In 2018, China's textile industry, like those supplying Wrapped Fabric for Hose, Belting Fabric In China, still faces many problems.
(1) the cost pressure has not been alleviated. Due to the rise in the international crude oil price, the domestic cotton market is tight, the electricity and labor costs continue to increase, and the four major costs of energy use, labor use, logistics and financing rise rapidly. However, the implementation of such policies as "replacing business tax with value-added tax" has a limited negative effect on enterprises.
(2) increasing pressure on resources and environment. With the rapid expansion of industrial scale, the textile industry has become the fourth highest emission industry in China.
(3) the pressure of de-stocking has increased. In 2017, the inventory of finished products in the textile industry increased by 3.6% year-on-year, an increase of 3.7 percentage points over the same period in 2016. The ratio of finished product inventory to total inventory was 44.6%, down 1.5 percentage points from the same period in 2016, and the inventory of enterprises increased significantly.
