China Galaxy Securities' Research Reports state that looking ahead to 2025, the focus will be on improving domestic demand throughout the year, with attention on quality leaders in the Textile Manufacturing sector concerning international capacity layout. Since the second half of 2024, the government has introduced multiple economic stimulus policies to boost domestic demand, and the Central Economic Work Conference has also explicitly indicated the need to vigorously promote Consumer spending, comprehensively expand domestic demand, increase income and reduce burdens for low- and middle-income groups, and enhance purchasing power. The follow-up effects of the policies in 2025 are expected to gradually manifest, and the Clothing sector is anticipated to reach a turning point. In the upstream Textile Manufacturing sector, amidst expectations of increased tariffs, attention should be paid to leading enterprises that have a well-developed international capacity layout.