The Supply Side Reform Continued To Advance, And The Economic Operation Of The Textile Industry In 2018 Was In Line With Expectations.

In 2018, the external situation faced by China's textile industry is generally complex and the pressure of development has increased.

The whole industry insists on implementing the general keynote of steady progress and actively deepening structural reforms on the supply side, vigorously promoting the development of high quality, and resolving various external risks.

Throughout the year, the economic performance of the textile industry is basically normal, which is in line with the external environment and development stages of the industry. The growth rate of the main operational indicators is generally in line with expectations, and the prosperity of enterprises is relatively stable, and the characteristics of high quality development are gradually emerging.

The main economic operation indicators of textile industry have achieved positive growth.

According to the data of the National Bureau of statistics and China Customs, in 2018, the retail sales of clothing, footwear and hat textiles increased by 8% over the same period last year, and the growth rate was 0.2 percentage points higher than that in 2017.

The total export volume of textiles and clothing (50~63) reached US $276 billion 730 million, an increase of 3.5% over the same period last year, and the growth rate increased by 2 percentage points over the previous year.

The total revenue of 37 thousand major textile enterprises above Designated Size reached 5 trillion and 370 billion 350 million yuan, an increase of 2.9% over the same period last year. The growth rate slowed by 1.3 percentage points over the previous year. The total profit realized was 276 billion 610 million yuan, an increase of 8% over the previous year, and the growth rate was 1.1 percentage points faster than that of last year.

According to statistics, the fixed assets investment in the whole industry increased by 5% over the same period last year, a slight slowdown of 0.2 percentage points over the previous year.

The supply side reform of textile industry continued to push forward, and the results gradually emerged.

The domestic demand market continues to play a primary supporting role. Online retail growth is particularly good. In 2018, the online retail sales of apparel products increased by 22% over the same period last year, and the growth rate was 1.7 percentage points higher than that in 2017.

Capacity utilization remained at a high level, and the utilization rate of chemical fiber and textile industries (excluding garments and spinning machines) reached 81.8% and 79.8% respectively, which were higher than the average level of 76.5% of the national industry.

The profitability of enterprises has improved. The sales profit of textile enterprises above designated size is 5.2%, an increase of 0.3 percentage points over the same period last year.

Industrial, home textiles and clothing three terminal industries remained stable throughout the year. The contribution of chemical fiber and textile machinery to the whole industry's economic development was enhanced. The main business income, gross profit and investment completion amount of the chemical fiber industry increased by 12.4%, 10.3% and 29% respectively, all above the average level of the whole industry.

The business climate is stable. According to the survey data from the China Textile Industry Federation, the textile industry boom index was 57.8 in the four quarter of 2018, 4.7 points higher than the three quarter, and the annual industrial prosperity index was above 50 of the expansion area.

In 2019, the external environment faced by the textile industry became more and more complex.

On the one hand, domestic and foreign market demand growth still has certain support foundation.

The central economic work conference has made an important judgement that China's development will remain and will remain in an important period of strategic opportunities. It shows that China's overall stable macroeconomic environment and the continuously upgraded domestic demand market will still provide the basic driving force for the textile industry's innovation and development. The proposal to promote the formation of a strong domestic market will also point out an important development direction for the textile industry.

The driving force for sustained growth of the global economy is still there. Promoting the co construction of the "one belt and one way" guiding measures will further promote the textile industry to diversify its international market.

On the other hand, the uncertainties of various uncertainties have increased significantly.

The contraction of US dollar liquidity and the aggravation of international trade protectionism have increased the downside risks of the global economy. Our macroeconomic also faces greater pressure due to the rising international environmental risks.

In particular, Sino US trade frictions have been tortuous and difficult to solve in the short term, which has greatly increased the uncertainty of the international trade environment of the textile industry, not only directly affecting export orders and related production and employment, but also will have a potential impact on the international procurement pattern and the international division of labor and investment layout structure of China's textile industry.

Under the situation of "steady changes, changes and worries" in the macro environment, the development pressure of the textile industry has further intensified, and the mission of maintaining a steady development trend and giving full play to its contribution to the national economy is also pressing and arduous.

The textile industry will profoundly understand and grasp the current important strategic opportunity period, further push forward the structural reform of the supply side, vigorously promote the development of high quality, effectively meet the domestic market, actively stimulate the potential of domestic demand, strive to stabilize the share of the international market, continue to maintain a stable and healthy economic operation, and make good contributions to the seventy birthday of the motherland.