Looking forward to the fourth quarter and 2025, the development of the textile industry is still facing more unstable and uncertain factors, and there are still many challenges to maintain a stable and good trend. The international political and economic environment is becoming more complex. The cycle of interest rate cuts in major economies has just started, and the driving effect on economic growth is still insufficient. The geopolitical disturbance continues, the risk factors of trade friction increase, and the foreign trade situation of the textile industry is still relatively severe. China's macro economy is expected to continue to rebound to a good trend, but the task of development and reform is still difficult, residents' income base and consumer confidence are still to be consolidated, and the pressure on enterprises to operate continues to be high, testing the resilience of high-quality development of the textile industry.

Under the complex and severe situation, the super-large scale and constantly upgrading domestic demand market will still be the fundamental support for the textile industry to conserve internal momentum and promote high-quality development. China's more than 1.4 billion people have entered a new stage of consumption upgrading, and the spiritual needs based on cultural confidence, aesthetic art, and emotional aspirations will continue to be transformed into personalized, diversified, and fashionable textile and garment consumption power. The textile industry chain will strengthen the forging strengths and make up for the weaknesses, and promote the transformation and upgrading of intelligent transformation, green development, and format innovation, which will help the internal impetus of the development of the industry continue to activate and release. The textile industry has continuously consolidated the foundation of the modern industrial system, and is leading the formation of textile new quality productivity characterized by high-tech, high efficiency and high quality, providing long-term support for the stable and good development of the industry. The state's efforts to implement the stock and increment policies will also provide a strong guarantee for the industry to boost confidence in development, smooth the industrial cycle, and improve the business environment.

The textile industry will fully and deeply implement the spirit of the 20th Party Congress and the second and Third Plenary sessions of the 20th Central Committee and the relevant decisions and deployments of The State Council, take high-quality development as the traction, further comprehensively deepen reform, solidly promote the construction of a modern industrial system, constantly consolidate international competitive advantages, and strive to promote the stable and sound economic operation of the industry. We will make due contributions to achieving the target of steady growth of the national economy.

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