INTERNATIONAL BUSINESS PAGES
an area of more than 10000 square
meters in China, with a market operat-
ing area of 76.1861 million square
meters, 1.4219 million shops and
1.1549 million merchants.
The coexistence of opportunities and
challenges has become a long-term is-
sue faced by professional market
people. The professional market should
be stable in changes and actively in-
novate in "Turning Crisis into opportu-
nity". Xu Jianhua, vice president of the
circulation branch of China Textile In-
dustry Federation, said in an exclusive
interview that under the background of
the development of domestic and in-
ternational circulation, China's textile
and garment professional market
should start from the six major direc-
tions of intensification, specialization,
branding, digitization, greening and in-
ternationalization, so as to comprehen-
sively promote the transformation and
upgrading of the textile and clothing
professional market and establish a
new positioning, We should explore new
advantages, optimize new channels
and seek new development.
First, intensive development is a nec-
essary prerequisite for high-quality de-
velopment. Through intensive develop-
ment, the professional market takes
differentiation as the principle to real-
locate the producers, consumers and
channel providers, so as to make them
clear their own positioning, realize the
precise matching between the up-
stream and downstream of the indus-
trial chain, improve the production ef-
ficiency and operational efficiency, and
alleviate the imbalance of the main
structure. Strengthen the core position
of the leading market and realize the
adjustment of regional distribution
through the distribution of the leading
market in the whole country; Through
the exploration and transformation of
the business model of the professional
market, the industrial functions of the
production and the sales market should
be repositioned, the regional docking
and cooperation should be strength-
ened, the imbalance of regional struc-
ture should be removed to achieve the
high-quality development.China: Garment Industry Saw Increasing Trend
in January-July 2021
In July, the economic operation of China’s apparel industry continued its
recovery growth. And the main operating indicators such as production, sales,
investment and efficiency maintained rapid growth. However, affected by the
uncertain pandemic, floods in China, as well as the disappearing low base
effects, the growth rate of various indicators has slowed down significantly.
Meanwhile, corporate profitability is also influenced by intensified market
competition, high factor prices, rising logistics freight, and fluctuations in the
RMB exchange rate. The external situation facing China’s apparel industry is
still not optimistic.
The economic operation of garment industry in January-July is as fol-
lows:
Production
According to the National Bureau of Statistics, from January to July, the
industrial added value of garment enterprises above designated size grew by
10.4%. The growth rate increased by 22.3 percentage points compared with
the same period of last year. The garment production of enterprises above
designated size totaled about 13.21 billion pieces, up by 15.78% year-on-
year.
Domestic Sales
According to the National Bureau of Statistics, from January to July, the
total retail sales of consumer goods amounted to CNY 24.68 trillion, up by
20.7% year-on-year. Thereinto, the retail sales of clothing, foot & head wear
and knitted goods by major retailers above designated size was CNY 553
billion, increased by 33.2% year-on-year. According to the National Bureau
of Statistics, from January to July, China’s online retail sales was more than
CNY 5.81 trillion, growing by 17.6% year-on-year. In the online retail sales of
physical commodities, wearing goods increased by 21.6% year-on-year.
Export
According to the Customs Newsletters, from January to July, China’s gar-
ment and accessories exports totaled over US$ 88.09 billion, up 32.9% year-
on-year.
Investment
According to the National Bureau of Statistics, from January to July, the
actual investment of China’s garment industry increased by 5.2% compared
with the same period of 2020.
Benefit
According to the National Bureau of Statistics, from January to July, the
main business income of garment enterprises above designated size totaled
over CNY 779.94 billion, with year-on-year growth of 11.04%. The growth rate
rebounded by 26.05 percentage points from the same period last year. The
total profits totaled over CNY 33.22 billion, up by 9.81% year-on-year. And
the growth rate picked up by 36.09 percentage points from the same period
last year. While the operating income margin was 4.26%, 0.05 percentage
points lower than the same period in 2020.
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