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    2019 Textile Industry To Accelerate Transformation And Upgrading Of Textile Industry Policy Summary

    2020/2/26 12:58:00 151

    TextileIndustryAccelerationTransformationUpgradingTextile IndustryPolicy

    In 2019, China's textile industry continued to accelerate its transformation and upgrading, and its overall prosperity and production were generally stable. However, under the multiple pressures of internal and external market demand slowing down, the trade environment becoming more complex, and the continuous increase of comprehensive costs, the growth momentum of enterprise investment is weak and the level of efficiency is declining. The main economic operation indicators are slowing down. In 2019, the profit pressure of textile industry increased significantly, and most of the links in the industrial chain continued to bear pressure. In 2019, 35 thousand Textile Enterprises above Designated Size realized operating income of 4 trillion and 943 billion 640 million yuan, down 1.5% from the same period last year, and realized a total profit of 225 billion 140 million yuan, down 11.6% from the same period last year, and the growth rate was lower than the 19.6 percentage points of the previous year. The profit margin level of the terminal industry is relatively stable, and the operating profit margins of garments, home textiles and industrial textiles are 5.5%, 5.1% and 5% respectively.

    Textile industry is the traditional pillar industry and important livelihood industry of our national economy. It is also an obvious competitive industry in China. It plays an important role in prospering the market, expanding exports, absorbing employment, increasing farmers' income and promoting the development of urbanization. The textile industry includes cotton textile, chemical fiber, hemp textile, wool textile, silk, textile knitting industry, printing and dyeing industry, etc. its main raw materials are cotton, cashmere, wool, cocoon silk, chemical fiber, feather and down. The main segments of the textile industry are clothing, household textiles, industrial textiles and so on. Since 2018, the textile machinery industry has further promoted industrial upgrading, and has made varying degrees of progress in new, efficient, low energy consumption, flexibility, automation, digitalization and intellectualization. Technological innovation and structural adjustment have supported the steady growth of the industry. Since 2019, the overall operation has achieved good results and the growth rate of the industry has picked up.

    In recent years, relevant ministries and commissions of the state have promulgated a series of policies and regulations to support the development of the textile industry. The implementation of various industrial policies has laid a good policy environment for the development of the industry. It has made clear guidance from the development goals, growth rate, industry norms, key development directions, technical means and key areas of downstream application, so as to promote the healthy development of the whole industry.

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