In 2019, The Boom Of China'S Textile Industry Was Expanding, And The Pressure Of Development Increased In 2020.

China Textile Industry Federation released the economic operation of China's textile industry in 2019 on 18 th: in 2019, the industry boom and start production were basically stable, and the boom of the textile industry was generally in the expansion interval. In 2020, the pressure of industrial development increased, but the positive factors still existed.

The China Textile Industry Federation said that the risks faced by the development of China's textile industry in 2019 were significantly increased. The whole industry continued to accelerate the transformation and upgrading, and strive to overcome the pressure of downside risks. The overall prosperity and production situation were generally stable. However, under the multiple pressures of internal and external market demand slowing down, the trade environment becoming more complex, and the continuous increase of comprehensive costs, the growth momentum of enterprise investment is weak and the level of efficiency is declining. The main economic operation indicators are slowing down.

In 2019, China's textile industry boom was generally in the expansion section, and the textile industry boom index in the fourth quarter was 55.2, maintaining an expansion interval of more than 50, and rebounded in the first three quarters, reaching the highest value of the whole year's boom.

China Textile Industry Federation said that the pressure of industry development increased in 2020, but positive factors still existed. The external situation facing China's textile industry in 2020 will be more and more complicated. The complex situation of increasing global economic risk points is intertwined with domestic structural and cyclical issues, and the normal pressure of rising costs and intensifying competition remains. The sudden outbreak of new crown pneumonia in the beginning of this year will not only cause direct economic losses to textile enterprises, but also will result in the loss of foreign trade orders and the aggravation of international competition for some time after the end of the epidemic.

But from a positive perspective, the global economy will continue to moderate growth in general, and the long-term foundation of China's macro-economy will not change. Domestic macroeconomic policies will focus more on steady growth and risk prevention, and will improve the policy environment of small and medium-sized private enterprises in a more important position. In response to the impact of the new crown pneumonia epidemic, the state has launched various supportive policies to help enterprises gradually ease the pressure of operation.

China Textile Industry Federation emphasizes that the textile industry will continue to advance steadily in the future, actively resolve the adverse effects brought by the new crown pneumonia epidemic, and strive to keep the economic operation in a reasonable range.