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Chinas textile and garment industry is expected to slow down this year

2021-01-05
Second

In view of the new changes in the internal and external situation of the textile and garment industry, China's textile and garment industry is currently in an important period of deepening structural adjustment, transformation and upgrading, and speeding up the construction of a powerful country.
The reporter learned from the China Textile Industry Federation on the 18th that with China's economic development, it has entered the stage of speed shift, structural adjustment and power transformation; New normal;, Consumption and investment demand, mode of production organization, factor comparative advantage, market competition pattern, resource and environmental constraints are showing new stage changes.
According to the analysis, at present, the upgrading of domestic consumption structure is speeding up, and personalized and diversified flexible demands such as fashion, functionality and ecological security have become new consumption characteristics; At the same time, consumption patterns and channels are constantly changing. China has become the world's largest online sales market, and online and offline consumption has become the new normal of consumption patterns.
In terms of international competition, the current international trade pattern is being restructured. Developed economies have entered the normal state of rational consumption and restarted the process of industrialization. Emerging economies are deeply involved in the adjustment of international industrial layout. In addition, factors of production and comparative advantage have changed; The constraints of resources and environment are also increasing.
Therefore, with the replacement of quantity expansion by personalization and diversification, it has increasingly become a new consumption trend to better meet the high-quality requirements of consumers on fashion, functionality and ecological safety of clothing products, which has become an important mission of China's textile and garment industry in the new era.
The person in charge of the China Textile Industry Federation stressed that although the pace of China's textile industry slowed down this year, it still contains huge market potential and growth momentum.

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