Foreign Trade Slows Down And Domestic Demand Is Sluggish.

Recently, the trade data released by the General Administration of Customs show that China's total import and export trade amounted to US $2 trillion and 559 billion 530 million in 1-7 months, down 1.8% from the same period last year. The volume of export trade was US $1 trillion and 392 billion 610 million, an increase of 0.6% over the same period last year, and the import trade volume was US $1 trillion and 166 billion 920 million, a decrease of 4.5% over the same period last year.

In 1-7 months, China's import and export trade with the United States totaled US $308 billion 10 million, down 13.4% from the same period last year, of which US trade volume was 238 billion 250 million US dollars, down 7.8% from the same period last year. The import trade volume from the United States was 69 billion 750 million US dollars, down 28.3% compared to the same period last year. Compared with other major trading countries such as EU, Japan, Korea and Southeast Asian countries, Sino US trade declined the most.

From the cotton textile and clothing trade situation, in the first half of the year, the total import and export trade of cotton textiles and garments between China and the United States amounted to 5 billion 757 million 900 thousand US dollars, down 6.3% compared with the same period last year, of which the trade volume of China's exports of cotton clothing to the United States dropped to 7.2%. The trade volume of cotton textiles and clothing imported from the United States was 42 million 650 thousand US dollars, down 19.6% from the same period last year, of which the trade volume of cotton textiles (including cotton yarn and cotton fabric) decreased by 79.4% compared with the same period last year. From the data point of view, Sino US trade friction has a great impact on the export of downstream consumer goods and the import of upstream primary processing products.

From the main cotton textile gathering areas in China, it is known that with the continuous trade friction between China and the United States, the market lacks positive signals, and entrepreneurs' confidence is frustrated. Enterprises say that the trade situation is not optimistic, and the overall consumption of domestic and foreign markets is insufficient, which has caused the current industry downturn. In addition, from the recent cotton storage situation, the average price of cotton reserves is close to 12000 yuan / ton, and the price weakness reflects the uncertainty of the market for the future. At present, what enterprises can do is to actively adjust the product mix and strive to develop new markets, and also call on the state to release the policy information to boost the market as soon as possible.