In The First Half Of This Year, China'S Industrial Textiles Exports Fell By About 2% Compared With The Same Period Last Year.

China's export industrial use in the first half of this year

About 2% lower than last year.

China's textile industry association 3 revealed that China's industrial textiles industry continued to increase in the first half of 2016.

Development and

Expanding efforts, the industry as a whole has maintained a steady and higher growth rate, and the economic benefits have continued to improve.

In the first half of this year, the industrial added value of China's industrial textile industry increased by about 11%, and the main business income and total profit of Enterprises above designated size increased year by year.

It is worth noting that in recent years, China's industrial textiles industry is facing more complicated international situations, and its export growth has changed considerably. In 2011, its export growth rate reached 26.3%, while its export growth slowed sharply to negative value in 2012, and rebounded to about 8% after 2013.

In the first half of 2016, China's exports of industrial textiles decreased by about 2% compared with the same period in the first quarter.

According to the analysis, the reason for the fluctuation of China's industrial textiles exports is, on the one hand, the slow recovery of the world's major economies, and on the other hand, its decline in export prices.

In the second half of 2016, China's industrial textiles industry still faces complex domestic and international situations, but the factors that drive the development of the industry have not changed.

In particular, the industrial base of industrial textiles in foreign low cost countries is still relatively weak. China's industrial textiles have strong competitive advantages in the global industrial chain, and the space for foreign market expansion is still very large.

But at the same time, the industry's annual development is also facing challenges. During the period, the world economic situation is still more complex. The rebound of raw material prices is difficult to pmit to the downstream market in the short term, which will affect the profitability of the industry.

China's industrial textiles industry is expected to continue its steady trend in the second half of this year and maintain high growth in the second half of this year, of which exports will be basically the same as last year.