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What difficulties will the textile industry face now?

First, there is insufficient demand. From the domestic perspective, the retail sales of apparel, shoes, hats and needle textiles above the designated size in the domestic market from January to February decreased by 31% year-on-year. Since March, a large number of export orders have been delayed or cancelled, and new orders have also been significantly reduced.

Secondly, the pressure on the industry to stabilize employment is increasing. The pressure of order reduction is being transmitted upstream along the industrial chain, which will have an impact on the normal operation of the textile industry industrial chain, and the employment situation of the industry tends to be severe.

The third is that the company reflects the shortage of funds. Affected by the decline in orders and the refund of orders, the inventory backlog of raw materials and finished products of textile enterprises is increasing. Especially in the chemical fiber industry, due to the continuous production cannot be stopped, facing greater inventory pressure, the amount of funds is also increasing.

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