“Exports maintained growth, domestic sales grew well, production growth slowed down, and operational quality was stable. Overall, despite the complicated external situation, China's textile industry was basically stable in the first half of the year.” August 7, 2018, the textile industry economy in the first half of the year The operational analysis will be held at the China Textile Industry Federation.

At the meeting, the China Textile Industry Ministry summarized the operation of the Chinese textile industry in the first half of 2018 and made predictions on the trend in the second half of the year. The relevant leaders of the Cotton Textile Association, the Chemical Fiber Association, the Printing and Dyeing Association, the Textile Association and the Clothing Association respectively The industry situation was analyzed accordingly, and the International Trade Office also analyzed and explained the progress of Sino-US friction and the impact on the textile industry.

Judging from the changes in production, market, inventory, and employment, the main indicators of the industry's prosperity, since 2018, China's textile industry has experienced four liters, three falls, and one flat (increased production index; increased order index, higher sales price, higher raw material purchase price) Inventories of finished products declined, raw material inventories remained flat; employment index fell); from January to June, from the main markets of textile and apparel exports, the US market grew by 2.9% year-on-year, the EU fell 5.74%, and Japan fell 1.5%, while the “Belt and Road” "The country's export growth rate is relatively fast, and it has become an important market for textile and garment exports in China.

From January to June, China's textile industry regulated the main business income of the company was 290.603 billion yuan, a year-on-year increase of 4.06%, and the total profit was 136.507 billion yuan, a year-on-year increase of 2.39%. Although the industry cost has increased compared with the same period of last year, the main business income has maintained growth and profits have continued to grow.

For the second half of 2018, the domestic demand market will maintain steady growth, but in the context of the macroeconomic slowdown, income growth and consumer confidence are constrained. It is expected that domestic demand growth will slow down from the first half of the year; The growth slowed down, Sino-US trade friction increased uncertainty, and export pressures increased, but the exchange rate was relatively favorable. In the case of a basically stable trade environment, the export slowdown is expected to be limited; from the perspective of efficiency, the internal and external markets are slowing down. Under the pressure of corporate sales and profitability will also increase, but considering the statistical technology, it is expected that the growth rate of corporate economic indicators is basically stable.

From the perspective of the apparel industry, since 2018, China's garment industry has insisted on deepening the structural reform of the supply side, continuing to promote the transformation and upgrading of the industry, and generally maintained a basically stable development momentum. Specifically, from January to June, the output of China's garment industry declined, the decline was expanding month by month, the export declined slightly, the domestic sales grew steadily and rapidly, the investment showed negative growth, the decline was narrowed, the quality effect was basically stable, and the profit pressure was increased. Big.

According to the National Bureau of Statistics, from January to June 2018, the enterprises above designated size in the apparel industry realized a total income of 909.919 billion yuan, a year-on-year increase of 3.89%; total profit of 47.988 billion yuan, an increase of 0.84%; sales profit rate of 5.32%, Compared with the same period of 2017, the decrease was 0.16 percentage points; the gross profit margin was 14.43%, down 0.26 percentage points from the same period of last year; the ratio of three fees was 9.08%, up 0.12 percentage points over the same period of the previous year.

For the second half of 2018, competition in the external demand market will intensify, the global economy will continue to grow, economic growth in major developed countries and emerging economies will continue to improve, and international market demand is expected to rebound, providing a better external environment for garment industry exports. However, the increase in uncertainties and the increase in unpredictability have led to a significant increase in the growth rate of garment exports throughout the year. The domestic demand market, the domestic economy maintained steady and healthy development, the supply-side structural reforms were solidly promoted, and the steady growth of residents' incomes. In addition, the rural revitalization strategy will drive the sustained release of the rural consumer goods market, which will help the apparel domestic market continue to maintain rapid growth.

"China's garment industry will continue to deepen the structural reform of the supply side and focus on promoting the effective implementation of the "three products" strategy. It is expected that the apparel industry will continue to maintain a relatively stable development trend in 2018."