On August 7, the China Textile Industry Federation (hereinafter referred to as China Textile Association) 2018 in the first half of the textile industry economic operation analysis meeting was held in Beijing. Gao Yong, secretary of the Party Committee and Secretary General of China Textile Association, said at the meeting that the textile industry in the first half of this year showed a "two stable" situation. On the one hand, the prices of raw materials such as cotton, chemical fiber, wool and silk remained stable; on the other hand, the domestic and international markets remained stable overall. At the same time, "two stable" also makes the entire intermediate manufacturing process in a relatively stable state.

The meeting pointed out that in the first half of 2018, China's textile and apparel export and domestic market generally achieved good growth, providing fundamental support for the textile industry to maintain a stable operation. The textile industry has intensively promoted supply-side structural reforms. The characteristics of high-quality development are more obvious. The economic indicators such as production, sales, efficiency, and investment all show structural adjustment characteristics, and the operational quality and efficiency have improved compared with the first quarter.

According to Ye Chunchun, vice president of the China Cotton Textile Industry Association, from the perspective of economic benefits, the cotton textile industry has been operating steadily in the first half of the year. Since 2018, the company has been in good operating condition, with sufficient orders, smooth production and sales, basically no inventory, and continuous improvement in business conditions. The technological transformation has been actively promoted, and the intelligentization process of textile enterprises headed by large-scale key enterprises is in full swing.

Du Yanbing, deputy secretary-general of China Garment Association, also introduced the economic operation of China's garment industry in the first half of the year. According to him, since the beginning of this year, although the export of China's garment industry has declined slightly, the domestic sales have grown steadily and rapidly, and the overall development has maintained a basically stable development momentum.

The data disclosed at the meeting also provided a “foundation” for the development of the textile industry in the second half of the year. According to the results of the follow-up survey conducted by the China Textile Association, the industry sentiment index continued to be in the expansion range in the first half of the year. The second quarter's prosperity index was 60.9, an increase of 3.6 points from the first quarter.

According to the statistics of the National Bureau of Statistics, in the first half of the year, China's textile industry's domestic demand market grew steadily, and the growth rate of network channels increased significantly. The retail sales of clothing, shoes and hats and needle textiles above designated size increased by 9.2% year-on-year, and the growth rate increased by 1.9 percentage points over the same period of the previous year. The retail sales of online clothing in the country increased by 24.1% year-on-year, and the growth rate increased by 3.3 percentage points over the same period of the previous year. The domestic sales growth of textiles and garments was better than that of the previous year. On the one hand, it was related to China's overall macroeconomic stability and rapid growth of residents' income. On the other hand, it also reflected the remarkable achievements of the textile industry in optimizing supply structure and effectively meeting domestic demand.

Thanks to the good support of domestic and foreign markets, the growth rate of the efficiency of the textile industry has gradually accelerated. In the first half of the year, textile enterprises above designated size achieved a total revenue of 2,906.06 billion yuan, a year-on-year increase of 4.1%. The growth rate was 1 percentage point higher than that of the first quarter of this year. The total profit was 136.06 billion yuan, up 2.4% year-on-year. Increase by 6.2 percentage points. The growth rate of chemical fiber and textile machinery industry was significantly higher than the industry average. In the first half of the year, the main business income and total profit of the chemical fiber industry increased by 16.3% and 19.3% respectively, and the textile machinery industry increased by 16% and 19.6% respectively. Overall improvement.

“In the first half of 2018, the printing and dyeing industry maintained a relatively stable operation quality in the case of a sharp drop in output growth.” According to Ding Sijia of the China Printing and Dyeing Industry Association, the ongoing environmental remediation has brought short-term pain to the printing and dyeing industry, but in the long run Conducive to the survival of the fittest in the industry, printing and dyeing enterprises can increase their competitiveness in the face of adversity, grasp the industry reshuffle opportunities.

According to Sun Shaobo, deputy secretary-general of the China Textile Machinery Association, since 2018, the textile machinery industry has continued to promote smart manufacturing, adjust and optimize the industrial structure, with the technological transformation and upgrading of the textile industry, the further release of equipment replacement and the “One Belt and One Road” in the international market. With the steady advancement of the initiative, the textile machinery industry has continued its growth trend since last year, and the main economic indicators have maintained growth, achieving a smooth operation of the industry.

Looking forward to the second half of the year, the textile industry will continue to maintain a stable trend under the environment of steady growth in domestic demand and generally stable external demand. Gao Yong pointed out that in terms of raw materials, the cotton policy will be adjusted in the second half of the year. The impact of import quotas including the Sino-US trade war on cotton prices remains to be seen. From the market perspective, domestic consumption may decline slightly from the first half of the year, but in terms of exports, Sino-US trade friction has not yet involved the two major exporters of clothing and home textiles to the United States. In the second half of the year, the overall industry economic trend was dominated by “change”, but the overall situation remained relatively stable.

According to the analysis data of China Textile Research Institute of Industrial Economics, in the context of the increasingly complex external situation, it is still the core development task of the textile industry to further promote transformation and upgrading and accelerate the development of high quality. The textile industry will further promote the supply-side structural reform, accelerate the process of industrial transformation and upgrading, and strive to achieve steady, progressive, and qualitative improvement of the industry.

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