Development Strategy Of Overcapacity Industries For Traditional Demand Textile And Garment Industry

In recent years, China's foreign trade growth has declined due to European debt crisis, shrinking external demand, trade barriers, inflation, RMB appreciation and factor cost increase. Under the background of increasing export pressure, there is still a kind of industry which can be called overcapacity overcapacity in our country, that is, those exports share a larger share of total output, or export plays an important role in digestion of their total output. Excess production capacity The industry deserves more attention.

China's external demand overcapacity industry includes not only traditional industries such as textiles, shoes and caps, bags, but also new industries such as wind power equipment, polycrystalline silicon, photovoltaic solar cells and so on. The development of such industries is: the first is the traditional demand of textiles, shoes and caps, bags and other traditional industries. The domestic demand is almost saturated. Although the export volume keeps growing, the added value of products is low, and the low end capacity is still expanding under the stimulation of export growth. The two is emerging industries such as wind power equipment, polycrystalline silicon, photovoltaic solar cells and so on. With the continuous production and commissioning of capacity in recent years, there will be serious domestic demand shortage. It is necessary to rely on exports to digest the excess capacity of such industries, but face fierce competition in the international market.

In a recession international economy In the environment, how can the industry with excess demand and excess capacity get out of the predicament?

First, we should use relevant fiscal and taxation policies to encourage exports and expand domestic demand.

For external demand industries with excess capacity, maintaining and increasing exports is crucial to alleviate the contradiction between overcapacity and insufficient domestic demand in the short term. From the point of view of policy effect, export tax rebate policy and specific fiscal subsidy policy are relatively effective for regulating export scale. However, judging from the international environment of foreign trade, all countries are opposed to the fiscal subsidy policy of trade counterparts, which often leads to trade friction, rather than the export tax rebate policy which can better reflect the principles of fair and competitive trade. Therefore, China should make full use of the export tax rebate policy to regulate the export scale and export tendency of the industries with overcapacity demand. While increasing export volume, expanding domestic demand is also an effective way to solve the existing excess capacity in related industries. For textile, shoes and caps, bags and other traditional industries, in recent years, a large number of such products have been exported to domestic sales in China, and the domestic demand space is extremely limited. For the emerging industries such as wind power equipment, polysilicon, photovoltaic solar cells, the customers are mainly industrial users, and the main reason for such products' insufficient domestic market demand is the slow development of supporting industries. Therefore, there is a need for substantial innovation in the policy of expanding domestic demand in the industries with external demand and excess capacity and looking for new consumption growth points.

Two, we must strictly regulate the capacity expansion of related industries by strengthening supervision.

The scale of production capacity should be decided by the enterprise itself. However, due to incomplete information and other reasons, the overall judgement of the market and industry prospects is often not accurate enough. Even in industries with relatively transparent information, the choice of competitive strategies among individual enterprises will result in collective irrational results. Therefore, it is necessary to conduct effective supervision for industries that are vulnerable to the prospect of good industry and stimulate many enterprises to rush to the herd and lead to overcapacity. In order to strictly restrict external demand Industry capacity The first is to further improve relevant industrial policies, and timely update the "guidance list for industrial restructuring" to further improve the entry threshold for industries with excess demand and excess capacity; two, to strengthen environmental pollution assessment and supervision of relevant industries, especially for projects with high energy consumption and high pollution, such as polysilicon, which are not allowed to start construction; and three is to strengthen supervision over land use of various construction projects and regulate the land transfer behavior of local governments; four, to strengthen macro credit policy guidance and supervision, to guide and supervise financial institutions to improve and improve credit auditing; five, to strengthen monitoring of industrial capacity and utilization of capacity, and timely release information on industrial policy orientation, industrial scale, social needs, production and sales inventories, enterprise restructuring, and pollution discharge. The blind expansion of relevant departments in China should strengthen the following aspects of supervision.

The three is to encourage the development of high-end technology and adjust the technical structure of relevant industries.

China's external demand overcapacity industry is mainly manifested in the serious surplus of middle and low technology products in the industry, but the high-end technology products with strong competitive advantages in the industry are relatively inadequate. Therefore, while strictly controlling the capacity expansion of related industries, China should encourage the development of high-end technology products in the industry, and strive to adjust and optimize the technical structure of the industry. For example, the textile industry should actively develop industrial textiles, with the help of its high technology content and wide penetration of industries, and promote the adjustment of the technical structure of the textile industry; the wind power equipment industry should vigorously develop offshore wind power projects, and actively establish links with the energy departments and power enterprises of coastal provinces or provinces and cities in China's coastal provinces and cities, and strive to build new competitive advantages in the international wind power equipment market by developing more offshore wind power projects; the polysilicon industry should attach importance to the development of high-purity polysilicon and strengthen the extension and alliance of the industrial chain; polysilicon enterprises should strengthen the integration and alliance with the upstream and downstream enterprises such as photovoltaic solar cells, and develop more competitive and profitable photovoltaic solar products through the extension of the industrial chain.

The four is to promote the "excess demand" industry with excess capacity.

In the long run, under the influence of multiple factors, the growth momentum of China's foreign trade will gradually slow down. Therefore, China can not always rely on exports to solve the contradiction between excess capacity and insufficient domestic demand. Industries with excess demand and excess capacity can choose to "go out" and gradually export domestic excess capacity by setting up factories and businesses abroad. This is beneficial to both the development of enterprises and the development of macro-economy. 具體策略主要有：一是紡織、鞋帽等傳統的外需型產能過剩行業，通過“走出去”在其他國家生產、當地銷售或出口產品，可以繞過相關國家的貿易壁壘;二是相關行業“走出去”，可以充分利用人民幣升值后形成的購買力優勢，抓住全球經濟周期處于低谷階段的機遇，通過跨國并購等對外直接投資方式獲取國外的低價優質戰略資產;三是鼓勵風電設備、多晶硅等項目投資額較大的行業“走出去”，在規模化輸出產能的同時，也促進了外匯儲備余額的減少，有助于緩解國內的通貨膨脹壓力;四是風電設備、多晶硅、光伏太陽能電池等新興行業，可以通過發展“技術追趕型”對外直接投資，充分利用發達國家先進技術集聚地的反向技術外溢，促進企業技術升級和自主創新能力的提高，從而有利于國內相關行業的結構升級。