Don'T Just Focus On The United States.

The United States is the largest consumer of textile and clothing in the world, and is also one of the largest export markets for textiles and clothing in China.

The overall decline in the textile industry is due to the fact that the lack of demand caused by the slowdown in the US economy is undoubtedly the main factor.

This year, many textile purchasers in the United States cancelled the procurement plan for the Canton Fair to be held in April 15th.

Many American businessmen, speaking of the reasons for cancelling the trip to Guangzhou, said that considering the uncertainty brought about by the appreciation of the renminbi and the reduction in domestic demand, they had to suspend the order plan at present.

With less orders, the pressure is directly pmitted to the textile enterprises.

Jiangsu sainty (market share) Tyco Clothing Co., Ltd. Li Yue, who is in charge of the US market, said the company had clearly felt the impact of the subprime crisis.

He said: "American Importers are very sensitive to price and adopt an unprecedented strategy of tight procurement.

Not only is the old product free of increase, but the new product is also difficult to raise prices.

In fact, at the same time, when the premium space is being squeezed, enterprises are also suffering from the cost pressure caused by increased labor costs and tightened tax policies.

The difficulties encountered in the export of US textiles have been reflected in the data.

According to the statistics of Jiangsu Bureau of statistics, Jiangsu's textile exports to the United States slowed down significantly, up 8% compared to the same period last year, and the share of the US's exports has dropped to third place from the number one in 2007.

So, can the textile industry really rely on the United States?

According to the statistics of Jiangsu Provincial Bureau of statistics, Europe has become the largest market for textiles in Jiangsu, and Japan's imports have always been relatively stable.

In addition, there are many emerging market trading partners.

Ama Hagasi, chief executive officer of special e-commerce company in the United Arab Emirates, is also China's cotton textile industry.

According to his introduction, if oil trade is excluded, China is already the largest trading partner of the UAE.

At the same time, the UAE is also China's largest trading partner in the Middle East.

In 2007, the volume of trade between the two countries increased by 40% to $20 billion.

As the second gate category of trade between the two countries, the amount of textiles demanded by the UAE is about 2 billion 500 million dollars, accounting for 10% to 15% of the trade volume between the two countries.

Entering the 2008, the growth of trade between the two countries has exceeded expectations, and the UAE's demand for textiles is also increasing, including government procurement and re export trade.

Hagasi believes that the current decline in China's textile exports is mainly aimed at the traditional trading partners of western developed countries, the most typical is the United States and European countries, which is mainly caused by the subprime mortgage crisis in the United States and some European mortgage business risks.

But in emerging markets including the Middle East, the South Asian subcontinent, North Africa and South America, trade between China and local countries is growing rapidly.

With the new platform of e-commerce, China's textile industry can create a new Silk Road, which leads to the emerging "blue ocean country".

With the expansion of India, Brazil, Russia and other countries and regions, the UAE government led e-commerce company is linking the UAE and the world, and in the view of HA, it is the best time to enter the Chinese market. Through the new e-business technology, China's textile industry will reach the new market, thereby gaining new growth.

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