China Textile Industry Speeds Up Expansion Of Small Business Exit Pattern

The fifteenth China international textile fabrics and accessories (Chun Xia) Fair was informed that China's textile industry began to show the development pattern of large enterprises accelerating expansion and small businesses withdrawing from competition.

Affected by the global financial crisis, some Chinese textile enterprises are in trouble and even shut down. However, 1/3 of the textile and garment enterprises that make up 98% of the profits of the whole industry are still developing well. They have gained a higher growth rate than the industry average by means of capital, scale and risk resistance.

According to the latest statistics, the total profit of the top ten companies of China's textile and apparel listed companies has increased from 53% to 68% by two, 00 to two, 00 and eight years.

According to the sponsor of the China Textile Industry Association, the outstanding feature of this Textile Expo is that some domestic functional fabrics enterprises with high technology content and fashion oriented women's fabric enterprises are stepping up the market to increase their booths. Under the background of weakening consumer demand and facing the market pressure of conventional products, they are full of confidence in the textile products market with technical and fashionable characteristics.

At the same time, in order to protect the market order, there are already some enterprises in China's textile industry at a cost less than the cost of selling products.

China Textile Expo has always had the mission of guiding the development of the industry. The organizers do not want the trade mode of low price competition to appear, but advocate the innovation of product, management and marketing mode, and take the road of differential development.

Editor in chief: Xu Qiyun