Textile industry's high export shrinks, transformation and upgrading become top priority


Published:

2019-01-12

The textile industry, which has created countless brilliant achievements, is also in trouble.  
China's textile industry supports the country's main employment, and this traditional industry is now standing above the air. After the overall downturn in 2015 in China's textile industry, although a smooth start was achieved in 2016, it still faces severe tests in the later period. Finding a transformation and upgrading model has become a top priority.
Recently, it was learned from the China Textile Industry Federation that in the first six months of the year, the growth momentum of the Chinese textile industry and the external market was insufficient, and the operating pressure of Chinese textile enterprises remained.  
According to the previous National Bureau of Statistics data, the main business revenue and profit of the industrial textile industry in the first quarter of 2016 were 66.66 billion yuan and 3.89 billion yuan, respectively, a year-on-year increase of 5.98% and 9.4%. Compared with the same period last year, the main business The growth rate of business income was basically the same, but the growth rate of total profit decreased by 4 percentage points. The profit rate of the industry in the first quarter was 5.83%, an increase of 0.18 percentage points year-on-year, and the loss of the loss-making companies in the industry fell sharply by 22%.
According to analysis, the current growth rate of China's textile industry is flattening, which is a direct result of unfavorable factors such as sluggish domestic and foreign market demand, intensified industry competition, increased constraints on resources and environment, and rising costs of production factors, but the deeper reason is that China's textile industry Supply-side, structural, and institutional issues formed and accumulated in previous high growth. At present, the Chinese textile industry is actively solving these development problems, accelerating the transformation and upgrading, and deepening management innovation.