By+shenda

In 2016， in the complex situation of global economic downturn and sluggish market demand， Chinas textile industry achieved steady increase with stable profitability and sustainable improvement of operation quality throughout the year， by virtue of further improving transformation and upgrading as well as positively implementing supplyfront structural reform， while the enterprises still faced the pressure of heavy cost burden.

Steady slowdown in economies of scale. According to the National Bureau of Statistics， the industrial added-value of enterprises above designated size grew by 4.9% year-on-year in 2016， 1.4 percentage points lower than the same period of previous year； main business income reached to 7.33023 trillion yuan， rising by 4.1% year-on-year， with the growth down by 0.9 percentage point over the previous year； total profits amounted to 400.36 billion yuan， increasing by 4.5%， with the growth down by 0.9 percentage point compared with the previous year； completed investment in fixed asset reached 1.28387 trillion yuan， rising by 7.8%， with a plummet down by 7.2 percentage points.

Prominent market pressure. In 2016， the retail sales of clothing， shoes and needle textile above designated size increased by 7% year-onyear， 2.8 percentage points lower than the same period of the previous year； the retail sales of na- tional online dressing goods significantly rose by 18.1%， a fall of 3.3 percentage points over the previous year. Total annual export of textile and apparel reached 270.12 billion dollar， dropping by 7.2%， with the decrease deepening by 2.4 percentage points compared with the previous year.

Stable and good quality and efficiency of industry. In 2016， the sales profits of textile enterprises above designated size was 5.5%， and the total asset turnover was 1.6 times / year， both unchanged from the same period last year； product turnover rate was 21.98 times per year， up 1.2% over the same period of precious year； three fee ratio was 6.1%， down 0.1 percentage point compared with the previous year.

Progress in transformation and upgrading. In 2016， the tech-textile industry realized the growth in industrial added value and total profits by 9.1% and 8.3% respectively， and sale margin was 6.2%， all significantly higher than the industry average， and continuously played the role of new growth point in industrial chain. The garment industry and home textile industry achieved great achievement in improvement of quality and brand building， with annual sales profit margin of 5.8% and 6.2%， better than the whole industry level.

In 2017， under the background of faster recovery of the world economy， the pickup of international market demand will support the export of Chinas textile and apparel； the stable increase of domestic macro-economy provide positive support for the domestic market； the material supply will be expected to be stabilized with the implementation of agricultural supply-front reform， which lays foundation for the stable operation of the industry. With the implementation of the strategy to increase varieties， improve quality and build brand， its expected to realize the operation quality， under the condition to meet the rising of customer demand， grasp the opportunity and improve supply quality and efficiency in the fields of R&D of textile apparel products， retail mode and so on.