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Economic Operation Analysis of China's Sewing Machinery Industry in 2021 and Development Prospects for 2022

In 2021, the Chinese economy continued to recover, the international economy significantly rebounded, and the global economic growth prospects significantly improved. Chinese sewing machinery industry enterprises seize the important opportunity of demand recovery, actively overcome internal and external pressures and challenges such as the impact of the COVID-19 and the sharp rise of raw materials, give full play to the advantages of the industrial chain, vigorously promote production increase and expansion, and meet the needs of the internal and external markets. The industry economy has achieved a restorative medium to high growth, and the benefits have continued to improve, showing a good momentum of steady improvement and steady reinforcement.

New product recommendation | Xinsheng single head hot stamping machine

Countries along One belt and One road has taken up 80% of Zhejiang textile machinery gross export value.

“In the first eight months of this year, the export of embroidery machinery in countries along the One Belt And One Road has increased by nearly 50% year-on-year. The G20 Hangzhou summit has brought new opportunities for us. We are optimistic about the export prospect of embroidery machinery.”

Embroidery machinery’s spring is coming

China's export embroidery machinery for the countries along the One Belt And One Road was 2.79 billion yuan, up 7.2%, accounting for 85.1% of the total export value of textile machinery in Zhejiang during January to August.

Our province exports account for One-eighth of China

Reporters learned from Hangzhou customs on January 25th, that the total import and export volume of our province was 2.22 trillion yuan in 2016, up 3% year-on-year in the nationwide decline of 0.9%. Among them, the export took up 1.77 trillion yuan, up 2.9%; The imports took up 0.45 trillion yuan, up 3.7%.