Since the beginning of this year, China's textile industry has fully implemented the decision-making and deployment of the Party Central Committee and The State Council, closely focused on the strategic goal of high-quality development and construction of a modern industrial system, adhered to the general tone of seeking progress while maintaining stability, and continued to deeply promote the high-end, intelligent and green transformation of the industry.

As China's economy and society fully resumed normal operation, domestic sales of the textile industry showed a trend of recovery, and the industrial cycle became more smooth, but affected by weak external demand, complex trade environment, high production costs and other factors, the main operating indicators such as production, efficiency and investment of the textile industry grew under pressure in the first half of the year, and export pressure increased significantly.

Looking forward to the whole year, the development situation of the textile industry is still complex and severe, and there are still many risk factors such as the lack of momentum for the recovery of the world economy, the contraction of external demand, the intensification of international market competition, and the greater pressure on production and operation of enterprises, and the foundation for the stabilization of the textile industry remains to be consolidated.

The overall economic recovery of the industry has been maintained

Production continues to recover

In the first half of this year, under the continuous improvement of the domestic market situation and the support of the coordinated development of national macro policies, the comprehensive prosperity of China's textile industry has maintained a recovery, and the development of enterprises is expected to improve. According to the survey of the China Textile Industry Federation, the comprehensive prosperity index of China's textile industry in the second quarter was 57%, up 10.7 percentage points and 1.4 percentage points from the same period last year and the first quarter of this year, which is a higher level since 2022.

Affected by the downturn in external demand, the production situation of the textile industry has fluctuated slightly this year, but the decline has gradually narrowed. According to the National Bureau of Statistics, the capacity utilization rate of the textile industry and chemical fiber industry in the first half of the year was 76.2% and 83.2%, slowing down 1.8 and 0.8 percentage points from the same period last year, but rising 0.7 and 1.1 percentage points from the first quarter of this year, higher than the 74.7% capacity utilization level of the manufacturing industry in the same period. In the first half of the year, the industrial added value of enterprises above designated size in the textile industry decreased by 3% year-on-year, the growth rate fell 3.9 percentage points from the same period last year, but it rose 0.7 percentage points from the first quarter of this year, and the industrial added value of chemical fiber, cotton textile, filament weaving and other sub-industries achieved positive growth.

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