January 22, China Textile Industry Federation held in Beijing in 2017 work summary meeting. The conference revealed that after entering 2017, the growth rate of China's textile industry will gradually stabilize, reaching 4.8% for the whole year of 2017, basically shifting from shift period to smoothing period.

The data show that in the first 11 months of 2017, the overall operation of China's textile industry showed steady growth of domestic demand, the recovery of foreign markets, the positive investment in the east and the steady improvement of quality and efficiency. In the various branches of textile industry, the growth of home textile, clothing and chemical fiber industries increased sharply, with the growth rates reaching 9.3%, 6.0% and 5.4% respectively.

In 2017, the retail sales of apparel shoes, hats and knitwear amounted to RMB145.57 billion, an increase of 7.8% over the same period of last year, an increase of 0.8 percentage points from the previous year and the first increase in seven years. China's textile and garment exports 2669.5 billion US dollars, an increase of 1.53%, reversing the negative growth for two consecutive years, the external demand market rebound significantly.

According to the China Textile Industry Federation Institute of Industrial Economics predicts that by 2018, China's textile industry will maintain the growth rate of 5% of value added, export growth remained at 2%, main business revenue growth of 7%, the total profit growth 7%. In the international market demand, will show steady growth, but the growth rate will not significantly increase. In terms of domestic demand, domestic consumption will grow steadily, a growth rate almost equal to 2017. However, the characteristic of domestic demand upgrading is remarkable. The demand for quality, culture and environmental protection from consumers is increasing, posing new challenges to the optimization of supply structure in the textile industry.