China Cotton Trade Association In Zhejiang Research Product Prices Downward Local Textile Enterprises Profit Space Compression

On the occasion of the National Party members' focus on educational activities of "never forget their original mind and remember their mission", the Chinese cotton textile industry association has investigated in Zhejiang, Huzhou, Jiaxing and Jinhua, mainly to understand the market situation, the operation of enterprises, and to listen to the views and suggestions on how to better play the responsibilities of the association, push forward the reform of the industry and the development of high quality.

In the survey, it has been learned that since May, the textile enterprises in the survey area have not been operating well, and the quantity of orders has been reduced. Individual enterprises choose to stop on the weekends and increase the inventory of their products. They also reduce the sale of "selling profits" to protect the working capital, and at the same time, reduce the annual target value and reduce their expectations. Compared with some enterprises that produce "big road products", the enterprises with differentiated products are stable, and the profit margins are compressed due to the downward price of products.

At the G20 meeting, the trade relations between China and the United States eased signals, releasing raw materials and products prices rose slightly, boosted the confidence of entrepreneurs and gradually increased orders. Enterprises believe that the market will pick up in 7 and August.

In terms of recommendations, enterprises first emphasized the transparency and timeliness of policies. It is hoped that the association will play an even greater role in talent strength and technology upgrading. In addition, the enterprises said that the grass-roots party building work is a weak link, and I hope the relevant party committees and Party organizations will give more support and help in the content and form.