On July 15, 2024, the 2024 Annual meeting of the China Chemical Fiber Industry Association Nylon Branch was held in Fuzhou, Fujian Province. Chen Xinwei, president of the China Chemical Fiber Industry Association, former Inspector of the National Development and Reform Commission Industry Coordination Department, former Vice president of the China Chemical Fiber Industry Association He Yanli, Vice president of Hengshen Holding Group Co., LTD., Mei Zhen, president of the China Chemical Fiber Industry Association, and representatives from domestic nylon, masterbatch, oil additives, equipment and other industrial chain upstream and downstream enterprises attended the meeting. The meeting was chaired by Deng Jun, Secretary General of the nylon branch of China Chemical Fiber Industry Association.

Experts and guests from industry associations and nylon industry clusters introduced the operation of the textile chemical fiber industry, investment promotion and new energy status related to green development.

China textile industry economic operation and domestic and foreign market environment analysis

Zhang Qian, deputy director of the Industrial Economic Research Institute of China Textile Industry Federation, said that China's textile industry is operating in a period of steady quantity and quality. Since 2024, China's textile industry has reached the bottom of the repair trend, and domestic sales of the textile industry have grown steadily, such as basic, sports, outdoor, and sunscreen products. Exports recovered slowly from a low base, and the ASEAN market supported the export growth of the textile industry. The capacity utilization rate increased and the production growth rate accelerated. From January to May, the output of chemical fiber increased by 15%, and the output of nylon increased by 9%. The overall performance of quality and efficiency has improved, in addition to cotton spinning, the upstream profit growth rate of the industrial chain is faster, and the profit of the nylon industry has increased by 72% year-on-year. Although investment confidence in the textile industry has recovered, textile enterprises still feel the pressure of operation. She said that in the context of weak global economic growth, the digital economy and the green economy will empower the industry to cultivate new quality productivity, and enterprises should seek opportunities for structural improvement in the domestic market.

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