Since 2024, 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, accelerated the construction of a modern industrial system, and worked hard to overcome the difficulties and challenges brought about by the significant rise in the complexity and uncertainty of the external environment and the continuous deepening of domestic structural adjustment. With the gradual recovery of domestic and foreign market demand, supported by the obvious effect of national macro policies, the economic operation of the textile industry from January to June was generally stable, and the main economic operation indicators improved significantly compared with the same period last year. Looking forward to the whole year, the development situation facing the textile industry is still complex and severe, and the industry still needs to continue to promote high-quality development, actively respond to risks and tests, and strive to achieve a recovery in economic operation.

The domestic market grew steadily and the export situation was better than expected

Since the beginning of this year, China's residents' income and consumer confidence have gradually stabilized, the "big health" and "national tide" and other consumption hotspots have remained active, and the effect of the national consumption policy has actively appeared, driving the domestic sales of textiles and clothing to continue to grow steadily. According to the National Bureau of Statistics, in the first half of this year, the per capita clothing consumption expenditure of national residents increased by 8.1% year-on-year, 2.7 percentage points higher than the same period last year; From January to June, the retail sales of clothing, shoes and hats and textile products above quota in China increased by 1.3% year-on-year. New formats and models such as live streaming and social e-commerce have injected vitality into the steady growth of online textile and apparel retail channels, and the national online retail sales of wear goods increased by 7% from January to June.

Driven by the steady growth of demand in some overseas markets and a small amount of replenishment of inventory by international brands, the overall export situation of China's textile and apparel is better than expected, and the competitiveness of the textile industry chain continues to be released. According to Chinese customs data, from January to June, China's textile and apparel exports totaled 143.18 billion US dollars, an increase of 1.5% year-on-year. Among them, textile exports amounted to 69.35 billion US dollars, an increase of 3.3%; Apparel exports amounted to $73.83 billion, unchanged from a year earlier. China's textile and apparel exports to the main market continued to repair the overall trend, from January to June to the United States, the United Kingdom, Vietnam, Bangladesh, Kazakhstan and other major trading partners exports have achieved positive growth.

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