In 2017, my country’s textile industry persisted in deepening supply-side structural reforms and worked hard to resolve various external risks. In general, it maintained a steady progress and improved quality. All economic operation indicators achieved positive growth. Some indicators The growth rate has accelerated compared with the same period last year, the operation quality and efficiency have steadily improved, and the transformation and upgrading effects have gradually appeared.

The production growth rate of the textile industry has slowed down, but sales in both domestic and foreign markets have picked up, indicating that the industry's production capacity and supply structure are continuously optimizing and adjusting. According to the National Bureau of Statistics, the industrial added value of textile enterprises above designated size in 2017 increased by 4.8% year-on-year, which was 0.1 percentage point lower than the growth rate of the same period in 2016. The export of the industry is showing a trend of stabilization and recovery. According to customs data, the total textile and apparel exports in 2017 reached 274.51 billion U.S. dollars, an increase of 1.6% year-on-year and an increase of 8.8 percentage points from the same period last year. The domestic demand market continues to grow steadily, and online consumption is still growing rapidly. In 2017, the national retail sales of clothing, shoes, hats, needles and textiles above designated size increased by 7.8% year-on-year, and the growth rate increased by 0.8 percentage points from the same period last year. An increase of 20.3%, 2.2 percentage points faster than the same period last year.

The operation quality and efficiency of the textile industry is basically good, and the investment in transformation and upgrading continues to increase. In 2017, textile enterprises above designated size realized a total of 689.356 billion yuan in main business income, an increase of 4.2% year-on-year, and a growth rate of 0.1% higher than the previous year; a total profit of 376.88 billion yuan, an increase of 6.9% year-on-year, the growth rate was higher than the previous year 2.4 percentage points. The sales profit rate of enterprises above designated size was 5.5%, 0.2% higher than the same period of the previous year; the turnover rate of finished products was 20.8 times/year, and the total asset turnover rate was 1.5 times/year, which was basically the same as the same period of the previous year; It was 6.5%, slightly higher than 0.1% in the same period last year. Under the conditions of stable operation and good quality and efficiency, the investment confidence of textile enterprises is generally stable. In 2017, the fixed asset investment of projects above 5 million yuan in the industry reached 135.73 billion yuan, an increase of 5.2% year-on-year. Among them, investment in the eastern region increased by 7.9% year-on-year, 2.4 percentage points faster than the same period last year, accounting for 87.2% of the national investment increase. Because the eastern region has less new capacity, the rapid investment growth indicates that enterprises are more enthusiastic about transformation and upgrading.

In 2018, the textile industry is expected to continue to maintain a momentum of stable development, and the economic growth rate is expected to be basically the same as in 2017. Internationally, the global economy is showing signs of continued recovery. The economic growth rate may be slightly faster than in 2017. Consumer confidence will increase as the economy improves. Stable commodity prices will also help production recovery. It is expected that the export situation of the textile industry is expected to be better. Further improvement in 2017. On the domestic front, the national economy will continue to maintain a steady growth trend and provide a healthy and sound economic environment for domestic consumption; the continuous promotion of the "three-product strategy" will promote the acceleration of textile enterprises to adjust and upgrade, continuously enrich product varieties, improve quality, and increase brand added value. Provide more choices for domestic consumption of textiles and clothing, and better tap the potential of domestic demand.

At the same time, there are still many uncertain factors facing the development of the textile industry, and various risk issues still require greater attention and response. The pressure of high costs has not been alleviated. The prices of domestic electricity, labor and other factors are still significantly higher than those in Vietnam and other countries. The problem of financing difficulties and expensive financing has not been effectively solved for a long time. The "VAT reform" has limited impact on the tax burden reduction of textile enterprises. Competition in the international market has become more fierce. In 2017, my country's textile industry's share in the traditional market is still losing. From January to November, the share of the three major textile and apparel import markets in the United States, Japan and Europe fell by 0.4 and 0.9 respectively from the same period last year. And 0.9 percentage points, this trend may continue in 2018. Domestic environmental protection supervision measures have become more stringent, and textile companies have a heavy burden on environmental protection investment. Some areas only use suspension of production as a single monitoring method. The production and investment activities of enterprises are restricted, which has become a bottleneck for the stable development of the textile industry.

In 2018, the textile industry will follow the overall work tone of seeking progress while maintaining stability, further deepen the supply-side structural reform, accelerate transformation and upgrading, actively resolve various risk contradictions, and strive to ensure that the industry is basically stable and the quality of development is steadily improved. Make due contributions to the sustained and healthy development of the economy and society.