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Downward pressure on the textile machinery industry in 2019 continues
Release date: [2019/12/16]  Read total of [690] times

In 2019, the downward pressure on the textile machinery industry continues, and the export market maintains a slight growth. In the first three quarters of 2019, under the background of the overall global economic slowdown, rising trade environment risks, and continued pressure on the domestic and foreign textile markets, the downward pressure on the development of the textile machinery industry has continued. . Industry companies focus on high-quality development, reduce costs and improve quality, accelerate research and development of new technologies and products, actively explore international markets, and continue to strengthen their confidence to meet various challenges.


The analysis shows that the current global economic growth is slowing down, there are many uncertainties in external instability, domestic cyclical problems and structural contradictions are superimposed, and the downward pressure on China's macroeconomic economy continues to increase. The textile industry's export situation is still not optimistic, the potential of the domestic demand market needs to be tapped, and corporate investment willingness remains cautious. It is expected that the market pressure faced by the textile machinery industry will not decrease, and the performance of the export market will be better than that of the domestic market, and the production and sales will generally slow down. It is worth mentioning that the market for chemical fiber and non-woven machinery remains growing.


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