With the effective prevention and control of the epidemic in China and the economic restart of major foreign markets, domestic and foreign market demand has gradually recovered. From January to July, the main economic indicators of China's printing and dyeing industry improved from the first half of the year. The foreign trade market showed signs of recovery. However, compared with the same period last year, there is still a big gap between the quality and efficiency of operation, and the overall operating pressure of the enterprise is still relatively large. The positive factors that help the industry to accelerate the recovery of are still insufficient.

According to the National Bureau of Statistics, from January to July, printing and dyeing enterprises above designated size produced over 26.37 billion meters of printed and dyed fabric, seeing a year-on-year decrease of 13.25%. After the continuous narrowing in the previous two months, the decline in output showed an expanding trend again, indicating that the recovery process of China's printing and dyeing industry under the profound impact of the global pandemic is relatively slow.

From January to July, the share of three overheads in turnover of printing and dyeing enterprises above designated size was 7.38%, 0.68 percentage point higher than the same period of 2019. Among them, that of cotton printing and dyeing enterprises were 7.07%, and chemical fiber printing and dyeing enterprises were 9.64%. The turnover rate of finished products was 8.73 times / year, declined by 31.26% year-on-year. The turnover of account receivable was 4.21 times / year, seeing year-on-year rises of 28.14%. The total asset turnover was 0.49 times / year, down 23.51% year-on-year. And the share of three overheads in turnover of printing and dyeing enterprises above designated size declined by 0.15 percentage point from the previous month; the decline in the turnover rate of finished products increased by 0.47 percentage point; the decline in the turnover of account receivable increased by 1.47 percentage points; the decline in total asset turnover rate narrowed slightly by 0.70 percentage points, indicating that the enterprises still faced great pressure.

From January to July, the main business income of printing and dyeing enterprises above designated size reached over CNY 125.09 billion, down 21.30% year-on-year. The main business cost was CNY 109.93 billion, declined by 21.19% year-on-year, accounting for 87.88% of the main business income. The profit margin was 3.54%, down 1 percentage point year-on-year. The sales profit rate was 3.38%, decreased by 0.91 percentage point year-on-year. The profit totaled CNY 4.22 billion, down 38.09% year-on-year. The completed export delivery value was about CNY 17.93 billion, down 23.53% year-on-year. 40.82% of enterprises operated in red, and their deficit totaled about CNY 2.04 billion, surged by 86.41% year-on-year.

From January to July, the main economic indicators of China's printing and dyeing industry have improved. However, the current changes in economic operation are mainly a kind of recovery growth. The main indicators still have a significant gap compared with the same period last year. Economic recovery still faces great pressure.

According to China's customs statistics, from January to July, the foreign trade of China's printing and dyeing products totaled US$ 12.19 billion, down 27.24% year-on-year. The trade surplus reached over US$ 10.86 billion, down 26.32% year-on-year. The import volume of eight major categories of printing and dyeing products was 319 million meters, declined by 39.86% year-on-year. The import value was US$ 665 million, seeing a year-on-year decrease of 33.98%. The export volume of eight major categories of printing and dyeing products was about 11.86 billion meters, down 23.30% year-on-year. The export value was about US$ 11.53 billion, decreased by 26.81% year-on-year. On a month-on-month basis, in the first seven months of 2020, the decline in the export volume and export value of the eight major categories of printing and dyeing products narrowed by 2.15 and 2.10 percentage points, respectively. This is the second consecutive month that the decline in exports has fallen, indicating that foreign trade market demand for China's printed and dyed fabrics is gradually picking up.

From the perspective of major export markets, from January to July, the exports of eight major categories of printing and dyeing products to countries along the "Belt and Road" route, ASEAN, the EU and the United States showed a recovery trend, and the decline in export volume and export value was slightly narrowed from the previous month. For exports to the Japanese market, since April, the decline in export volume and export value has been increasing month by month. This is mainly related to Japan's domestic epidemic prevention policy and the repeated pandemic in recent months.

At present, the foreign epidemic situation has not been effectively controlled. It will take time for the operation quality and efficiency of China's printing and dyeing industry to return to the level before the epidemic. However, under the comprehensive effect of the domestic and foreign markets, especially the gradual recovery of the domestic market. It is expected that the quality and efficiency of China's printing and dyeing industry will be significantly improved in the next few months.