China Cotton Association: As Of March 20Th, Export Orders Declined Significantly.

According to a survey conducted by China Cotton Association, 96.1% of the cotton textile enterprises surveyed in the third week of March have started work. The number of workers who have resumed work accounted for 91% of the proportion of workers in normal production.

Start up: as of March 20th, the average operating rate of clustered enterprises was around 72%, up 10 percentage points from last week. 85% of the cluster enterprises started to operate at more than 60%, and the rate of business start up was 87% and 57% respectively. From the situation of personnel to posts, the average rate of entry to enterprises in cluster enterprises is around 65%, up 4 percentage points from last week. The rate of employee arrival rate recovery is relatively slow, which can not meet the start-up needs of enterprises.

Orders: by the middle of March, the situation of domestic sales had improved. The proportion of orders returned to normal level of more than 80% accounted for 47.7%, and 86.5% of the enterprises' orders had been restored to more than half. Among them, the enterprises whose products were exported were affected by the global epidemic situation, and the export orders decreased significantly. 47% of the enterprises' export orders were less than half of the normal level. In the first half of this year, the impact of sales revenue and export will be controlled within 20%. It is expected that the global epidemic will affect 3-4 months, and foreign trade enterprises will face 4-6 months' hard times.