The textile industry is a traditional pillar industry of my country's national economy and an important private production industry. It is also an industry with obvious international competitive advantages in my country. It plays an important role in prospering the market, expanding exports, attracting employment, increasing farmers' income, and promoting urbanization development. . Since 2018, the textile machinery industry has further promoted industrial upgrading, and has made progress to varying degrees in new types of high efficiency, low energy consumption, flexibility, automation, digitization, and intelligence. Technological innovation and structural adjustment have supported the stable growth of the industry. . Since 2019, the overall operation quality and efficiency have been good. In 2019, the industrial added value of enterprises above designated size in my country's textile industry increased by 1.3% year-on-year.

The transfer of the global textile industry to Southeast Asian countries

In recent years, Southeast Asian countries have vigorously promoted economic development, actively attracted foreign investment, and continued to open up to the outside world. Coupled with low labor costs, Southeast Asia has gradually won the favor of the global textile industry capital. Well-known textile companies have followed the trend and set up factories in Southeast Asia. The transfer of the textile industry will drive capital investment in fixed assets for production and increase the demand for the purchase of stenters.

Industrial upgrading of textile industry

With the improvement of living standards, the consumption concept of Chinese residents is changing, and my country's textile industry has also begun to develop towards high-end and branding, and the corresponding demand for mid-to-high-end stenter and setting machines is increasing. The "Textile Industry Development Plan (2016-2020)" issued by the Ministry of Industry and Information Technology pointed out that we should insist on optimizing the structure of the textile industry, accelerate the use of advanced technology to transform and upgrade traditional industries, enhance quality control and brand operation capabilities, and expand the supply of mid-to-high-end products. Compared with general textiles, medium and high-end textile microfiber fabrics have higher requirements on the color and comfort of fabrics, and correspondingly higher requirements on textile machinery.

The development dilemma of the textile industry:

1. The homogenization of low-grade products is serious

At present, the market competition in the textile machinery industry is fierce, the homogeneity of low-end products is serious, and counterfeiting and infringement occur from time to time. Enterprises mainly focusing on low-end products have gradually fallen into vicious competition with price war as the main means, affecting enterprises in the industry. profitability and healthy development.

2. The product is greatly affected by external factors

The impact of domestic and foreign macroeconomic development situations, macro policies, and major events on downstream industries will indirectly cause cyclical impacts on investment and demand in the industry. If the macroeconomic growth continues to slow down in the future and the macroeconomic fluctuates greatly in the future, the economic prosperity may be successively transmitted along the industrial chain, forming the phenomenon of "industry prosperity rotation", which will adversely affect product demand to a certain extent.