Recently, there are several data worth paying attention to. First, the data released by the National Bureau of Statistics shows that the profits of industrial enterprises nationwide in the first two months of 2020 fell by 38.3%, of which the profits of the textile industry fell by 59.3%, which was more than 20% lower than the profits of industrial enterprises nationwide. Second, according to customs statistics, from January to February 2020, China ’s total exports were 2.04 trillion yuan, a year-on-year decrease of 15.9%, of which exports of textile yarns, fabrics and products decreased by 19.9% year-on-year, and exports of clothing and clothing accessories decreased by 20.0 year-on-year. %, Both showed a "cliff-like" decline; the third is that China ’s cumulative imports from January to February 2020 reached 4.12 trillion yuan, a year-on-year decrease of 9.6%, of which the cotton grey cloth imports were 11.14 million meters, a year-on-year decline of 33.56%, which was cumulative from January to February. Imported cotton yarn was 280,000 tons, a year-on-year decrease of only 1.4%.

Why are textile clothing enterprises more affected by the new crown pneumonia epidemic than other industrial enterprises? There are several reasons:

First of all, the proportion of direct exports of China's textile clothing is relatively large, and most of them come from developed countries such as Europe, the United States, Japan, and South Korea. According to statistics, China's total textile and clothing exports in 2019 were 271.867 billion US dollars, a year-on-year decrease of 1.85%. Although the value of textile and clothing exports only accounted for 1.58% of China's total exports in 2019, the profits created and foreign exchange earned may be significantly higher than other parts. industry. According to surveys in Jiangsu, Zhejiang, Guangdong, Shandong and other places, the dependence of textile and clothing enterprises on foreign trade exports generally exceeds 50% (including indirect exports from Hong Kong and Macao), and the dependence of high-margin and high value-added textile and clothing products on exports has reached 60. %the above.

Second, China's textile industry still has the characteristics of labor-intensive and relatively low degree of automation. Since the sudden outbreak of the new crown in late January, various provinces and cities have started a primary prevention response mechanism, and logistics and flow of people have been greatly restricted. Although the progress of resuming work of large-scale enterprises has accelerated significantly since mid-to-late February, it is difficult to resume production. Most textile and clothing enterprises still mainly complete orders before the Spring Festival, and the demand for labor has continued to weaken. Several weaving and clothing factories in Jiangsu and Zhejiang reported that at present, domestic and foreign consumers have pressed the "pause button", and many textiles have become stocks before they are listed.

Also, there is great pressure on the order and capital of textile service enterprises. At present, domestic demand for cotton yarn, grey fabrics, clothing, etc. has not improved, and export sales have suffered significant losses due to cancellation of orders (some products have been on the machine), indefinite delay in delivery and other reasons. Compared with enterprises above the designated size, some small and medium-sized textile garments have suffered greater impacts and losses. From the survey, some cotton textile companies that have resumed work have short-term plans to reduce production or even shut down.

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