The main indicators of China's textile power are basically reached
China News Agency, Beijing, January 22 (Reporter Yan Xiaohong) Sun Ruizhe, chairman of the China National Textile and Apparel Council, pointed out at the annual work summary meeting on the 22nd that the main indicators of China’s textile power have basically been reached, and high-quality development has taken a new step forward. A big step.
Sun Ruizhe said that in 2020, China's textile industry has maintained its developmental strength in integrity and innovation, the industry's manufacturing foundation has been continuously consolidated, the industrial digitalization, greening, and lean transformation have accelerated, and new formats such as the live broadcast economy have continued to emerge.
China's textile industry radiates market vitality through independence and cooperation. With domestic demand as the strategic basis, the adaptability and synergy between the industrial supply system and the internal and external markets has been continuously improved. From January to November 2020, the decline in the retail sales of clothing, footwear, and knitting textiles of units above designated size across the country narrowed by 4.5 percentage points compared with the previous three quarters. The domestic circulation drives the international circulation, and the industrial resources achieve superior import and export.
At the same time, Sun Ruizhe reminded that the Chinese textile industry is under realistic pressure amidst differentiation and fluctuations. The uncertainty of the external environment remains high, and the foundation for industrial recovery is not yet solid. From January to November 2020, the total profit of the industrial textile industry increased by 218.6% year-on-year, and the total profit of the home textile industry increased by 21.7% year-on-year. However, as a whole, the operating income, total profits and fixed asset investment completed of textile enterprises above designated size decreased by 9.7 year-on-year. %, 8.6%, 18%, the balance and stability of the industrial recovery are facing challenges. (Finish)