China home textile history of 2009

In 2009, a ferocious financial crisis hit the Chinese textile industry in its coldest “wintry” of 30 years in its rapid development. According to the survey, 45% of the bed linen manufacturer in the country at a loss, the worst time Shandong 19% of small and medium-sized textile enterprises shut down. However, under the support of the national policy of stimulating domestic demand, the textile enterprises that rely on export processing originally became “uncomfortable with water and soil” under the conditions of channels and brands due to the shift to domestic sales. This is an extraordinary year for China’s home textile industry in 2009. In 2010, the weakest year in the history of the home textile industry, the price of cotton jumped threefold in this year, causing many textile enterprises to stop production. Textile enterprises in the environment, had to raise prices. Meanwhile, the negative impact of the real estate industry, the rapid decline in the proportion of buyers. According to industry statistics, textile enterprises in 2010 compared with the average sales in 2009 fell 13 points.

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