The Main Economic Indicators Of China'S Textile Industry Rebounded And Improved

China News Agency, Beijing, February 3 (reporter Yan Xiaohong) - the China Textile Industry Federation released the latest economic operation of the textile industry on March 3: in 2020, the textile industry overcame the major impact of the new crown pneumonia epidemic, and the main economic operation indicators rebounded and improved. Since 2020, the prosperity of China's textile industry has maintained an overall expansion.

The China Textile Industry Federation said that in 2020, China's textile industry will continue to deepen the transformation and upgrading, and strive to resolve the risk impact brought about by the epidemic situation. The decline rate of main operation indicators will continue to narrow, and the export trade will achieve an over expected growth driven by epidemic prevention materials.

In the first quarter of 2020, affected by the epidemic situation, the prosperity index of China's textile industry fell below the critical point of 50. Since the second quarter, the prosperity index has risen to more than 50, and the fourth quarter is 61.3, which is a good level in recent years, indicating that the business confidence of enterprises is steadily improving.

In addition, the production situation picked up steadily. In 2020, the industrial added value of Enterprises above Designated Size in China's textile industry will decrease by 2.6% year-on-year, 5% lower than that in 2019, 2% and 23% lower than that in the first three quarters of 2020 and from January to February at the beginning of the year. Among the main links of the industrial chain, the production of industrial textiles industry, driven by epidemic prevention materials, achieved a good growth, with the industrial added value increasing by 54.1% year-on-year in 2020; the industrial added value of chemical fiber industry and household textile industry increased by 2.2% and 1.1% respectively, realizing the transformation from negative to positive.

According to the China Textile Industry Federation, 2021 is the first year of the new development cycle of China's "14th five year plan". The development situation faced by the textile industry will still be complex. The foundation for sustained recovery and improvement still needs to be consolidated, and the new stage of high-quality development is still facing many tests. (end)