This year, the performance of China's textile industry has gradually improved, production and sales growth has been relatively stable, the scale of exports has continued to expand, domestic sales have accelerated, investment confidence has increased, and quality and efficiency have improved steadily. From January to May, the growth rate of the main indicators of the industry has been accelerating, and the overall performance has shown a steady trend toward the good. Click to know immediately about cashmere sweater I. Relatively low production growth Since 2017, the growth rate of industrial added value in the textile industry has fluctuated at a relatively low level. According to the National Bureau of Statistics, from January to May, the industrial added value of enterprises above designated size in the textile industry increased by 5.1% year-on-year, which was lower than the growth rate of 1.6 percentage points in the same period of last year. Among them, the growth rate of cotton textiles and printing and dyeing finishing, chemical fiber weaving, dyeing and finishing, and non-domestic textile manufactured products in the textile industry slowed down by 3.3, 14.2, and 7.2 percentage points respectively. The growth rate of the industrial added value of the chemical fiber manufacturing industry showed a declining trend. Compared with the same period of last year and the growth rate in the first quarter of 2017, the growth rate slowed down by 4.4 and 2.1 percentage points respectively. The production of yarns and chemical fibers in the major categories of products slowed down. Yarn production and chemical fiber production of enterprises above designated size increased by 4.7% and 4.9% year-on-year from January to May, respectively. The growth rate was 2.9 and 2.3 percentage points lower than the same period of last year respectively. The increase in the production of cloth and clothing has accelerated. From January to May, the output of cloth and clothing of enterprises above designated size increased by 4.2% and 1.9% respectively year-on-year, and the growth rate accelerated by 0.5 and 1.2 percentage points respectively from the same period of last year. Second, the speed of investment has accelerated From January to May of 2017, the total investment in the textile industry with over 5 million yuan was 462.88 billion yuan, an increase of 9.1% year-on-year, 1.6 percentage points higher than the growth rate in the same period of last year. From the perspective of the industry chain, investment in apparel and chemical fiber manufacturing industry has strong confidence. Investment from January to May increased by 10.3% and 17.3% year-on-year, respectively, which was 6.6 and 19.7 percentage points higher than the growth rate in the same period of last year. However, the growth rate of investment in the textile industry, which accounts for 50% of industry investment, was only 7.1%, a drop of 6.1 percentage points from the same period of last year. From a regional perspective, the investment in the eastern and central regions increased by 8.6% and 11.1% year-on-year, respectively, and the growth rate increased by 0.2% and 8.4% respectively over the same period of last year; the investment in the western region increased by 3.6% year-on-year, down 34.9 from the same period of last year percentage point. As the investment base in Xinjiang continues to increase, the growth rate has slowed down, and the investment volume in the period from January to May increased by 48% year-on-year, and the growth rate has dropped by 141.5 percentage points compared with the same period of last year, but it is still 3.5 times that of the increase in investment in the western region. . Click to know immediately how to buy cashmere sweaters Third, market pressure has eased Since 2017, the textile industry's exports have shown a steady trend, and the export decline has gradually narrowed. According to China Customs Express data, from January to May, China's textile and apparel exports totaled 99.88 billion U.S. dollars, up 2.1% year-on-year, and yuan-denominated prices rose 8.5% year-on-year. Export prices dropped significantly. Excluding price factors, China's exports of textiles and clothing from January to May increased by 6.5% year-on-year, an increase of 3.8 percentage points over the same period last year. International competition still exists. From January to April, the market share of China's textile and apparel products in the US decreased by 1.1 percentage points year-on-year, and the market share in Japan from January to May decreased by 1.1 percentage points year-on-year. Affected by factors such as the macro economy and the market environment, the growth of domestic demand for textile and apparel merchandise in China has shown a steady trend of slowing down. According to data from the National Bureau of Statistics, from January to May of 2017, the retail sales of clothing, shoes, hats, and pins above the designated size in the country increased by 7.2% year-on-year, 0.2 percentage points higher than the same period of last year. The growth rate of online retail sales has accelerated. From January to May of 2017, the retail sales of online wearable goods nationwide increased by 20.6% year-on-year, 4.4 percentage points higher than the same period of last year. Fourth, the operation has improved efficiency The efficiency of textile enterprises has improved. From January to May of 2017, textile enterprises above designated size achieved a total revenue of 295.457 billion yuan, an increase of 9.4% year-on-year, an increase of 4.5 percentage points over the same period of last year, and a total profit of 149.5 billion yuan, a year-on-year increase of 10.6%. This was an increase of 4.8 percentage points over the same period last year. Click to know how to purchase cashmere sweaters The economic quality of the textile industry has steadily improved. From January to May of 2017, the profit rate of textile enterprises above designated size was 5.1%, which was 0.1 percentage point higher than the same period of last year; the total asset turnover rate was 1.6 times/year, which was 2.5% faster than the same period of last year; the finished product turnover rate was 21.3 Times/year, an acceleration of 3.8% from the same period of last year; the proportion of three fees was 6%, a decrease of 0.2% from the same period of last year; the loss was 14%, which was 0.3% less than the same period of last year. The growth rate of operating indicators has gradually stabilized, laying a foundation for the textile industry to continue to perform well in the first half of the year. However, international and domestic market demand still faces fluctuation risks. The textile industry will continue to actively implement supply-side structural reforms to ensure the steady and healthy development of the industry. 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