By the market demand to improve the weak, complex and volatile international situation and other factors, this year, the textile industry production, investment, efficiency and other major economic indicators running under pressure. National Bureau of Statistics data show that in the first quarter of last year, China's textile industry, apparel industry and chemical fiber industry investment in fixed assets completed respectively to achieve 23.8%, 37.3% and 37% year-on-year rebound growth. In the first five months of last year, the textile industry, apparel industry, chemical fiber industry's fixed asset investment growth rate of 13.1%, 32.7% and 35.3%, the rate of growth is still maintained a double-digit faster growth. In contrast, the overall weak demand in the domestic and foreign markets and the previous year's high base, the investment growth rate this year showed a marked slowdown.

Data released by the National Bureau of Statistics shows that from January to May this year, the national investment in fixed assets (excluding farm households) 188,815 billion yuan, an increase of 4.0%. However, in the secondary industry, the completion of fixed asset investment in the textile industry fell by 3.6% year-on-year, the garment industry fell by 4.2% year-on-year, and the chemical fiber industry fell by 5.6% year-on-year.

Nevertheless, many textile enterprises are still increasing investment in the central and western regions. Some places in the investment and undertake the transfer of the textile industry to accelerate the construction of industrial clusters, to attract high-level investment projects, do a good job in the textile industry to strengthen the chain, make up the chain.

Guangzhou Zhijing Information Technology Co., Ltd. with an annual output of 200,000 tons of knitted blank intelligent weaving industrial park project recently landed in Jingzhou City, Hubei Province, Cenhe Town. This is the company following the implementation of the national industrial layout in the central and western regions, the layout of a major important project in central China. The project is built in cooperation with Hubei Shashi city government, aiming to make up the key links in the upstream of the industrial chain, and create the most large-scale production base for fabrics and accessories in central China. After the completion of the project, the annual output value is expected to reach 6 billion yuan, with a comprehensive tax of about 100 million yuan, providing 700 jobs.

Based in China Shaoxing Textile City, Crown South Group has also signed a contract with Jingzhou Economic Development Zone, will invest 10.8 billion yuan in Jingzhou to build a complete infrastructure, intensive and efficient modular textile printing and dyeing and ancillary industrial base. Cai Shaoxiong, chairman of the Crown South Group, said that it is necessary to jointly promote the high-quality development of textile and clothing with Jingzhou.  

Tianmen City, Hubei Province, in order to accelerate the development of textile and garment e-commerce industry, the construction of China's garment e-commerce industry demonstration base, the first quarter of this year to Guangzhou for investment promotion. Light Textile Intelligent Intelligent Manufacturing Industry City, White Horse Original Clothing Production E-commerce Industry Base, Champs Yichen apparel production, Weirmei apparel production and other 31 textile and apparel projects on-site signing of the total planned investment of 6.336 billion yuan. Among them, the light textile intelligent intelligent manufacturing industry city project will create Tianmen City, the first set of light textile clothing, sewing equipment, intelligent manufacturing in one of the industrial complex, to further improve the Tianmen City clothing industry chain, boosting industrial upgrading.

On May 23, Li Ning Limited announced that the company previously announced on November 8, 2019 to invest 1.5 billion yuan to acquire the land use right of a parcel of land in Guangxi and to build a supply chain base, and now, due to the creation of a high-end intelligent manufacturing and flexible supply chain base as well as a high-level research and development and experience center, to meet the needs of the future development, the company has decided to increase the amount of investment from 1.5 billion yuan to 3.3 billion yuan.

According to the investment agreement, Li-Ning acquired the above land for industrial land, a total area of 590 mu, the company promised that the project will be implemented and put into production within 5 years after the signing of the investment agreement, and the project will generate annual revenue of not less than 3.5 million yuan / mu, the annual tax payable will not be less than 200,000 yuan / mu.

In recent years, under the outbreak of production capacity in the Midwest, downstream weaving enterprises have borne the brunt, and the textile industry has undergone radical changes.

The market is a buyer's market, and purchasing power determines the market demand. And this year by the international situation, the overall domestic economic downturn, people's purchasing power for clothing decline. Purchasing power declined, the demand is also less, ultimately affecting the downstream weaving industry. Textile industry boom is not good, but the rise of overcapacity by the Midwest has been the current market norm.

On the one hand, there is an oversupply of orders, and on the other hand, there is an oversupply of capacity. Textile market "ice and fire" behind the phenomenon, what kind of market information?

"'What the market lacks, what enterprises do' reasoning who all understand, but in reality, the enterprise production adjustment also requires a lot of investment. If enterprises blindly follow the trend, a rush, it is likely that there will be a new round of product surplus." From practical experience, if enterprises follow the market winds and go with the flow, it is often easy to increase the market risk, especially do not do product characteristics, quality of the enterprise, the possibility of failure will increase.

In recent years, the textile market has undergone profound changes, rising costs, downward pressure on prices and tightening orders.2023 Since then, the competition in the textile market has been further white-hot. For many enterprises, a difficult challenge, but the recovery will remain the main theme of the market in the second half of this year. Since the second quarter, textile enterprises generally feedback domestic and foreign market orders are insufficient problems, in the context of loose supply, market competition intensified, finished goods prices raise difficulties, cash flow deterioration phenomenon is more obvious. The current market off-season features significant, product shipments have slowed down, some areas of the loom start load slightly downward, cotton textile finished goods inventory accelerated accumulation, enterprises generally reduce the market expectations.

With China's industrial transformation and upgrading, the eastern part of the transfer of enterprises settled in the west, the western provinces and regions, is no more than usual economic phenomenon. More and more signs that in recent years, a large number of textile and garment enterprises began to move to the central and western regions. The General Office of the Ministry of Industry and Information Technology, the General Office of the Ministry of Commerce recently issued a notice on the 2023 textile and apparel supply and upgrading activities. Which mentioned, support the central and western regions to actively undertake industrial transfer, promote the eastern region to accelerate the quality and upgrading of industry, strengthen the provincial and inter-provincial industrial cooperation, optimize the industrial layout, to create a world-class advanced manufacturing clusters.