China Sewing Machinery Industry Conference

Excerpts from Chairman Yang Xiaojing's Concluding Remarks at the China Sewing Machinery Industry Conference 2023
 

In 2023, the trend of the global economy hovering in the trough has not yet changed, the United States, Europe, Japan, and other major economies have high financial risks, and ASEAN, India, and other emerging markets' potential have not yet formed a large-scale demand; the domestic demand market is weak and weak, and the changes in demand and effective supply have not yet been integrated in depth. In the next period, the industry still has greater uncertainty in the development forward, there are still many challenges, the Association of the overall development of next year's judgment is cautiously optimistic, this optimism is not based on the demand for apparel, footwear, and hats how much growth, but based on the orders after the collection of apparel companies on the new demand for the function and efficiency of the equipment is a structural change brought about by the restorative growth. This prudent means that this restorative growth is not a jump in growth, but smooth slow growth; not short-term growth, but 4-6 months after the medium-term growth.
It is based on this judgment, this year the Association to increase industry research efforts, through the anatomy of a sparrow, subdivided product areas, and market areas, to guide the development of enterprises; extensive and downstream clothing, home textiles, leather, down, furniture and other industries to carry out linkages and exchanges, a comprehensive grasp of the industry chain information, pulse industry development trends towards; held various meetings, seminars, special exchanges, to the cohesion of the industry consensus, the formation of the development of a synergistic force. Just now the Secretary-General in the work report has talked about, I will not repeat. On the whole, although faced with severe tests, our enterprises are still able to actively adjust and rise to the challenge, a large number of backbone enterprises to seek changes and breakthroughs, showing strong development resilience and potential. Especially during CISMA2023, Made in China comprehensively presented intelligent sewing technology, digital whole-plant solutions, and other milestones, showing the global industry chain a strong country.
Looking back to 2023, the whole industry has been firm in its confidence and courage to move forward, stimulating the vitality of the market struggle and thickening the development of the enterprise. Looking forward to 2024, the situation we face is still severe and complex, and the task of high-quality development of the industry is arduous and urgent.