Review Of China'S Clothing Industry In 2020 And Forecast Of Its Development Prospect In 2021

China is a country with a population of 1.3 billion and the largest clothing consumer and producer in the world. In recent years, China's clothing industry has a great development, which greatly promotes the development of China's national economy. Due to the impact of Xinguan epidemic, the retail value of clothing in the first four months of 2020 is lower than that in the same period of 2019. Although the retail value in the first four months of 2020 drops seriously, due to the expected rapid rebound caused by "retaliatory consumption" in the second half of 2020, the adverse impact on the clothing market is not expected to continue.

1、 Summary and review of 2020

one Relevant favorable policies

With the rapid development of China's economy, clothing industry has become an indispensable part of residents' life. In 2020, China has issued a series of policies to standardize the development of the clothing industry. Affected by the new crown epidemic, foreign trade in various industries has been hit hard. In order to minimize the losses of the clothing industry, the relevant government departments have also issued many favorable policies.