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China's textile industry developed steadily in the first quarter
  China's textile industry prosperity index was 57.3 in the first quarter of 2018, the China textile industry federation said Thursday.

  Since the beginning of 2018, the global economic boom has continued to pick up. China's domestic demand market is relatively active, which generally provides a relatively good external environment. China's textile industry basically got off to a stable start in the first quarter.

  In the first quarter, domestic demand for textiles and clothing in China accelerated, and the growth rate of online channel sales increased significantly. At the same time, China's textile and apparel export market has continued to recover. In the first quarter, China's textile and apparel exports totaled 59.18 billion us dollars, up 4.8% year-on-year, and the growth rate was 7.9 percentage points higher than the same period last year.

  In the first quarter, the production situation of China's textile industry remained stable, and the utilization rate of production capacity remained at a good level.

  The China textile industry federation (cntac) reminds us that although the overall external conditions are in place to maintain a stable situation, the development of China's textile industry still faces many unstable factors in 2018. The current international trade environment is uncertain. Textile production factors always exist, environmental regulatory pressure is still prominent.

  The cntac said it will strive to achieve a steady increase in the growth of major operational indicators in 2018, and promote high-quality and stable development of the textile industry.

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