Dong Kuiyong, President of China Cotton Textile Industry Association: Expand cotton consumption and promote high-quality development of the cotton textile industry

At the recently held 2023 National Textile and Apparel “Excellent Supply to Promote Upgrading” event, Dong Kuiyong, President of the ChinaCotton Textile Industry Association, pointed out that expanding cotton consumption will It is an important starting point for the cotton textile industry and an important manifestation of the industry’s achievement of highquality development.

Dong Kuiyong said that the report of the 20th National Congress of the Communist Party of China pointed out the direction for my country’s cotton textile industry to build a modern industrial system and achieve high-quality development. The Central Economic Work Conference made an overall deployment of economic work in 2023 and placed “focusing on expanding domestic demand” as the top priority in economic work. Judging from the Party Central Committee’s decisions and arrangements for economic and social development at present and in the future, developing the domestic demand market will be an important engine and key to my country’s economic work in the future.

Dong Kuiyong introduced that in 2023, the cotton textile industry will face heavy pressures and achieved a good start in the first quarter. Production and sales have stabilized and rebounded, showing positive changes in many aspects. Since the beginning of the year, cotton prices have dropped significantly compared with the same period last year. Cotton price risks have been fully released, cost advantages have been significantly restored, and companies have increased the proportion of cotton usage. Data for the first quarter show that cotton procurement increased by 22.76% year-on-year, consumption increased by 8.12% year-on-year, and corporate confidence in cotton use has recovered significantly; retail sales of clothing, shoes and hats, and knitted textiles above designated size increased by 9% year-on-year, and terminal demand continues to increase.

Dong Kuiyong said that the next step will be to focus on promoting five aspects of work to expand cotton consumption.

First, guide enterprises to make good use of relevant policies. The Central Economic Work Conference proposed to strengthen coordination and cooperation of various policies to form a joint force to jointly promote high-quality development. Enterprises must carefully study and use relevant policies well, effectively, fully, and practically, and fully enjoy the policy dividends in terms of enterprise development, technological innovation, green manufacturing, raw material security, and brand cultivation. For example, the “Notice on Improving the Implementation Measures of CottonTarget Price Policy” published by the state states that the target price level of cotton from 2023 to 2025 is 18,600 yuan per ton, and the target price for Xinjiang cotton is 18,600 yuan per ton. A fixed output of 5.1 million tons will be subsidized, quality subsidies will be implemented on a larger scale, quality subsidy standards will be reasonably determined, and “high quality and superior subsidies” will be used to guide the production of high-quality cotton. The new round of cotton target price policies will continue to play a macro role in stabilizing cotton production and promoting quality improvement, providing a strong guarantee for cotton demand in the cotton textile industry.

The second is to guide the industry to promote the expansion of domestic consumption of cotton products from the supply side. When deploying key economic tasks for 2023, the Central Economic Work Conference and the “Government Work Report” both clearly required “prioritizing the recovery and expansion of consumption.” In 2023, the cotton textile industry will continue to play a fundamental and supporting role by stabilizing scale, creatingnew products, ensuring quality, and improving efficiency, and promote the formation of consumer-driven growth. , a benign supply chain ecology driven by raw materials and coordinated by the manufacturing end, to create a high-efficiency, high-quality, and high-responsibility cotton textiles and apparel supply system, maintain the resilience and stability of the supply system, and form synergy with stakeholders to stimulate consumer sentiment Buying energy for quality cotton products.

The third is to guide the industry to give full play to the advantages of the entire industry chain and stabilize international market share. The Central Economic Work Conference pointed out that it is necessary to enhance the status and competitiveness of traditional industries in the global industrial division of labor. my country has joined the Regional Comprehensive Economic Partnership (RCEP) and is currently applying to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The cotton textile industry will make full use of the conditions created by RCEP and other economic and trade agreements to increase development Countries along the “Belt and Road” and emerging markets such as ASEAN, Africa, and Latin America. On the basis of establishing overseas processing bases, powerful enterprises can appropriately develop transnational industrial chains, carry out efficient transnational resource allocation, carry out scientific and orderly global industrial layout, and transform my country’s cotton textile market scale and production system advantages into Participate in new advantages in international cooperation and competition, and accelerate integration into the new development pattern of domestic and international dual cycles that promote each other.

The fourth is to guide the industry to improve total factor productivity. Improving total factor productivity is the source of power for the high-quality development of the cotton textile industry and the key to expanding cotton demand. As a traditional advantageous industry, the cotton textile industry is shifting from high-speed development to high-quality development. It needs to focus on improving total factor productivity, adhere to self-reliance and self-reliance through science and technology, be driven by talent, and strengthen the foundation. Invest more in scientific research, win the battle against key core technologies, and increase the transformation of scientific research results.

The fifth is to guide the industry to deeply implement the “three products” strategy of the consumer goods industry and improve the supply capacity and level of cotton textile products. The cotton textile industry will continue to implement the “three products” strategy of the consumer goods industry through technological innovation, green development, and fashion leadership, lead and create demand with high-quality supply, and promote cotton textile products Upgrade and consumption upgrade. On the one hand, enterprises are guided to fully study the characteristics of the domestic demand market and closely follow the end consumer demand.Cost trends, relying on “intelligent manufacturing+ product innovation”, with Chinese yarnfashion trends, Chinese denim fabrics Guided by fashion trends, we will strengthen the integration and interaction between the industry and the consumer, refine consumption scenarios, innovate categories and varieties, and tap market potential. On the other hand, we should optimize the integration and application of non-cotton fibers and cotton fibers, explore the processing technology of multi-component yarn fabrics, and make sufficient efforts in product functionality and differentiation to better meet diversified, multi-level and multi-faceted consumption. need. Adhere to the “chain” thinking and the concept of symbiosis and co-prosperity ecosystem, and build a high-quality cotton textile processing and manufacturing brand with high quality, high efficiency and low cost.

Dong Kuiyong said that although the current cotton textile industry is still facing internal and external pressures, from the overall international pattern, my country’s cotton textile industry system is complete, the industrial chain is resilient, and its position in the international supply chain is irreplaceable. I believe that with the support of all parties, With support, cotton consumption will continue to recover and achieve accelerated recovery.

AAA

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