Since 2017, the investment scale of China's textile industry has continued to grow steadily. In the first half of the year, the completed value of fixed asset investment projects in China's textile industry exceeding 5 million yuan (RMB, the same below) increased by 9.1% year-on-year, 2 percentage points higher than the same period last year, showing a gradual upward trend since 2017.

Reporters learned from the China National Textile and Apparel Council on the 11th that in the first half of 2017, faced with a complex environment of high comprehensive costs and intense international competition, China's textile industry still insisted on accelerating its transformation and upgrading, promoting intelligent manufacturing and green manufacturing, and actively cultivating new impetus for industry development.

In the first half of the year, China's textile industry continued its steady and positive development trend, with major production indicators remaining stable. Benefiting from the good performance of China's macroeconomic performance, the recovery of demand has driven the growth of residents' income and the expansion of public expenditure, continuing to support further improvement in residents' consumption of textile products and clothing.

Industry experts pointed out that in the second half of the year, global economic recovery is continuing, China's economic development is steadily advancing, and consumption and import and export are stabilizing and recovering, all of which will drive continued improvement in consumer confidence and moderate growth in domestic and foreign market demand. However, at the same time, the external development environment of China's textile industry is complex and changeable, and the industry's export competitiveness still faces a major test.

It is reported that the Chinese textile industry will continue to adhere to the general principle of steady progress, under the guidance of China's supply-side structural reform and innovation-driven development strategy, continuously consolidating the foundation of steady and positive development. Striving to maintain a slight increase in the added value of the textile industry in 2017 under the condition of relatively stable cotton prices, steady growth in main business income and total profit, and a steady and positive trend in exports, thus achieving the expected goals for the year.