In The First 10 Months, The Textile Industry Has Been Growing At A Low Speed And Its Efficiency Has Declined.

In 2019, China's textile industry was faced with complex and changeable economic and trade situations, and intertwined uncertain factors, bringing multiple tests to the development of high quality industries. In the 1-10 month, the textile industry was growing at a low speed, the efficiency declined, investment became prudent, the domestic demand market slowed down, and foreign trade exports were under some pressure. The pressure of trade and economic situation has accelerated the transformation and upgrading of industries, and the sense of crisis and innovation of enterprises have been further enhanced.

First, the low growth rate of textile production and the decline in profitability of the industry.

In 2019, thanks to the uncertainty of Sino US trade relations, the textile industry chain production slowed down and industry profits declined. According to the National Bureau of statistics, in 2019 1-10, the industrial added value of textile enterprises above designated size increased by 1.2% over the same period last year, and the growth rate increased by 0.3 percentage points over the same period last year. Among them, the added value of textile and clothing industry increased by 1% over the same period last year, down 3.8 percentage points from the same period last year. In 1-10 months, the total profit of textile enterprises above Designated Size reached 73 billion 80 million yuan, down 6.4% from the same period last year, and the growth rate was 3.7% in the same period last year. Among them, the total profit of textile, clothing and apparel industry was 68 billion 530 million yuan, down 3.4% compared to the same period last year, and the growth rate was 8.9% during the same period last year. With the adjustment of the industrial structure of the textile industry, the backward production capacity will gradually be eliminated, and the market will accelerate the reshuffle. At this stage, the trend of textile production and profit growth will slow down.

　　   Two, investment growth tends to slow down.

Affected by the market environment, textile enterprises' investment confidence has declined, and investment growth has slowed down. According to the data of the National Bureau of statistics, the fixed assets investment in China's textile industry decreased by 8.5% in the 1-10 months of 2019, the first consecutive negative growth in May since 2009. Of them, the fixed asset investment in clothing industry decreased by 0.5% in the 1-10 months, and the negative growth phenomenon began since February February in 2018. The chemical fiber manufacturing industry decreased by 18.6% compared with the same period last year, and it continued to decline for 9 consecutive months. With the further increase of investment awareness of intelligent innovation and green environmental protection, the low level scale investment of textile industry will be significantly reduced in the future, and investment in industry will be more rational. Investment and intelligent investment in manufacturing technology transformation will become a trend.

　　      Three, domestic demand growth slowed down, and the potential of new formats needs to be released.

In 2019, the international economic and trade situation was grim, and domestic and foreign economic growth slowed down, resulting in a slowdown in domestic demand. According to the National Bureau of statistics, in 2019 1-10, the retail sales of clothing, shoes and hats and needle textiles were above 10624 billion yuan, up 2.8% from the same period last year, and the growth rate was 8.4% last year. Clothing sales increased by 2.6% over the same period last year, the growth rate slowed by 6.5 percentage points over the same period last year. The retail sales of apparel products nationwide increased by 7.1% over the same period last year, and the growth rate slowed by 15.4 percentage points over the same period last year. As China's consumer demand continues to escalate, there is still room for development in the new industry line that integrates online and offline.

　　      Four, the pressure of foreign trade export is not reduced. Textiles are better than clothing.

In 2018, the export of textiles and garments appeared in China. After 2019, this trend gradually subsided. According to customs data, in 2019 1-10, the total export volume of textiles and clothing in China was 224 billion 815 million US dollars, down 2.64% from the same period last year. Among them, the total export volume of textiles was 99 billion 310 million 300 thousand US dollars, an increase of 0.33% over the same period last year, and the total export volume of clothing was 125 billion 504 million 700 thousand US dollars, down 4.86% from the same period last year. Foreign trade exports show a trend of "stable textiles and weak clothing".

　　      Five, tap the potential of the domestic market and seek the road of high quality development.

With the rise of protectionism in the international trade and the pressure on the external market, the strong domestic market is the foundation for stabilizing the development of textile economy and the foundation for expanding the opening up. China's consumption contributed more than 60% to the economy in the first half of 2019. At the present stage, China's textile industry should make use of the rapid development stage of industrialization and urbanization in our country, seek breakthroughs in high quality, improve core technology and innovation capability, strengthen innovation driven, effectively meet the requirements of upgrading domestic demand, stimulate market potential by innovation, create new market space actively, thereby enhancing the adaptability of the industry to the new market situation, breaking the international environmental constraints, and improving the competitiveness and influence of the international market.