The growth rate of the textile industry continued to decline, and the industry investment was more rational. At present, the industry's production capacity is sufficient and the utilization rate continues to rise. In the long run, the domestic production capacity will continue to shift overseas.

In recent years, the scale of the textile industry has continued to expand, but the growth rate has slowed down markedly, and industry investment has become more rational. In 2017, the fixed assets investment of the textile industry reached 693.614 billion yuan, a year-on-year increase of 5.9%. The growth rate was 4.8 percentage points lower than that of 2016. The completion of fixed assets investment in the first half of 2018 increased by 0.8% year-on-year. The growth rate slowed down compared with the same period of last year. 6.3 percentage points. At present, the textile industry's production organization form, factor comparative advantage, market competition pattern and resource and environmental constraints have seen new phase changes. Due to industrial restructuring, blind expansion has been curbed. It is expected that the overall investment of the industry is expected to be more rational in 2019. The growth rate of the industry has remained at a low level.

In recent years, the growth rate of the value added of the textile industry has accelerated. In 2017, the added value of industrial enterprises above designated size increased by 4% year-on-year, and the growth rate fell by 1.5 percentage points. In the first half of 2018, the added value of industrial enterprises above designated size increased by 1.1% year-on-year, and the growth rate dropped by 3.4 percentage points. From the perspective of the output of cloth and yarn, the output of cloth and yarn in 2017 was 69.56 billion meters and 40.05 million tons respectively, both of which increased; the output of cloth and yarn in the first half of 2018 was 26.720 billion meters and 16.73 million tons, respectively. However, the growth rate has declined compared with the same period in 2017. At the end of June 2018, the end-of-year value of finished goods in the textile industry (above the main business income of more than 20 million) was 138.45 billion yuan, still at a relatively high level. In 2017, the capacity utilization rate of the textile industry was 80.2%, up 4.2 percentage points year-on-year. In the first half of 2018, the industry capacity utilization rate further increased to 81.1%. It is expected that the growth rate of industrial value added of textile industry will further shrink in 2019, but the production capacity is still sufficient, and with the upgrading of technology and equipment, the capacity utilization rate is expected to further increase.

Domestic textile and apparel demand growth rebounded weakly, but the adverse impact of the economic growth rate on the textile industry's terminal demand will continue. It is expected that industry demand will maintain a low growth rate in 2019.

Binzhou Hengfeng Chemical Fiber Products Co., Ltd. is located in Lizhuang Town, Binzhou City, 90 kilometers away from Jinan City and Yaoqiang Airport, 300 kilometers away from Beijing and Qingdao Port. It enjoys an advantageous geographical location and convenient transportation.

Binzhou Hengfeng Chemical Fiber Products Co., Ltd. registered trademark "Hengfeng", the main products include: high-strength polypropylene filament, polypropylene color silk; ship, maritime offshore rope; safety protection, rock climbing, fire rescue escape rope; aerospace, military Equipment rope; chemical fiber nets, spreader series products.