In 2017, the development of ∑₩China's textile industry will ←≈present three major ch✔‌aracteristics.

The current Chinese textile indusΩ<★≤try has entered a new n↔Ω>ormal of slowing growth. A ±£₹relevant person in char≈♥₩ge of the China National Textile and A★∑pparel Council analyzed to rep€σ≠≥orters on the 4th, po★✔>↔inting out that the current developmen $t mainly presents three ma‌★©∑jor characteristics: slowing growth  ‍λ↑rate, increasing developmeγ≈♣nt pressure, and urgent trans∏σβformation of driving fo♥₹rces.

In 2014, the Chinese textile inβ dustry experienced some n↓"ew changes, and the overall market envi&÷♥©ronment of the industry was not  δ±ideal. The economic growth of the§∞ industry showed a steady but slowβ←≈ing trend, with the main economi♦☆βπc growth indicators of en≠>≠terprises above designated≥ε↑ size reduced to single-digit growth, l₹≠ ©eading to significant operational press∞α₽ure on enterprises. In addit♦ε∑βion, China's textile an ✘'d apparel imports and exports experσ ienced negative growth ​®in the first month o₹☆δ÷f 2015.

A relevant person in c≥πharge of the China National <₹ΩTextile and Apparel Council anal​☆←yzed that all of the above in∏γdicates that the Chinese textile indu ↔stry has entered a new normal of develoπ‍×↔pment.

Firstly, the growth  ‌ →rate of the Chinese textile industry ₹×αγis slowing down, but there is still↑↔✘¥ progress. The Chinese textileβπ• industry, as a consumer goods indust™±ry, is closely related to ♦§☆the country's macroeconomicσγ ♥ development. As China's economic←  ‍ growth slows down, it ±α$will ultimately affect th☆♠®★e demand growth in the i£"®•ndustry. Under the new normal,₹$ the textile industry has shifted f&§✘rom high-speed growth to med↔≤♣≤ium-speed growth.

Secondly, development pressure is incδ↕γ<reasing, and differentiati ♦on is accelerating. Unde∑>✔★r the new normal, the overall o'✘π♥peration and development pre±∑ssure of the Chinese textile♦​₽¶ industry have increased, aπ↓$nd textile enterprises, rega≈♣$rdless of size, gener§™∑φally feel that survival has bec®αome more difficult. The reasons incluλ★‌de relatively weakened demand gr•←owth, intensified resource and♣∏ environmental constr☆  aints, rising factor costs, acc£∑elerated changes in terminal demand fo✘→♥cused on personalization a∑‍♣§nd differentiation, and some indusδφtries experiencing phase-specific and↔•‍ structural overcapacity, among other  ™ micro-market factors↑←€. The most important reason €‌↕‌is that the original↔♠•< production model is difσ✔ficult to sustain, while new models ©£Ω☆are still in the exploratory formation↔≠ process. Therefore, unde₽☆↔¥r the new normal, the survival of the f≥•£♦ittest among textile Ω↕♦enterprises will intensi✔ fy.

Finally, the urgency of tr ★∞ansformation and the key≈<  to innovation are pressing. Und&‍er the new normal, the co‍φ"‌re of the development of the Chi≈σ↓nese textile industry is to pr•☆αomote transformation  ×' and upgrading, changing the reliλγ÷<ance on investment-dri£Ωven and factor-driven growth t₽​♥o relying on innovation ♠≠↔φin technology, branding, man<γagement, systems, mechanis$ σms, and business models to promote the φ•"≤development of the enφ∑tire industry.

Industry experts emphasize π&★that as a necessity, the market demγδ♥$and for Chinese textiles is still  ‍≤εrigid, and it is exp×σected that the sales growth rate in 2✘βδ015 will likely remain t× he same as last year.