On July 8, the fifth Executive Council meeting of the fifth session of the China Textile Industry Federation was held in Beijing. The meeting released the economic operation of China's textile industry in the first half of 2024.

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, adhered to the principle of seeking progress in stability, promoting stability with progress, standing first and breaking later, continued to deepen transformation and upgrading, and accelerated the construction of a modern industrial system. Under the support of positive factors such as the continuous release of the national macroeconomic policy effect and the gradual recovery of domestic and foreign market demand, the supply and demand of the textile industry continued to grow steadily in the first half of the year, the efficiency level continued to improve, the development confidence was consolidated, and the economic operation trend was basically stable. Looking forward to the whole year, the development situation facing the textile industry is still complex and severe, and it is still facing many tests to accelerate the consolidation of the stable and good foundation and continue to promote high-quality development.

Industry prosperity level to maintain the expansion of production and supply steady growth

Since the beginning of this year, the textile industry chain supply chain has operated in an orderly and stable manner, the domestic and foreign market consumption and circulation environment has continued to improve, and the overall prosperity of the industry has continued to expand. According to the Industrial economic Research Institute of China Textile Industry Federation, the comprehensive climate index of the textile industry in the second quarter was 63.3%, which was located in the expansion range of more than 50% for 6 consecutive quarters, an increase of 6.3 and 9.8 percentage points from the same period last year and the first quarter of this year, which is a higher level since 2021.

The production situation of the textile industry remained stable. Data from the National Bureau of Statistics show that from January to May, the industrial added value of enterprises above designated size in the textile industry increased by 4.8% year-on-year, and the growth rate rose by 8.4 percentage points over the same period last year. The industrial added value of the main links of the whole textile industry chain continued to grow positively, and the industrial added value of chemical fiber, wool textile, filament weaving and other sub-industries achieved double-digit growth year-on-year. Among the 15 textile categories counted by the National Bureau of Statistics, the output of 12 categories of products, such as chemical fibers and printed and dyed cloth, increased year-on-year.

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