
The continuously upgrading domestic demand market will remain the primary driving force for the textile industry to cultivate endogenous momentum and achieve high-quality development.
Release time:
26 Sep,2024
Looking ahead to the whole year, the textile industry in our country still faces many complexities and uncertainties in the domestic and international macro environment. The economic operation maintains a steady and improving trend but still faces many difficulties and challenges. The international political and economic environment is becoming increasingly complex, with unstable and uncertain factors such as the differentiation of global monetary policies, tightening geopolitical environments, and the rise of trade protectionism all constraining the improvement of international market demand. The global textile supply chain also faces significant tests in maintaining stable and orderly operations. The overall domestic macro economy will continue to show a recovery and improvement trend, but in the short term, issues such as insufficient effective demand and weak market expectations are intertwined with medium- and long-term structural transformation pressures. The pressure to stabilize economic growth and prevent risks still exists, and residents' consumption capacity and confidence still need to be further enhanced.
In an increasingly complex and severe development environment, the super-large-scale and continuously upgrading domestic demand market will still be the primary driving force for the textile industry to cultivate endogenous momentum and achieve high-quality development. Continuous innovation in fiber material technology and steady expansion of application fields will drive the steady improvement of the supply capacity and quality of functional, personalized, and renewable textile and apparel products. The online and offline multi-scenario, integrated consumption model of textile and apparel is constantly being updated, with consumer hotspots such as domestic products, sports health, and low-carbon ecology expanding and extending, which will drive the expansion and upgrading of the industry supply system from the demand side. At the same time, the digitalization, intelligence, high-end, and integration development trends of the textile industry chain and supply chain are becoming increasingly significant. New manufacturing paradigms such as personalized customization and flexible supply chains are accelerating in popularity, providing positive support for textile enterprises to promote technological innovation, business model innovation, and supply chain updates, continuously tapping market potential, stimulating operational vitality, and cultivating new quality productive forces for development. In addition, since the beginning of this year, the national government has coordinated efforts to stabilize growth, promote reforms, and prevent risks, implementing a series of macro-control policies intensively, which will also deeply empower the industry to boost development confidence, promote a virtuous cycle of the industry, and improve the business environment for enterprises, striving to achieve a qualitative effective enhancement and reasonable quantitative growth in industry development.
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