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NPC deputy Shen Fangyong: The textile industry must adapt to the supply-side reform

"In 2017, China exported 274.51 billion U.S. textiles and garments, accounting for 12.13% of the country's total exports. The net foreign exchange earned by the entire industry was 241.9 billion U.S. dollars, accounting for 57.3% of the country's total." said Shen Fangyong, the deputy chairman of the National People's Congress and chairman of Hubei Tianmen Textile Machinery Co., Ltd. Although the textile industry is a traditional industry, it occupies a very important position in the national economy.

Shen Fangyong suggested that the textile industry should adapt to the supply side reform under the new situation and add new vitality, such as promoting the development of smart manufacturing in the textile industry.

The textile machinery companies must also contribute to the intelligentization of textiles. The intelligentization of the textile industry is inseparable from the foundation of the textile machinery. Therefore, textile machinery companies have a long way to go. Shen Fangyong introduced that the domestic textile enterprises are in smart applications. Obviously, Hubei Tianmen Textile Machinery Co., Ltd., while expanding its overseas markets, is also continuously providing intelligent upgrade services for downstream companies in China.

Although domestic textile companies are basically saturated with machinery demand, our sales will increase by 25% in 2016 and by 18% in 2017. Shen Fangyong explained that this is mainly due to seizing the opportunity of One Belt and One Road and advancing. international market. Today, the market share of Indonesia, Pakistan, Bangladesh, and Uzbekistan is nearly half. In Vietnam and other countries, the market share of Tianmen textile machinery has even reached two-thirds.

Shen Fangyong also suggested that the textile industry be further promoted in the socio-economic field to promote the development of the entire industry.

 
 
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