In 2019, the domestic and international macroeconomic situation facing China's textile industry has become more complicated and severe, and various unstable and uncertain factors have been intertwined, bringing multiple tests for the industry to promote high-quality development. In the first half of the year, under the background of increased internal and external market pressures, the operating indicators of production, sales, efficiency and investment in the textile industry fluctuated. The industry insisted on deepening the structural reform of the supply side and accelerating the transformation and upgrading. The prosperity remained in the expansion range. The economic operation situation is generally normal, which is basically consistent with the macro situation and development expectations.

The overall situation is stable and the production has achieved steady growth.

Since 2019, the textile industry's prosperity has continued to expand. According to the survey data of the China National Textile and Apparel Council, in the first quarter and the first half of the year, the textile industry's prosperity index was 55 and 52 respectively, both above the 50-year-old line, indicating that the industry is still in a growth cycle.

The overall production of the industry achieved steady growth. In the first half of the year, the industrial added value of enterprises above designated size in the textile industry increased by 3.6% year-on-year, which was 0.8 percentage points higher than the same period of the previous year, but slowed by 1.8 percentage points from the first quarter of this year. Among the various links in the industrial chain, the industrial added value of the chemical fiber industry maintained a 13% double-digit growth rate, which was 6.4 percentage points higher than the same period of the previous year; the industrial added value of the industrial textile industry grew more steadily, and the growth rate in the first half of the year was relatively high. It is 7.6%.

The development pressure throughout the year is still outstanding, and the support of the domestic market is prominent.

Looking forward to the whole year, the complexity and uncertainty of the macro-environment at home and abroad facing China's textile industry will not be weakened. In the second half of the year, due to factors such as rising uncertainty in the trading environment and weakening of the US economic growth, the global economy and market demand growth are expected to slow down. Sino-US trade relations are difficult to alleviate completely. The trade war does not rule out the possibility of further upgrading. Although it only involves the export of goods to the US single market, the deterioration of the trade environment will affect the market

confidence, which will make the export situation of the textile industry more severe. It is more difficult to resume positive growth in half a year.

Affected by the international economic and trade situation, China's macroeconomic operation pressure has also improved. Although the economic operation will remain in a reasonable range, the income growth of residents and the boost of consumer confidence are facing a certain degree of restrictive influence. With the external situation becoming more severe, the state will pay more attention to stabilizing consumption and investment demand through policy regulation and promoting the formation of a strong domestic market. At the same time, it will further implement the policy of reducing tax reduction and fee reduction, and better maintain a reasonable and sufficient liquidity. To create a better market space and business environment for the development of the real economy, which is conducive to the formation of a virtuous cycle of corporate profit growth, increased investment confidence and increased consumer demand.

Generally speaking, in the second half of 2019, the external environment faced by the textile industry is more complicated, but China's macroeconomic environment and domestic demand consumer market will still provide important development support for the industry. The textile industry will continue to fully implement the spirit of the 19th National Congress of the Communist Party of China and the Central Economic Work Conference, adhere to the structural reform of the supply side, deepen the potential of domestic demand, vigorously promote high-quality development, further enhance the ability to resist risks and develop resilience, and strive to ensure the operational situation. smooth. At the same time, the textile industry must correctly and fully understand the complexity of the global economy and trade environment and the long-term nature of risk factors, properly prepare for it, promote sustained and healthy development of the industry, and build a well-off society for the development of the national economy and the victory. Goal fulfillment should make a contribution!

Shandong Zhiwei Chemical Fiber Products Co., Ltd. was established in 2003. After several years of hard work, it has developed into a specialized large-scale polypropylene chemical fiber company integrating production and sales. The main products are:

polypropylene fiber, polypropylene fiber, polypropylene. Zhongqiangsi, PP high-strength fiber, high-strength polypropylene yarn, polypropylene rope, safety net, polypropylene engineering fiber, polypropylene mesh fiber, polyester fiber, Zhiwei people warmly welcome new and old customers to visit!