China's textile industry remains generally stable

The data shows that in the first three quarters of this year, the economic performance of China's textile industry remained generally stable, and the main operating indicators achieved steady growth. Among them, the growth rate of production has declined slightly from the same period of last year, and the growth rate of exports and economic indicators has rebounded steadily from the same period of last year. The characteristics of specific industrial economic operations are as follows: The total production volume of the industry has increased, and the growth rate has continued to slow down. According to data from the National Bureau of Statistics, from January to September this year, the industrial added value of China's textile industry increased by 8.6% year-on-year, a slight drop from the first half of the year. The textile industry increased by 9.2% year-on-year, the apparel industry increased by 7.5% year-on-year, and the chemical fiber industry increased by 10.0% year-on-year. The growth rate of output of major major categories of products generally fell from the same period of last year, and the growth rate of production also slowed down during the year. From January to September this year, the output of chemical fiber, yarn, cloth and clothing of textile enterprises above designated size reached 30,461,200 tons, 25,762,700 tons, 49.428 billion meters and 19.392 billion pieces, respectively, a year-on-year increase of 7.47%, 7.45%, 7.12% and 0.73% respectively. The growth rate decreased by 4.47, 5.46, 3.27 and 5.83 percentage points respectively over the same period of last year. Excessive domestic and foreign cotton price spreads and relatively slow growth in market demand are the main reasons for the slowdown in production growth in the textile industry in China compared with the same period of last year.

The export growth rate of products has risen faster than that of the previous year, but it has shown fluctuations during the year. According to customs data, from January to September this year, China's textile and apparel exports totaled US$215.131 billion, an increase of 11.74% year-on-year, and the growth rate was 10.7 percentage points higher than the same period of last year. Among them, textile exports reached US$84,223 million, an increase of 10.96% year-on-year, and the growth rate increased by 10.4 percentage points over the same period of last year; apparel exports reached US$131.088 billion, a year-on-year increase of 12.25%, and the growth rate increased by 10.9% over the same period of last year. During the year, there was a volatile export performance. Excluding the seasonal fluctuations in the Spring Festival, the first half of the year showed a trend of slowing exports. In addition to the performance of the callbacks in July and August, September continued to show a trend of deceleration. The EU, the United States, and Japan have always been the top three markets for China's textile and apparel exports. However, since the beginning of this year, China’s exports to the ASEAN countries have grown rapidly, and ASEAN has become China’s third largest market for textile and apparel exports. According to customs data, from January to September this year, China’s textile and apparel exports to ASEAN amounted to US$25.058 billion, an increase of 42.74% year-on-year.

The total investment in the industry has grown steadily and new projects have maintained positive growth. From January to September of this year, China's textile industry has a total of 11,217 newly-started fixed-asset investment projects of more than 5 million yuan, an increase of 9.04% over the same period of last year. The growth rate is 15.38 percentage points higher than that of the same period of last year, indicating that the industry confidence has recovered rapidly; The actual amount of investment in assets was 660.446 billion yuan, a year-on-year increase of 17.72%, and the growth rate was 2.38 percentage points higher than the same period of last year.

The industry’s profit growth accelerated over the same period of last year, but it declined during the year, and the quality and performance indicators performed well. From January to September of this year, 38,000 textile enterprises above designated size achieved a total revenue of 4.5585.74 billion yuan, a year-on-year increase of 11.70%, an increase of 2.37 percentage points over the same period of the previous year, and a total profit of 215.249 billion yuan, a year-on-year increase of 17.41%. , higher than the previous year by 17 percentage points; sales profit rate of 4.72%, slightly higher than the same period last year by 0.23 percentage points. It shows that the profitability of the industry has improved compared with the same period of last year. The proportion of three fees was 6.06%, a year-on-year decrease of 0.03 percentage points, and the loss of loss-making enterprises decreased by 4.39% year-on-year. It shows that the management efficiency of the industry has improved. According to the results of the entrepreneurial survey questionnaire, large-scale enterprises are in good operating condition with strong cost control capabilities, while small-scale enterprises have relatively poor operating conditions.

At present, the prospects for the international market affecting the economic operation of the textile industry are expected to be basically stable, and the export environment will not experience severe fluctuations. Overall, the economy of the United States, Japan, and Europe can basically maintain the recovery trend, which is expected to support the basic stability of the global macroeconomic environment, and the export environment facing the textile industry will basically not drastically change. However, economic recovery in developed economies will remain slow, and the current situation of low growth in external demand will not significantly improve, and the competitive situation in the international market will remain fierce. It is expected that China's textile and apparel exports will maintain a growth rate of around 10%.

The growth of the domestic market affecting the economic operation of the textile industry is basically stable, the macroeconomic stability is steady, the domestic demand growth rate is up, the network marketing expansion is rapid, and the domestic demand is expected to be generally stable. However, the consumer confidence and the level of income growth are still generally low, increasing. Space is limited. While the cotton price difference exists, the impact on the competitiveness of cotton spinning companies is outstanding, while the labor price continues to rise, and the appreciation of *** accelerates. Under this background, there is room for further growth in domestic sales, but the room for improvement is relatively limited; combining domestic and foreign market conditions It is expected that the production and profit of the industry will be basically stable, but as the statistical base increases, the growth rate will slow down slightly from the current level.