The Overall Prosperity Of China's Textile Industry Has Been Stable And Production Has Been Growing Steadily.

China Textile Industry Federation 6 revealed that since 2019, China's textile industry boom has continued to expand. Survey data show that in the first quarter and the first half of the year, China's textile industry boom index was 55 and 52, respectively, above the 50 ups and downs, indicating that the industry is still in the growth cycle.


Overall, China's textile industry has achieved steady growth. In the first half of this year, the industrial added value of China's textile enterprises above designated size increased by 3.6% compared to the same period last year, the growth rate was 0.8 percentage points higher than that of the same period last year, but 1.8 percentage points slower than the first quarter of this year. In the various links of the industrial chain, the industrial added value of the chemical fiber industry maintained a two digit figure of 13%, which was higher than that of the high speed growth rate, 6.4 percentage points higher than that of the same period last year. The industrial added value of the textile industry increased steadily, and the growth rate in the first half year was 7.6%.


At the same time, China's textile industry has increased its quality and efficiency pressure, and its investment scale has declined slightly. Since 2019, under the pressure of internal and external market, the pressure of textile enterprises has increased.


Despite the increasing pressure on the survival and development of Chinese textile enterprises, enterprises are still actively accelerating transformation and upgrading, striving to improve their comprehensive management capabilities, trying to resolve external risks and maintain steady development.


Generally speaking, the China Textile Industry Federation said that in the second half of 2019, the external environment facing China's textile industry is more complex, but China's macroeconomic environment and domestic consumption market will still provide the primary development support for the industry. China's textile industry will continue to push forward the structural reform of supply side, tap the potential of domestic demand, vigorously promote the development of high quality, further enhance the ability to resist risks and develop resilience, and make every effort to ensure stable operation.