In 2015, the development of China's textile industry will show three characteristics

At present, China's textile industry has entered a new normal of slowing growth. The relevant person in charge of China National Textile and Apparel Council pointed out to reporters on the 4th that the current development is mainly characterized by three major characteristics: that is, the growth rate is slowing down, the development pressure is increasing, and the power conversion is urgent.
In 2014, there were some new changes in China's textile industry. The market environment of the entire industry was not ideal. The economic growth of the industry was stable and slowing down. The main economic growth indicators of enterprises above designated size have been reduced to single-digit growth, and the operating pressure of enterprises is relatively large. In addition, China's textile and apparel imports and exports experienced negative growth in the first month of 2015.
The relevant person in charge of China National Textile and Apparel Council pointed out that the above all indicate that China's textile industry has entered a new normal of development.
First of all, the growth rate of China's textile industry has slowed down, and there has been progress. As a consumer goods industry, China's textile industry is closely related to the country's macroeconomic development. As China's economic growth slows, it will ultimately affect the industry's demand growth. Under the new normal, the textile industry has entered a medium-speed growth from high-speed growth.
Secondly, the development pressure is increasing, and the differentiation is accelerated. Under the new normal, the overall operation and development pressure of China's textile industry has increased, and textile enterprises, regardless of their size, generally feel that it is more difficult to survive. The reasons include relatively weak demand growth, intensified resource and environmental constraints, rising factor costs, accelerated changes in terminal demand with individualization and differentiation as the mainstream, and micro-market factors such as phased and structural overcapacity in some industries. The important reason is that the original production model is unsustainable, and the new model is still in the process of exploring and forming. Therefore, under the new normal, the survival of the fittest will intensify.
Finally, the power shift is urgent, and the key innovation is. Under the new normal, the core of the development of China's textile industry is to promote transformation and upgrading, change the dependence on investment-driven and factor-driven, and instead rely on innovations in technology, brand, management, system, mechanism and business model to promote the development of the entire industry.
Industry experts emphasized that, as a necessity, the market demand for Chinese textiles is still rigid, and its sales growth in 2015 is expected to be the same as last year.