How Can Textile Industry Get Out Of Its Lows: Product Innovation And Scale Benefit?

"Many developed countries do not do so now.

In the next few decades, there will probably be no more textile enterprises in China. "

Chen Yang, general manager of Shaoxing Mengcheng Textile Co., Ltd.

In the face of the current predicament, how can China's textile industry get out of the low? The reporter learned that product innovation has become the consensus of the textile industry.

A few years ago, because China had a large number of cheap labor force, the labor intensive textile industry undoubtedly had great competitive advantages.

Today, this advantage has ceased to exist. The wages of Chinese textile workers have risen from several hundred yuan per month to about 2000 yuan, and some regions even reach 3000 - 4500 yuan.

In Vietnam and other countries, the monthly wage of textile workers is only about 800 yuan, and the regional pfer of textile industry is inevitable.

According to a textile industry in Zhejiang area, the current textile enterprises, especially small and medium textile enterprises, are mostly between 40 and 50 years old.

Most young people who come out to work now do not want to work long in the textile industry where their working environment is not very good and their incomes are not very high.

"Ten or twenty years later, who will spin? Perhaps by that time, the textile industry will face a difficult job".

"The main purpose is to protect the global textiles and related industries of the developed countries.

Since the implementation of the quota system in 1974, the textile and garment industry in the United States has not prospered because of this protection, but on the contrary, it has been declining.

In terms of the number of industries, 30 years ago, the number of employed people in the US industry was as high as millions of people. After 30 years of protection, the number of people in the industry was only about 400 thousand.

In November 14, 2005, an article entitled "who can save the textile industry in the US" is written by the China business times.

The article argues that protection may only slow down the recession of the textile industry, but it can not fundamentally prevent its decline.

Cheng Guohua, general manager of Shaoxing Longhua Textile Co., Ltd., brought out two samples of cloth to reporters. "This is a hot commodity in the market, but we can't do it."

The severe market situation, the brutal competition pressure, let the small calculating Cheng Guohua live also wants to carry on the product innovation, but the massive fund investment, the unknown market condition lets him hesitate repeatedly.

"Easy to be accustomed to, to suddenly engage in innovation, there is always a lack of bottom."

But under tremendous pressure, Cheng Guohua said he has "made up his mind" to create new products. "It's better to wait and go bankrupt than this."

In addition to its own product innovation,

People believe that under the current market conditions, the state should integrate resources, regulate supply and demand, and create economies of scale.