[Going through 2022] This is a tough year-end summary

Source: China Textile Journal

Dear readers

At the end of the year, looking back to 2022, the textile industry is facing a situation of high cost, weak demand, high inventory and low profit under the influence of slowing global economic growth and sluggish consumer demand. This year, the textile industry chain is experiencing unprecedented pain from upstream fibers and yarns to downstream terminal retail and brands; The cotton price inside and outside this year continued to be deeply inverted. Under the background of energy shortage, the international oil price experienced a roller coaster market, and the shock of bulk commodities brought great challenges to the stability of the entire textile industry chain; But this year, the prosperity of new energy, the rapid development of carbon fiber enterprises, and the continuous commencement of new material projects also gave us hope.

This year, the 20th National Congress of the Party pointed out the direction for us, that is, high-quality development is the primary task of building a socialist modern country in an all-round way. Therefore, we should adhere to the theme of promoting high-quality development, organically combine the implementation of the strategy of expanding domestic demand with the deepening of supply side structural reform, enhance the endogenous power and reliability of the domestic big cycle, improve the quality and level of the international cycle, accelerate the construction of a modern textile system, focus on improving total factor productivity, and focus on improving the resilience and safety of the supply chain of the industrial chain, We will promote effective economic growth in terms of quality and quantity.

Manufacturing industry is the foundation of the real economy. Factories undertaking production tasks constitute important "life cells" of the industry. In 2022, China's manufacturing industry will be "clustered into a chain". Through the industrial agglomeration effect, more effective aggregation and allocation of resources will form a new pattern of financing and development of large, small and medium-sized enterprises, bringing new possibilities to China's manufacturing plants. The development and empowerment of the digital and intelligent supply chain has become the most important driving force for the development and transformation of small and medium-sized manufacturing plants. Through the industrial belt model based on supply chain coordination, the digitalization of product definition, the intellectualization of production and manufacturing, the online inventory management and the precision of driving marketing have been realized, and Chinese manufacturing enterprises have been comprehensively upgraded in terms of cost, efficiency, products, prices and services, with the accelerated release of high-quality production capacity, The value chain of "quality manufacturing by large countries" has gradually taken shape and become an incremental field of the real economy. Among Chinese manufacturing enterprises, the development of textile enterprises plays an irreplaceable role in stabilizing economic development, balancing the balance of payments, creating employment space, promoting the improvement of people's livelihood, and is the ballast of the national economy.

The times call for responsibility, and the mission urges people to forge ahead. We believe that the 2023 Conference will be a year of regaining confidence and growth. The textile industry will continue to work hard with a higher attitude of cohesion and perseverance in the new era and new journey, and strive to write a new chapter of high-quality development, so as to show greater achievements and make greater contributions to building a socialist modern country in an all-round way and promoting the great rejuvenation of the Chinese nation in an all-round way.