Apparel / Textiles & Accessories

According to the observation report of Huacheng import and export data, the China Garment Association released the latest economic operation briefing of China's clothing industry on the 13th: from January to August, the completed investment in fixed assets of China's clothing industry increased by 30.9% year on year, 26.1 percentage points higher than the same period in 2021, 23.3 and 20.9 percentage points higher than the overall level of the textile and manufacturing industries.

The China Garment Association said that since this year, the situation faced by China's garment industry has become more complex and severe. The global epidemic has continued to spread, the risk of economic stagflation has increased, the domestic epidemic has spread frequently, high temperature and extreme weather and other unexpected factors have a greater impact on production and consumption, and the production and operation difficulties such as insufficient market demand and sluggish supply chain of the industrial chain are more prominent. Huacheng Import and Export Data Observation Report.

According to the observation report on the import and export data of Huacheng, supported by a series of national "stable growth" policies and measures, China's domestic clothing market gradually recovered in August, and investment maintained a good growth. However, under the influence of adverse factors such as shrinking foreign demand, epidemic disturbance, high costs and increasing geopolitical risks, production declined slightly, export growth slowed down, and benefit growth continued to be under pressure.

According to the observation report on the import and export data of Huacheng, in August, affected by many domestic epidemics, the accelerated outflow of orders, and the high temperature power rationing in some provinces and cities, the decline in industrial added value of enterprises above designated size in the clothing industry deepened, the negative growth of clothing production for three consecutive months, and the recovery of clothing production slowed down. From January to August, the industrial added value of enterprises above designated size in the clothing industry increased by 2.9% year on year, 0.7 percentage points slower than that from January to July, and 7.0 percentage points slower than that in the same period of 2021.

At the same time, in August, the growth rate of fixed asset investment in China's clothing industry slowed down slightly, but it still maintained a rapid growth, which shows that as governments at all levels increased their support for industrial chain supplement and strengthening investment, enterprises' confidence in high-quality development of the industry has gradually increased, and they have increased investment in automation, digitalization, intelligent technology transformation and upgrading, as well as regional layout adjustment and other fields. The industrial transformation and upgrading have been further promoted, Huacheng Import and Export Data Observation Report.