In the first three quarters of 2018， the wool spinning industry was on a downward trend compared with that of the same period last year. The product and export structure was further adjusted and changed， and the development model was continuously transformed and upgraded. To be specific， 1，060 wool spinning enterprises above the designated scale actualized 113.8 billion yuan of the operating income， representing a growth rate of 4.15%， which was 1.69% higher than that of the year before， and realized steady growth. The total profits were 3.94 billion yuan， dropping by 17.9% compared with that of the same period last year， and the actualized profit rate was 3.46%.

In 2018， revolving around the new situations facing the wool textile industry， China Wool Textile Association actively explored about how to provide efficient services for transformation of “technology， fashion and green”. Under the Party leadership， the team construction and business improvement capability was further improved with the focus on leading the sound industrial development， promoting the industrial cluster regulation and upgrade， strengthening the talent educational training， and promoting the international cooperation exchange. For example， in promoting and exploring digitalized， and intelligent manufacturing based on indepth integration between information technology and manufacturing technology， China Wool Textile Association actively organized research and survey of solution plans for intelligent manufacturing systems， including wool textile spinning as well as the“Wool Textile Industrial Intelligent Manufacturing Exchange 2018”. In terms of the fashion-induced industrial upgrade， the Association had explored model innovation by organizing the “National Wool Textile Renowned and Quality Product Recommendation Activity” by 2018. It worked closely with cross-border e-commerce platforms （FDC Fabric Library） to jointly launch the review of the“2018 Red Sun Cup” China Wool Textile Product（Fabric） Classic Award. In terms of striving for green development of the wool textile industry， the experimental sites were simultaneously promoted. In 2018， China Wool Textile Association handled nine green standard projects， of which three have passed the review and are about to publish. In 2019， four will be completed， and in 2020， the remaining two will be finished. In order to “benefit small-and medium-sized enterprises and serve industrial clusters”， the Association kept on holding 2018 China Wool Textile Product Trade Fair. As to promotion of industrial cluster construction， China Wool Textile Association amended the “Temporary Methods for Verification and Management of the Wool Textile Experimental Sites” and improved the verification and evaluation system for the wool textile industrial cluster experimental sites. In terms of international cooperation， the Association headed a delegation to Hong Kong， China for the 87th International Wool Textile Conference held by the International Wool Textile Organization. In terms of improving service quality， the Association conducted a field survey of around 70 key enterprises， finished amendment of the Wool Textile Dyeing and Finishing Manual （3rd Edition） and compiled the Annual Development Report for 2017/2018 and the Achievements of the Wool Textile Industry on the 40th Anniversary of Chinas Reform and Opening-up.