The international market downturn, raw material prices fluctuate, production costs rise, financing environment tightening and other factors have increased external pressure. The main economic indicators of shoes and clothing have slowed down, especially in the export volume and industry profit growth.

It is reported that the main indicators of the shoe industry in China last year maintained a rapid growth, and the operating situation was basically stable. The profits of the shoe enterprises below the scale of last year only increased by about 10% year on year, far below the growth level of the footwear enterprises above the scale.

By the end of this year, due to the weak external market, the increase of raw materials and labor costs and other unfavorable factors, the footwear industry, which is dominated by small and micro enterprises, will still face many operational pressures. The tight external environment will form a market forced mechanism to accelerate the reshuffle of the new round of industry.

And the tight external environment will form a market forced mechanism, thus bringing about a new round of shuffling of the textile industry, and the task of speeding up the adjustment and upgrading of shoes and clothing enterprises is also more urgent.