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CHINA S TEXTILE INDUSTRY NEWS


With the implementation of "made in China 2025", China's textile industry, as a traditional pillar industry in China, is undergoing a revolution as the gap between traditional textile technology and new technology continues to widen.

With the release of "textile industry" 13th Five-Year "development plan", China's textile industry officially will transform into intelligent and digital era.

The status quo of China's textile industry


China's textile fiber processing volume has maintained a steady growth in the past few years, according to the ministry of industry, statistics show that the amount of processing textile fibers in 2016 reached 54 million 200 thousand tons, an increase of 2.3%, accounting for more than 50% of the total global fiber processing.

The Textile industry, according to the "13th Five-Year" development plan, is expected to expand during the next four years, with China's fiber processing capacity reaching annual growth rate of 100-200 million tons, to achieve 2020 60 million tons, an increase of 3.5% under stable outputs. China is already the world's largest textile processing country, and China is also the world's largest exporter of textiles.

According to the China Textile Industry Association, since 2010, China's textile and garment exports accounted for the major proportion of global textile and garment exports and increased steadily, but the growth rate gradually slowed down.

In 2016, the global textile and garment exports reached 38%. However, according to customs data, in 2015, China exported 291 billion 100 million dollars of textile and clothing, down 4.8% year-on-year. Among them, China's textile exports amounted to $115 billion 260 million, down 2.3%, clothing exports of $175 billion 890 million, down 6.4%. This is also the first time since the financial crisis, China's textile and garment exports are facing negative growth in exports throughout the year. And in 2016, the export situation is still not improved, also from the customs data show that in 2016 China's textile and garment trade volume totaled $290 billion 600 million, down 6.1%. Among them, exports of 267 billion 250 million U.S. dollars, down 5.9%. This is China's textile exports in the past 20 years, for the first time in two consecutive years of decline, and the decline has been magnified year by year.

On The retail side, above the limit of clothing and footwear textile a steady growth in retail sales, retail sales in 2016 could be achieved, and reached 14433 yuan, accounting for above 9.95% of retail sales to consumers.

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