China's textile industry's first hosiery index officially released yesterday

The first sock index of the Chinese textile industry was officially released on the 30th at the China Textile Industry Federation. Under the joint click of Vice President of China Textile Industry Federation Xia Lingmin and Deputy Mayor of Zhuji City Meng Guofeng, the Datang Socks Index was formally launched and launched.

Since the October 10th Socks Expo held on October 18th, the China Knitting Industry Association and Datang Town have reached the intention of establishing a price index. After more than four months of data model establishment and information collection, Datang Hosiery Index data model has been Completed and improved. The Datang Socks Index is composed of three parts: the boom index, the sock trade price index, and the sock trade raw material price index. On the 18th of each month, Zhuji will publish the Datang Socks Index of the month, the socks industry and related industries. The index can be viewed on the official website of the China Knitting Industry Association, Datang Socks, and other websites to keep track of the latest socks prices and the prices of socks.

According to Yang Shibin, president of the China Knitting Industry Association, the release of the index has a guiding effect on the industry and has a positive effect on the market. It has a guiding role in transforming and upgrading the Datang socks, technological innovation, product research and development, and energy conservation and emission reduction; The brand influence of Datang Hosiery as a whole has further promoted the development of the market and provided a powerful guarantee for Datang to consolidate the “international stocking capital”.

"World Hosiery ***, China Hosiery See Datang". After more than 30 years of rapid development, Datang Socks has now formed a large industrial cluster centered around Datang Town, which radiates around 12 towns and townships and attracts nearly 200,000 employees. Yu Jia, socks machine 127,000 units, in 2011 the production of 19.3 billion pairs of socks, socks and ancillary industries to achieve output value of 55.5 billion yuan, sales revenue 53.9 billion yuan, profits of 4.6 billion yuan, self-export 1.134 billion US dollars, the output of the country 65% of the world and one-third of the world have laid a decisive position in the country and the world. Datang Socks has been established as the world’s largest sock and raw material production base and the most growth industry in the 21st century in Zhejiang Province. First, it was awarded the title of "National Top 100 Industrial Clusters", "Chinese Knit Raw Material Production Base", "Chinese Knit Raw Material Market", and "East China Fine Hosiery Park". Datang Town is known as the “Hometown of Chinese Hosiery”, “China Socks Town” and “International Socks Capital”.

The issuance of this index will help producers reduce blindness, avoid market risks, save production and transaction costs, accelerate the transformation and upgrade of the hosiery industry, and enhance market competitiveness; it will help further increase the influence of the Zhejiang Datang Hosiery Market. And visibility; is conducive to further consolidate Datang's position in the world's largest sock production base and China's knitted raw material production base; and it is conducive to gradually establish the right to speak of the Chinese hosiery industry in the international market. The Hosiery Index will become the "wind vane" of the domestic socks industry's creative R&D and the "barometer" of the world hosiery product market.

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