Guoxin Securities released a research report saying that under brand differentiation, the manufacturing sector is focusing on improving fundamentals and continuing resilience to seize high-end consumption opportunities. In August, clothing companies continued to decline at zero but the decline narrowed slightly, down 0.5% year on year, with a cumulative year-on-year increase of 5.1%; in August, China's textiles/clothes/footwear exports were +2.3%/+12.4%/+11.4%, respectively, and the growth rate of clothes/footwear exports accelerated. Brand apparel differentiation continues, and demand resilience in high-end sports and outdoor, high-end leisure, and high-end home textiles is relatively resilient; external demand for textile manufacturing and brand inventory continues to recover, and fundamentals are expected to gradually improve.

Guoxin Securities released a research report saying that under brand differentiation, the manufacturing sector is focusing on improving fundamentals and continuing resilience to seize high-end consumption opportunities. In August, clothing companies continued to decline at zero but the decline narrowed slightly, down 0.5% year on year, with a cumulative year-on-year increase of 5.1%; in August, China's textiles/clothes/footwear exports were +2.3%/+12.4%/+11.4%, respectively, and the growth rate of clothes/footwear exports accelerated. Brand apparel differentiation continues, and demand resilience in high-end sports and outdoor, high-end leisure, and high-end home textiles is relatively resilient; external demand for textile manufacturing and brand inventory continues to recover, and fundamentals are expected to gradually improve.