In 2021, the overall prosperity of the textile industry keeps expanding, and the capacity utilization rate increases quarter by quarter .

In 2021, the overall prosperity of the textile industry keeps expanding, and the capacity utilization rate increases quarter by quarter .

Summary

In 2021, the overall prosperity of the textile industry keeps expanding, and the capacity utilization rate increases quarter by quarter .With the gradual recovery of domestic and foreign market demand, as well as the significant effect of large-scale national tax and fee reduction policies and measures, the economic benefits of textile enterprises, after experiencing a sharp decline in the beginning of 2020, will show a trend of steady repair and quarterly improvement in 2021.

According to the National Bureau of Statistics, the capacity utilization rate of the textile industry in 2020 was 73.1%, up 0.7 percentage points compared with the first three quarters, but down 5.3 percentage points compared with 2019.On a quarterly basis, the capacity utilization rate of the textile industry dropped to 67.2% in the first quarter of 2020 due to the epidemic, and then gradually rose to 78.3% in the first quarter of 2021.  

With the gradual recovery of domestic and foreign market demand, as well as the significant effect of large-scale national tax and fee reduction policies and measures, the economic benefits of textile enterprises, after experiencing a sharp decline in the beginning of 2020, will show a trend of steady repair and quarterly improvement in 2021.