Economic operation and Prospect of textile industry in 1-11 months of 2017

In January 22nd, China Textile Industry Federation of 2017 work summary conference, published in the 1-11 month of 2017 industry economic operation analysis and 2018 outlook.
In 1-11 months of 2017, the high quality development of China's textile industry is reflected in the rising efficiency of growth, the high utilization of production capacity, the increase of consumption expenditure and the conversion of new and old kinetic energy.
The operation of the industry has the following main characteristics: first, the steady growth rate; the two is the steady growth of domestic demand; the three is the external demand market to rebound; the four is the positive investment in the East; and the five is the quality and efficiency of the market.
1, the speed of growth is steady
After entering 2017, China's textile industrial added value growth rate gradually stabilized, the year 2017 reached 4.8%. The development of China's textile industry is basically from the shift period to the smooth period.
2. Domestic demand is steadily increasing
The total retail sales of consumer goods increased, and the proportion of clothing retail in the retail sales of social goods dropped to 4%. The scale is growing, but the growth rate is not fast.
3, the market for foreign demand is warm
In the 1-11 month of 2017, the European Union, the United States and the Japanese market in the traditional export market all reversed the negative growth of the previous year.
China's The Belt and Road textile and apparel exports 83 billion 435 million U.S. dollars, an increase of 3.11%, reversing the negative growth for two years. The The Belt and Road textile and garment export industry growth rate is higher than the export growth of The Belt and Road textile and apparel exports accounted for more than 1/3.
4. Active investment in the East
In 1-11 months of 2017, the investment in fixed assets of China's textile industry was 1 trillion and 230 billion 930 million yuan, up 6.29% over the same period.
From the perspective of regional structure, the eastern region's investment growth rate is 8.7%, which is 4.5% faster than that of last year, accounting for 80.1% of the national investment increment. Due to the relatively small number of new businesses in the eastern region, its higher growth rate shows that the transformation and upgrading of enterprises are highly motivated.
5. Quality and smooth improvement
In 1-11 months of 2017, the profit margin of China's textile industry was 5.26%, which increased by 0.13% compared with the previous year, and the profitability has increased. A small increase in cost control, and a delever to achieve certain results. Chemical fiber filament, weaving and textile machinery industry rate of profit growth significantly; cotton, hemp and industrial industry profit growth decline; profit increment of chemical fiber industry accounted for the total profit increment of 50.7%. The overall management pressure of the industry was slightly higher than that in the same period of the previous year.
Looking forward to 2018, Global trade growth will slow slightly. With the continuous recovery of the global economy and the improvement of consumption information, the consumption demand will grow steadily. In the economic recovery cycle, the growth rate of clothing consumption is generally lower than that of durable goods and services.
Domestic demand for domestic consumption is steadily increasing, and the growth rate is basically equivalent to that in 2017. The national economy continued steady growth, provide a good economic environment for domestic consumption; consumption will increase, the rapid development of consumer finance, provide positive support for the expansion of domestic demand; domestic demand upgrade features significantly, consumers on the quality, culture, environmental protection and other aspects of increased demand, experience the rapid development of economy, the consumption share of the textile industry, optimization of supply put forward a new challenge to the side structure.
In 2018, is expected to price trend is relatively stable. The supply and demand pattern of the international cotton market is relatively loose, and it lacks a substantial basis for price increase; the price difference between domestic cotton and international market is expected to be controlled in a reasonable range.
International crude oil prices will rise because of the gradual easing of international crude oil supply oversupply. This will increase the cost of chemical fiber raw materials, but it will also uplink the market price of downstream chemical fiber products, and the chemical fiber industry is expected to continue to maintain the momentum of rapid growth since 2017.