The cotton textile industry is rebounding for the better
Release time:
2023-06-06
Recently, the tracking data of “key enterprises” and “key clusters” released by the China Cotton Textile Industry Association show that in April 2023, macro policies will work together in the forefront, and economic operations will continue to recover for the better. From January to April, the main economic indicators of the cotton textile industry improved compared with January to March.
The cotton textile industry is a key industry for stable employment, stable foreign trade, people's livelihood and stability.Dong Kuiyong, president of the China Cotton Textile Industry Association, said that in the face of heavy pressure this year, the industry has achieved a good start, production and sales have stabilized and rebounded, and positive changes have been shown in many aspects.As the country focuses on expanding domestic demand, prioritizing the recovery and expansion of consumption, and supporting the accumulation of stock policies and incremental policies, the operating situation of China's cotton textile industry is expected to pick up overall.
Industry development is stabilizing and improving
The sales of cotton textile products dominated by foreign trade are greatly affected by the complex and severe global macroeconomic situation. Inflationary pressures, interest rate hike cycles, geopolitical conflicts and other factors continue to affect the global economy, thereby affecting the demand for terminal cotton products.However, a number of economic indicators in the cotton textile industry are gradually improving.
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