资讯 1 10 英文网 286 Policy 593134 What is national meeting telling about textile industry? 2020-05-28 15:41:51 yangfang
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What is national meeting telling about textile industry?
2020-05-28

In case of the major epidemic sweeping the world, the National People’s Congress and the Chinese People’s Political Consultative Conference (NPC)in 2020 are held as scheduled. Under the special environment, the topics of the two sessions this year have attracted great attention, and the most concerned topic in the cotton textile and clothing industry is undoubtedly consumption. The government work report for 2020 pointed out that we need to implement the strategy of expanding domestic demand and accelerating the transformation of economic development pattern. Compared with the “stabilizing domestic effective demand” in the government work report for 2019, “implementing the strategy of expanding domestic demand” in 2020 highlights the importance and urgency to boosting domestic demand, and also points out the direction for the cotton textile and clothing industry that is caught in the “consumption dilemma”.   

  

“Ensuring six priorities” provides foundation for stabilizing consumption. Due to the great uncertainties of global epidemic and economic and trade, the government work report this year has not mentioned a specific target for economic growth, and great efforts are required to make in the “stability in six areas” to ensure security in job, basic living needs, operations of market entities, food and energy security, stable industrial and supply chains, and the normal functioning of primary-level governments. “Six priorities” is the most important safety expectation for the market. Only with secure guarantee expectation can it provide the fundamental driving force for expanding consumption and lay the foundation for maintaining steady consumption.  

 

Multiple measures have been taken to promote consumption. The government work report lays out the specific measures to promote the recovery of consumption, mentions “increasing income and ensuring people’s well-being by stabilizing employment, so as to improve people’s willingness and ability of consumption. Supporting the recovery and development of living service industry such as catering, shopping malls, culture, tourism and household services, and promoting the integration of online and offline services.” “Upgrading pedestrian streets, supporting the entry of e-commerce and express delivery to rural areas and expanding rural consumption. Multiple measures should be taken to expand consumption to adapt people’s diverse demand.” A series of relevant measures to expand domestic demand need to be taken to give prominence to the people's livelihood, which are undoubtedly good for the recovery of textile and garment consumption. The market has shown a positive sign in May. During the “May Day” holiday, among the key retail enterprises monitored by the Ministry of Commerce, the average daily sales of clothing increased by 31.2% compared with the Qingming holiday. It is likely that the consumption will gradually improve in the second half of the year.  

 

Stable prices promote the steady growth of consumption. The government work report points out, this year’s consumer price index has risen by 3.5%. According to the data released by the National Bureau of Statistics, in the first four months of this year, the consumer price index (CPI) rose by 4.5%, while the consumer price index (CPI) for clothing rose by only 0.2%. Controlling inflation is closely related to consumption. The relatively small increase in clothing prices provides more room for expanding consumption. 

 

Following the trend of increasing consumer consumption. The government work report points out “Adhering to the new development idea, adhering to the supply-side structural reform as the main line and adhering to the reform and opening up as the driving force to promote high-quality development.” Ning Jizhe, deputy head of the National Development and Reform Commission, said that we need vigorously promote the optimization and upgrading of commodity consumption. In terms of clothing, we should not only dress warmly, but dress properly and decently. In line with the trend of upgrading consumer spending, we should strengthen the construction of brand, quality, standard and quality of goods, force textile and garment enterprises to innovate their ideas, advance the supply-side structural reform of the industry, and strive for high-quality development.  

  

This year is the last year for building a moderately prosperous society in all respects and completing the 13th five-year plan. The two sessions are the vane of the future development of cotton textile and clothing. Huge domestic consumption has become an important engine to drive China’s economic development. This year, more and more textile and clothing enterprises have shifted their major markets to China. For the next step, how to better develop domestic demand market and form more orderly market competition environment will become a topic that needs common thinking of the majority of enterprises in the industry.