中缝协市场工作委员会发布倡议： 破“内卷”困局 力促缝制机械市场可持续发展

Core Viewpoint - The recent initiative titled "Strengthening Industry Self-Discipline for Healthy Development of the Sewing Machinery Market" aims to guide the industry away from disorderly competition and towards high-quality development, responding to the challenges faced by the sewing machinery sector in China [1][2]. Group 1: Industry Challenges - The sewing machinery industry is undergoing profound changes, with a shift from incremental growth to stock adjustment due to weak global economic growth and declining demand in the downstream textile and apparel sectors [2]. - Long-standing issues such as homogenized development and structural overcapacity are becoming more pronounced, leading to intensified low-price competition and a decline in profit margins across the industry [2][5]. - The industry is currently at a critical juncture for transformation and innovation, necessitating a healthy market environment and fair competition to support sustainable development [2][4]. Group 2: Initiative Details - The initiative outlines twelve specific measures across four dimensions: adhering to integrity principles, optimizing the market environment, promoting technological innovation, and enhancing social responsibility [3]. - It emphasizes the need for companies to resist malicious pricing, defamation of peers, and other unethical practices, while focusing on improving product quality and enhancing service capabilities [3][4]. Group 3: Future Outlook - The period from 2022 to 2025 is seen as a transformative phase for the sewing machinery industry, shifting from scale-based to automation and integration-focused development [5][6]. - Despite a decline in overall revenue and an increase in loss rates among large enterprises, there are signs of recovery in production and efficiency, with a notable increase in exports totaling $9.744 billion [5][6]. - The industry is encouraged to maintain confidence, as factors such as consumer recovery and market potential in rural areas are expected to support continued growth [6].