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Supply-side reform continues to advance, and the economic performance of the textile industry in 2018 is generally in line with expectations.


Release time:

2019-02-15

In 2018, the external situation faced by China's textile industry is generally more complex, and the development pressure has increased. The whole industry adheres to the general tone of work of seeking progress amidst stability, actively deepens supply-side structural reform, vigorously promotes high-quality development, and strives to resolve various external risks. Throughout the year, the economic operation of the textile industry was basically normal, in line with the external environment of the industry and its own stage of development, the growth level of the main operating indicators was generally in line with expectations, the business climate was relatively stable, and the characteristics of high-quality development gradually emerged.

In 2018, the external situation faced by China's textile industry is generally more complex, and the development pressure has increased. The whole industry adheres to the general tone of work of seeking progress amidst stability, actively deepens supply-side structural reform, vigorously promotes high-quality development, and strives to resolve various external risks. Throughout the year, the economic operation of the textile industry was basically normal, in line with the external environment of the industry and its own stage of development, the growth level of the main operating indicators was generally in line with expectations, the business climate was relatively stable, and the characteristics of high-quality development gradually emerged.

  The main economic performance indicators of the textile industry have achieved positive growth.According to data from the National Bureau of Statistics and China Customs, in 2018, the retail sales of clothing, shoes, hats, needles and textiles above the national quota increased by 8% year-on-year, and the growth rate was 0.2 percentage points higher than that in 2017. The total export volume of textiles and clothing (50~63 chapters) reached 276.73 billion billion US dollars, an increase of 3.5 percent over the same period last year, and the growth rate was 2 percentage points higher than that of the previous year. 37000 textile enterprises above designated size across the country achieved main business income of 5370.35 billion billion yuan, a year-on-year increase of 2.9 percent, and the growth rate was 1.3 percentage points slower than the previous year; the total profit was 276.61 billion billion yuan, a year-on-year increase of 8%, and the growth rate was 1.1 faster than the previous year. percentage point. According to statistical data, the industry-wide fixed asset investment increased by 5% year-on-year, a slight slowdown of 0.2 percentage points from the previous year.

  The supply-side reform of the textile industry continues to advance, and the results are gradually emerging.The domestic demand market continues to play a primary supporting role, and the growth of online retail is particularly good. In 2018, the national retail sales of online wearing goods increased by 22% year-on-year, and the growth rate was 1.7 percentage points higher than that in 2017. Capacity utilization remained at a high level, with the capacity utilization rates of the chemical fiber industry and textile industry (excluding clothing and textile machinery) reaching 81.8 per cent and 79.8 per cent, respectively, both higher than the national industrial average of 76.5 per cent. The profitability of enterprises has improved. The sales profit rate of textile enterprises above designated size was 5.2, an increase of 0.3 percentage points year-on-year. The three major terminal industries of industrial use, home textile and clothing remained stable throughout the year, and the contribution of chemical fiber and textile machinery to the economic development of the whole industry increased. Among them, the main business income, total profit and investment completion of the chemical fiber industry increased by 12.4, 10.3 and 29% respectively compared with the same period last year, which were significantly higher than the average level of the whole industry. The business climate is stable. According to the survey data of the China Textile Industry Federation, in the fourth quarter of 2018, the textile industry climate index was 57.8, up 4.7 points from the third quarter; the industry climate index for the whole year was in the expansion range of more than 50.

  In 2019, the external environment facing the textile industry has become more complex and severe.On the one hand, the growth of domestic and foreign market demand still has a certain supporting foundation. The Central Economic Work Conference made an important judgment that my country's development will still be in and will be in a period of important strategic opportunities for a long time, indicating that my country's overall stable macroeconomic environment and the continuously upgraded domestic demand market will still provide the basic driving force for the innovation and development of the textile industry; promote The proposal of the task of forming a strong domestic market also pointed out an important development direction for the textile industry. The driving force for sustained global economic growth still exists, and the guiding measures to promote the joint construction of the "Belt and Road" will promote the textile industry to further develop diversified international markets. On the other hand, various uncertain and unstable factors have increased significantly. The contraction of US dollar liquidity and the intensification of international trade protectionism have increased the downside risks of the global economy. my country's macro economy is also facing greater pressure due to rising international environmental risks. In particular, the trade friction between China and the United States is tortuous and difficult to solve completely in the short term, which greatly increases the uncertainty of the international trade environment of the textile industry, which not only directly affects export orders and related production and employment, but also has a potential impact on the international procurement pattern and the international division of labor position and investment layout structure of China's textile industry.

Under the situation of "changes in stability and worries in change" in the macro environment, the development pressure of the textile industry has further intensified, and the mission of continuing to maintain a stable development trend and giving full play to its due contribution to the national economy is also more urgent and arduous. The textile industry will deeply understand and grasp the current important strategic opportunity period, further promote the supply side structural reform, vigorously promote high-quality development, effectively meet the domestic market, actively stimulate the potential of domestic demand, strive to stabilize the international market share, continue to maintain the economic operation situation is basically stable and healthy, and present the 70th birthday of the motherland with good development achievements!