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Under the complicated background of the current global economic environment, the textile and garment industry is facing unprecedented challenges and opportunities. The diversification trend of domestic and foreign consumer goods markets is becoming more and more significant, and consumers' consumption habits have undergone significant changes, and new life concepts and cultural concepts are gradually transformed into new fashion and consumption concepts. Health consumption, green consumption, digital consumption, experience consumption and other emerging consumption models are booming, these models not only change the preferences of consumers, but also put forward higher requirements for the production and operation of textile and garment enterprises. In the face of this diversified market, how to seize the opportunity of textile and garment enterprises, achieve transformation and upgrading, and find the quality level, standard framework and quality characteristics that match their own products has become the focus of common concern within and outside the industry.

New challenges and new opportunities under the change

Although China's textile and garment industry as a whole maintains a stable development trend and continues to make progress, its development still faces significant challenges from the domestic and foreign situation. Especially since the second quarter, the industry growth rate has slowed down, and the profit decline trend is obvious. According to official data, from January to August this year, China's retail sales of clothing, shoes and hats above quota and textile products increased by only 0.3% year-on-year, compared with the growth rate of the same period last year. In the international market, the uncertainty of global development has weakened the consumption power and consumer confidence. The undercurrent of geopolitics has had a profound impact on the industry, leaving many companies feeling unprecedented pressure.

However, while challenges and pressures coexist, China's textile and garment industry is also pregnant with new development opportunities. From raw material supply, design and development to equipment manufacturing, from channel innovation to the deep integration of the industrial chain, like a dense industrial network, all links are closely linked, forming an indestructible advantage of China's textile and garment industry system and supply chain. The domestic unified large market and regional industrial transfer cooperation provide a broad strategic space and development potential for the industry.

In this promising land, industry enterprises are focusing on the goal of developing new quality productivity, accelerating the pace of innovation in high-end, intelligent, green and integrated; The continuous emergence of specialized new enterprises has injected surging vitality into the sustainable and healthy development of the industry like mushrooming.

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