In 2017, the development of China's textile industry showed a trend of steady progress and good progress.
Production growth has slowed down. In 2017, the industrial added value of textile enterprises above designated size increased by 4.8% year-on-year, and the growth rate was less than 0.1 percentage points in 2016. The export situation stabilized and rebounded. In 2017, China's textile and apparel exports totaled US $ 274.505 billion, an increase of 1.62% year-on-year, an increase of 8.84 percentage points from the same period in 2016.
The domestic demand market grew steadily. 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 in 2016. The national online retail sales of clothing products increased by 20.3% year-on-year, which was 2.2 percentage points faster than the same period in 2016.
The quality and efficiency of operations are stable and improving. In 2017, textile enterprises above designated size achieved a total main business income of 68,935.65 billion yuan, an increase of 4.2% year-on-year, and a growth rate of 0.1 percentage point higher than 2016; total profit reached 376.881 billion yuan, an increase of 6.9% year-on-year, and the growth rate increased by 2.42 compared with 2016 Percentage points. The sales profit rate of enterprises above the designated size was 5.26%, which was 0.13 percentage points higher than the same period in 2016; the total asset turnover rate was 1.5 times/year, and the three-fee ratio was 6.21%, which was the same as the same period in 2016.