Since 2019, the prosperity of China's textile industry has continued to expand. According to the survey data, in the first quarter and the first half of the year, the prosperity index of China's textile industry was 55 and 52, respectively, both above the 50-year-old line, indicating that the industry is still in a growth cycle.
The overall production of China's textile industry has achieved steady growth. In the first half of the year, the industrial added value of enterprises above designated size in the Chinese textile industry increased by 3.6% year-on-year, which was 0.8 percentage points higher than the same period of the previous year, but slowed by 1.8 percentage points from the first quarter of this year. Among the various links in the industrial chain, the industrial added value of the chemical fiber industry maintained a 13% double-digit growth rate, which was 6.4 percentage points higher than the same period of the previous year; the industrial added value of the industrial textile industry grew more steadily, and the growth rate in the first half of the year was relatively high. It is 7.6%.
At the same time, the pressure on the quality and efficiency of China's textile industry has increased, and the scale of investment has declined slightly. Since 2019, under the pressure of the internal and external markets, the profit pressure of textile companies has increased.
Despite the increased pressure on the survival and development of Chinese textile enterprises, enterprises are still actively accelerating transformation and upgrading, striving to improve their comprehensive management capabilities, striving to resolve external risks and maintain stable development.
Generally speaking, in the second half of 2019, the external environment faced by China's textile industry is more complicated, but China's macroeconomic environment and domestic demand consumer market will still provide important development support for the industry. China's textile industry will continue to promote supply-side structural reforms, deepen the potential of domestic demand, vigorously promote high-quality development, further enhance the ability to resist risks and develop resilience, and make every effort to ensure a stable operation.
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