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The strong resilience of China's textile industry

The strong resilience of China's textile industry

2020-12-18

The new crown epidemic swept the world, the world's economy, trade pattern has had a major impact, disrupting the pace of China's textile and garment imports and exports. The first quarter mainly encountered domestic shutdown, personnel isolation and logistics is not good. The second quarter is continued to face the cancellation of orders, reduce the risk of production and exports once showed a sharp decline, over the years into a stable and solid textile and garment industry chain, the supply chain has been severely tested. With the help of a series of stable foreign trade policies and measures in the country, since the second quarter, the vitality of the domestic market has been stimulated, business confidence has gradually recovered, the national trade in goods has leveled off, imports and exports in June stopped falling and rose, achieving the first growth of the year, mainly driven by textile-type epidemic prevention materials, the cumulative export of epidemic prevention materials in the first half of the year reached 38.7 billion U.S. dollars, accounting for 30.4% of total exports. In just a few months, China's textile industry can quickly adjust production strategy, to achieve upstream and downstream support, production, transfer of a large number of epidemic prevention materials, to meet global concentration, a large number of demand, once again confirmed the advantages of China's textile and garment industry production and supply.


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