Although China'S Textile And Garment Industry Is Difficult, Its Prospects Are Promising.

"Although China's textile and apparel industry is experiencing severe winter and facing many difficulties, I firmly believe that the prospects for the industry are good."

Xia Lingmin, Deputy Secretary General of the China Textile Industry Association, said at the "3 + 1" production and marketing docking conference of the China Textile and garment professional market held here.

The downturn in the international economic environment, the continued appreciation of the renminbi, rising labor costs, tight monetary policy...

Since 2007, China's textile and garment industry has experienced the most severe challenges after more than 10 years of vigorous development.

Statistics show that in the 1-2 months of this year, the export growth of Chinese clothing was 9.6%, the first time below 10%, especially for US exports and even negative growth.

At the same time, sewing machinery industry as the upstream garment industry is also experiencing "cold winter".

Yang Xiaojing, Secretary General of China Sewing Machinery Association, said that in 2007, China's sewing machinery industry completed 41 billion yuan in industrial output, up 13.8% over the same period last year, and produced 17 million 800 thousand sewing machines and equipment all year round, an increase of 7.8% over the previous year, and 1 billion 480 million US dollars in foreign exchange earnings from exports. The growth rate was 9.6% over the same period last year, and all indicators were relatively low since 2001.

"The rapid development of sewing machinery industry has been slowing down for several years, and the industry is facing a steady development stage of structural adjustment and industrial upgrading."

Yang Xiaojing said.

"The temporary difficulties of the industry are mostly from the external environment."

Xia Lingmin said that the appreciation rate of RMB has been greatly increased recently, and the tax rebate rate of the state on textile and clothing has also been reduced from 15% to 11%.

At the same time, the promulgation and implementation of the new labor contract law has increased the labor costs of textile and garment enterprises.

All these have an impact on the development of the textile industry.

Lin Hongnan, general manager of Fucheng (China) Limited, said that the textile and garment industry is facing the most difficult time, and the volume of exports is significantly reduced.

In the first two months of this year, the export of Fujian's textile and apparel industry dropped by 30% - 40%, and exports of textiles and clothing in the United States dropped by half.

However, Xia is still very optimistic about the prospects of China's textile and garment industry.

He said that the industrial foundation of China's textile and garment industry has not changed, and many years of production and operation have accumulated rich experience.

Every link of the entire industrial chain, from production research to marketing, has strong human resources as a guarantee.

"China has a vast market and huge potential for consumption. In the current situation of export disruption, fully exploring the mainland market is an ideal way to break through the whole industry."

Xia Lingmin said.

In addition, the garment manufacturing industry is constantly upgrading. Many enterprises have gradually developed from the simple raw materials processing in the past to the leading brand with advanced production technology and advanced management level.

For such enterprises, the turbulence of external economic environment has little impact on them.

Xia Lingmin believes that China's textile and garment industry should promptly change its business ideas, adjust its business strategy and achieve industrial pformation and upgrading according to the changes in the market situation.

In view of the current situation, China's textile and garment enterprises should focus on improving the contribution rate of science and technology, brand awareness and management level, and get rid of the practice of winning the market by low cost and low price in the past.