The Chinese textile industry adheres to the general tone of work, striving for stability and progress, actively deepening structural reform in the supply side, vigorously promoting high-quality development, and striving to resolve various external risks. The sector’s total profit increased eight per cent over the previous year, 1.1 percentage points faster year on year. Completion of fixed asset investment in the whole industry increased by five per cent year on year, a slight slowdown of 0.2 percentage points from the previous year.

In 2018, retail sales of clothing, shoes, hats and needles above a designated size increased eight per cent, and the growth rate was 0.2 percentage points higher than that of 2017. Throughout the year, economic operation of the textile industry was normal, generally consistent with external environment and its own development stage. The growth level of main operational indicators was in line with expectations; the business climate was relatively stable; and the characteristics of high-quality development gradually appeared.

China’s export volumes of textiles and garments increased 3.5 percent in 2018. Growth rate increased two per cent over previous year. Revenue of textile enterprises grew 2.9 per cent; growth rate slowed by 1.3 percentage points from the previous year.