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In the first half of 2021, in the face of the complicated domestic and international development environment, my country's textile industry fully implemented the decisions and deployments of the Party Central Committee and the State Council, continued to consolidate and expand the results of epidemic prevention and control and the stable situation of production and operation, the industrial cycle remained smooth, and the industry's prosperity rebounded to a high level., Enterprise benefits have steadily improved, investment confidence has recovered, major operating indicators have rebounded steadily, and the overall economic operation situation has been strengthened. Especially in the domestic and international epidemic situation has been repeated, China's textile industry has shown strong development resilience, to ensure the integrity of the industrial chain supply chain, stable operation. Looking forward to the whole year, the development situation of the textile industry is still complicated, there are many unstable and uncertain factors, and there are still many challenges to maintain stable operation throughout the year.

The business climate of the industry rose to a high level, and the production situation continued to improve.

Since 2021, under the overall stable situation of domestic epidemic prevention and control and the good support of the recovery of domestic and foreign markets, the prosperity and capacity utilization level of the textile industry have continued to improve steadily. According to the survey data of the China Textile Industry Federation, the prosperity index of China's textile industry in the second quarter of 2021 was 65.4, above the 50-year-old line for five consecutive quarters, up 8.3 percentage points from the first quarter of 2021, the highest level since 2012, reflecting a significant improvement in business confidence and prospects. According to the National Bureau of Statistics, in the first half of the year, the capacity utilization rates of the textile and chemical fiber industries were 79.7 percent and 86.1 percent, respectively, both higher than the national industrial level of 77.9 percent in the same period and 9.4 and 9 percentage points higher than the same period in 2020.

The production situation continues to improve. According to data from the National Bureau of Statistics, in the first half of the year, the added value of the textile industry above designated size across the country increased by 9.6 year-on-year. Based on the first half of 2019 (the same below), the two-year average growth rate was 1.1. The production situation in all major links of the industrial chain rebounded in an all-round way, and the growth rate of industrial added value in more than half of the links reached more than 10%.

The domestic demand market has gradually improved, and the export situation has obviously warmed up.

Since 2021, my country's national economy has steadily improved to drive the steady release of consumption potential. Driven by multiple holidays in the first half of the year, the domestic demand market for textiles and clothing has steadily recovered, and the pulling effect on the smooth recovery of the industry's economic operation has increased. According to the National Bureau of Statistics, in the first half of 2021, sales of clothing, shoes, hats and knitwear categories above the national quota increased by 33.7 percent year-on-year, with an average growth of 3.7 percent in two years. The vitality of online retail has been continuously stimulated, and the market activity of "small and beautiful" independent brands, "National Tide" brands and leisure sports brands has increased. In the first half of the year, the retail sales of online wear goods across the country increased by 24.1 year-on-year, and the growth rate increased by 27 compared with the same period last year. Percentage points, an average growth rate of 9.8 in two years.

In the global epidemic situation, China's export enterprises to cope with the growing capacity, showing a good ability to resist risks, textile and clothing exports to maintain good growth. China Customs Express data show that in the first half of 2021, China's textile and clothing exports totaled $140.09 billion billion, an increase of 12.1 percent over the same period last year, with an average growth of 6.2 percent in two years. Driven by factors such as the recovery of overseas terminal market demand and the gradual diversification of export channels, the garment export situation continued to improve. In the first half of the year, the cumulative export value reached 71.53 billion billion U.S. dollars, a significant year-on-year increase of 40.3 percent, and an average increase of 4.4 percent in two years, accounting for the total export of textiles and clothing. The proportion rose from 40.8 in the same period last year to 51.1 percent. Since the beginning of this year, with the global new coronary pneumonia vaccination rate increased, the demand for epidemic prevention materials has fallen, China's textile exports have shrunk, the cumulative export amount in the first half of the 68.56 billion billion U.S. dollars, a decrease of 7.4 percent year-on-year, an average two-year growth of 8.1 percent.

Continued improvement in quality and efficiency, and steady recovery in development confidence

According to data from the National Bureau of Statistics, in the first half of the year, 33000 textile enterprises above designated size achieved a cumulative operating income of 2343.49 billion billion yuan, an increase of 20.3 percent over the same period last year, an increase of 36.7 percentage points over the same period last year, and an average increase of 0.3 percent in two years. The total profit was 107.89 billion billion yuan, an increase of 41.1 percent over the same period last year, 60.1 percentage points higher than the same period last year, and an average growth of 6.9 in two years. The profitability of enterprises accelerated the recovery. In the first half of the year, the operating income profit margin of textile enterprises above designated size was 4.6, an increase of 0.7 and 0.5 percentage points respectively over the same period of last year and the first quarter of this year. The operating income of the main links of the industrial chain increased year-on-year. In the first half of the year, the operating income of the textile industry, chemical fiber industry and garment industry increased by 18.9, 35% and 13% respectively. The profit growth rate of more than 60% reached more than 30%. Among them, the chemical fiber industry was affected by the rise in commodity prices and the low base factor in the same period last year, and the total profit increased by 387.8 year-on-year. The connection between production and marketing has become smoother, and the quality of operation has continued to improve. In the first half of the year, the turnover rate of finished products and the turnover rate of total assets of textile enterprises above designated size were 13.2 times per year and 1.1 times per year, respectively, an increase of 22.6 and 14.2 year-on-year; three The fee ratio was 6.8, a decrease of 0.5 percentage points from the same period last year.

Confidence in the development of textile enterprises continued to increase, and investment rebounded steadily. According to data from the National Bureau of Statistics, in the first half of the year, the completed investment in fixed assets in my country's textile, chemical fiber and garment industries increased by 15.2, 16.6 and 5.8 year-on-year, respectively, and the growth rate rebounded sharply from the same period last year by 37.6, 33.5 and 43.7. percentage point. In terms of regional distribution, investment in the whole industry chain in Shandong, Jiangsu and Zhejiang provinces in eastern China achieved positive growth; investment in the central region showed restorative growth, especially in Hubei Province, which was hit by the epidemic.

Uncertainties remain to be resolved, and steady development contains new opportunities.

In general, the economic operation of the textile industry continued to recover steadily in the first half of the year, laying a good foundation for the smooth operation of the whole year. Looking forward to the whole year of 2021, the economic operation of the textile industry has the supporting factors to continue to strengthen and improve steadily. China's macroeconomic stability recovery, employment, income, consumption cycle continued to optimize the balance, for the textile industry to smooth the industrial cycle provides the most important endogenous power. Relying on a complete and advanced manufacturing industry system, the industry's export competitiveness has been steadily released, and it has the ability to grasp the opportunity of recovery and recovery in the international market. Based on the new development pattern of "double cycle", the textile industry will actively implement the strategy of expanding domestic demand, further integrate the measures such as upgrading traditional consumption, cultivating new consumption and innovating circulation mode with the supply side structural reform, strive to tap the potential of internal and external market demand, and open up new space for development in promoting high-quality development.

At the same time, we should also see that the global epidemic is still evolving, the domestic economic recovery is still unstable, and the development of the textile industry is also facing unstable and uncertain factors. Since the beginning of this year, the global epidemic has repeatedly repeated, the domestic epidemic in many places appeared local rebound, increasing the uncertainty of market recovery, the textile industry production and marketing situation to maintain a stable formation test. Commodity prices rose significantly, beyond the recovery of the terminal market, the textile industry chain in the lower reaches of the industry enterprises caused a certain production and operation pressure. In addition, structural labor shortages, rising comprehensive costs and other normalized risk pressures are still to be resolved.

The textile industry will actively implement the decisions and arrangements of the CPC Central Committee and the State Council, further deepen supply-side structural reform, and vigorously promote high-quality development. we will continue to give full play to the positive role of the textile industry in ensuring stable supply, stimulating the vitality of domestic demand, and improving employment and income, and strive to consolidate the steady and good foundation of economic operation, and make positive contributions to the steady and healthy development of China's national economy in the first year of the 14th five-year. (Source: China Textile Industry Federation Industrial Economic Research Institute)