven industries; and the four is the allocation of resources to optimize the textile development pattern.

At present, the new normal characteristics of the textile industry are becoming more and more prominent.

Requirements.

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.