A World Review of 2017——Slow Recovery and Steady Growth
When asked how to sum up the 2017 textile market, several textile manufacturers stated that this is the most typical year. The industry fluctuates and there are too many uncontrollable factors that affect the development of the industry. For example, Trump took office and withdrew from the TPP, which triggered further fluctuations in the U.S. market. Washington policy directly affects retailers and consumers' purchasing confidence, which in turn affects textile consumption.
The textile industry fluctuates but the volatility is less than before. Nowadays, the US textile industry is moving towards a state of equal supply and demand. After years of decline, new production capacity has also allowed the industry to gradually see the dawn of the textile industry. Therefore, it is a wise choice to develop in a stable and progressive way. This ensures that The textile market will not be deformed.