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The overall performance of China's textile industry in the first five months of this year was better than expected!
From January to May, the main economic operation indicators of the textile industry, including production, domestic sales, exports and investment, all achieved growth. The overall performance was better than expected, and the economic operation was basically stable.
The industrial added value of large-scale textile enterprises across the country increased by 3.4% year-on-year. The retail sales of above-scale clothing, shoes, hats and needle and textile products increased by 3.3% year-on-year, with the growth rate accelerating by 1.3 percentage points compared with the same period of the previous year. The growth rate of online retail channels has shown signs of continuous improvement. From January to May, the national online retail sales of clothing products increased by 1.2% year-on-year. The total export value of textiles and garments increased by 1%. The completed fixed asset investment in the textile industry, the garment industry and the chemical fiber industry increased by 15.1%, 27.7% and 16.4% respectively year-on-year, achieving relatively fast growth. Under the overall stability of the industry supply side and the intensified and expanded support of the national "two major" and "two new" policies, leading enterprises are accelerating their transformation and upgrading towards high-end, intelligent and green development.
