Before March, China'S Garment Enterprises Above Designated Size Reached 20.29% Of The Total Garment Output Year-On-Year.

China Apparel Association 8 revealed that in March 2020, China's garment industry above designated size enterprises completed 4 billion 618 million garment production, down 20.29% from the same period last year, a drop of 16.32 percentage points from January to February.

China Garment Association said that in 2020, March, affected by the new crown pneumonia epidemic, faced with multiple difficulties such as the impeding of workers returning to work, the reduction of market demand and the tight cash flow, the Chinese garment industry actively promoted the resumption of work and resumed production, striving to expand new sales channels, and further accelerated the upgrading of industrial digitalization on the basis of the continuous rise of new formats and new models.

With the continuous improvement of the domestic epidemic prevention and control situation and the gradual efforts of various macro-control policies, the quality of production and operation of China's garment industry has improved. However, due to the continuous spread of the international epidemic, some overseas orders have been cancelled or delayed, the new orders and chasing orders have fallen off the cliff, while the domestic market is lagging behind, and clothing consumption has not yet fully recovered. Domestic sales and investment are still falling, and profits are under pressure.

In March 2020, the actual investment in China's garment industry dropped by 45.8% compared to the same period last year, a decrease of 4.4 percentage points from January to February.

Over the same period, the total operating income of garment enterprises above designated size decreased by 23.46% compared to the same period last year, and the decline was narrowed by 4.68 percentage points from January to February. (end)