In recent years, the state and related departments have introduced a series of policies and regulations to support the development of the textile industry. The implementation of various industrial policies has laid a good policy environment for the development of the industry, providing clear guidance on the development goals of the industry, growth rate, industry norms, key development directions and technical means and key downstream application areas, which is conducive to promoting the overall healthy and rapid development of the industry.

The demand of epidemic prevention materials pulls the industry development

In 2020, affected by the new crown pneumonia epidemic, China's textile enterprises industrial added value fell. 2020 China's above-scale textile enterprises industrial added value fell 2.6% year-on-year. Among them, the textile industry industrial added value increased by 0.7% year-on-year; chemical fiber manufacturing industry added value increased by 2.2% year-on-year; textile clothing, apparel industry industrial added value decreased by 9.0% year-on-year. Driven by the demand for anti-epidemic materials, industrial added value of industrial textile enterprises above the scale in 2020 increased by 54.1% year-on-year, and the production of non-woven fabrics increased by 15.8% year-on-year.

The economic benefits of the textile industry gradually rebounded

The operating income of China's textile industry showed a declining trend in 2017-2019, and the data show that the operating income of the national textile industry reached 2,277.84 billion yuan in 2020, down 6.7% year-on-year. With the gradual rebound in the internal and external market demand, as well as the country's large-scale tax cuts and fee reductions and other policy measures to help enterprises to alleviate their difficulties, the economic efficiency of textile enterprises after experiencing a sharp decline at the beginning of the year, showing a steady repair, quarter by quarter improvement. 2020 total profit of the national textile industry 110.54 billion yuan, an increase of 7.9% year-on-year.

Textile industry development prospects

1, national strategies and favorable policies

In September 2016, the Ministry of Industry and Information Technology issued the "Textile Industry Development Plan (2016-2020)", proposing that, during the "13th Five-Year Plan" period, the average annual growth rate of industrial added value of textile enterprises above the scale will be maintained at 6%-7%; the global market share of textile and garment exports will remain basically stable. Textile industry growth from the scale of speed to quality and efficiency of the change.

2, the expansion of domestic demand and the upgrading of consumption

The expansion of domestic demand and consumption upgrade will be the biggest driving force for the development of China's textile industry, urban and rural residents income growth, new urbanization construction and the full implementation of the two-child policy and other development dividends and reform dividends overlap, will promote the growth of textile consumption.

3、A new round of technological revolution

Information technology in the textile industry design, production, marketing, logistics and other aspects of in-depth application, will promote the production model to flexibility, intelligence, refinement, from the traditional production and manufacturing to service-oriented manufacturing transformation. Textile industry and information technology, the Internet depth of integration provides a broad space for innovation and development.