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The economic work conference held not long ago proposed to promote the formation of a strong domestic market as one of the key economic tasks, which means that in the future, more emphasis will be placed on and increasing the contribution rate of domestic demand to economic growth.

At present, about 80% of the sales revenue of the textile industry chain is realized in the domestic market. The textile industry must further clarify the important support and fundamental role of the domestic market, and take the domestic market as the foothold for the development of the industry.

All along, the textile industry has obvious advantages in competition and development, and it occupies a leading position in the textile industry. It is not only a country with a large production scale, but also a country with a relatively complete industrial chain and complete categories. Jiang Hui, president of the Chamber of Commerce for Import and Export of Textiles, said that China’s status as a major textile exporter in the world could not be subverted within ten years.

But even so, meeting the domestic market demand is still the main driving force for the development of China's textile industry. According to the data disclosed by the Textile Industry Federation, from 2011 to 2017, the annual average growth rate of retail sales of clothing, shoes, hats and needles above designated size reached 13.8%, while the total export volume of textiles and clothing increased by only 3.8% annually. Among them, in 2018, the domestic market of textiles and apparels showed a steady growth trend, and the growth rate was better than that of the previous two years, supporting the overall smooth operation of the textile industry.

Gao Yong said that a strong market is not only the foundation for stabilizing the development of the textile economy and the expansion of the opening up of the outside world. It is also conducive to promoting the textile industry to participate more effectively in the docking and guiding domestic consumption upgrades, and to demonstrate the drive to innovation in the process of implementing high-quality development. The intrinsic power of technology, fashion and green industry transformation has enabled the people to have more sense of well-being and happiness in the field of textile and apparel consumption.

“Consumer, investment, and export troika, the contribution rate of consumption is relatively large.” According to Guo Chunli, deputy director of the Economic Research Institute of the National Development and Reform Commission, in the first three quarters of 2018, the contribution rate of consumption to economic growth was 78%, and the investment was 31.8. %, net export is -9.8%. From the perspective of actual contribution rate, since 2011, the contribution rate of consumption has been higher than the contribution rate of investment.

"China's consumer demand has great potential. Under the premise that the external market is not optimistic, we must promote the formation of a strong domestic market." Guo Chunli said that China is still in the stage of rapid development of industrialization and urbanization, and the rapid growth of medium and high-end demand has promoted the formation of a strong domestic market. It is necessary to improve the quality of products, improve the consumption environment, and let the people eat with confidence, wear them, and use them comfortably.

In 2018, GDP and income growth showed a slowing trend. Export pressures were high. The growth rate of consumer spending was slowing down. The growth rate of retail sales of social consumer goods continued to fall. The market economy environment shifted from quantitative development mode to high-quality development mode.

"At present, there are serious shortages of low-end goods in the textile and garment industry, and the high-end market is occupied by well-known brands." Wang Yao said that the industry should continue to implement the strategy of increasing varieties, improving quality and creating a brand of "three products."

Wang Yuanhong, deputy director of the Economic Forecasting Department of the Information Center, said that the strong domestic market faces multiple challenges such as insufficient endogenous power in the development of the real economy, weak core technologies and innovative capabilities, and the need to improve the institutional mechanisms for innovation and development. In the new year, the structural reform of the supply side should work hard to consolidate, enhance, enhance and smooth up, and truly promote the reform and realize the rebirth of the economy.

"The core of the strong domestic market is to deepen supply-side structural reforms, improve supply quality and efficiency, thereby improve the industry's adaptability to the new market situation, better meet the needs of the expanding and upgrading domestic market, actively guide market consumption, and innovate. Inspire market potential and actively create new space for the market.” Gao Yong said that in the new year, we must rely on science and technology as the support and green as the guide to improve the quality of output and supply, continuously improve the level of advanced manufacturing, and enhance the development capability of textile and apparel products.

Guangdong Mengtai High-tech Fiber Co., Ltd. is a professional manufacturer engaged in the research, development, production and sales of PP fiber. It has established more than 70 PP FDY production lines, 8 POY production lines, 2 DTY production lines and other production and research equipment. It produces more than 30,000 tons of PP filaments with different specifications and functions.

With reliable product quality and good after-sales service, Guangdong Mengtai High-tech Fiber Co., Ltd. sells well in various provinces and exports to Asia, Europe, America, Middle East, Oceania and South America.