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Experts: International Layout To Build New Competitive Advantages Of Textile Industry

2013/6/28 21:16:00 48

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Textile Industry Textile Industry Federation Textile Enterprise

Zhang Xiaoji:

honorable president Wang, I am very glad to be able to take part in today's event. My topic is "build a target=" _blank "href=" http://www.91se91.com/ "> textile < /a > new competitive advantage.

to talk about this matter, I think the textile industry, we always want to make this vein clearer. Textile "a target=" _blank "href=" http://www.91se91.com/ "> clothing /a > industry is exactly what kind of industry?

we talked about investment. The investment behind is the pfer of industries and the pfer of industries in history. Due to the low entry threshold of the traditional a href= "http://www.91se91.com/news/index_c.asp" > the textile industry < /a >, the threshold of capital technology is relatively low, and then it is labor-intensive, so the pfer of comparative advantage between countries and regions is relatively easy.

that is why, in the 70s, the developed countries made various agreements, that is, afraid of the pnational industrial pfer of the textile industry, and the excessive pressure of competition on their own textile industry, thus affecting their employment.

One of the biggest achievements of the Uruguay negotiation is to abolish the agreement and return to a P which is not subject to such quotas.

Our country is arguably the biggest beneficiary, and the global textile and garment industry is 1/3 of the market.

a large number is in our hands. Because there is no such agreement, it is relative to the free competition industry. The problem is coming. The former is the textile industry pferring to us and the order being pferred to us. Then, with the development of the market, with the change of comparative advantage, the competition that we are facing now is beginning to appear.

Including we say "go out".

What is the meaning of "P" > "going out", in fact, to some extent, it is also the outward pfer of industries. Then, when we are talking about investment, our enterprises, we think clearly, we can no longer live with orders. Now we can say that there has not been much loss of orders, but some of them have started to run away, and we still have the largest orders, so I say it is impossible for you to keep watch.

From a major point of view, the gradual pfer of industries, gradient pfer is an inevitable trend, so our enterprises must dare to do a thrilling jump, from domestic to abroad is a jump, from the manufacturing industry to the circulation of the field is also a dangerous leap, so for many enterprises are facing such a test.

I want to look at these figures from the perspective of trade. We all have courseware in hand. We can see that the pattern of Global trade has changed greatly since 05 years ago. Our country is the biggest beneficiary.

< < a href= > http://www.91se91.com/news/ > > textile > /a >, we separate the statistics of textile and clothing from the world trade organization. From the share of textile exports, we are growing very fast. Besides the European Union, the market share of other countries has changed, but it is not as obvious as ours. We can say that we are the biggest beneficiaries.

Of course, some of our competitors, some developing countries, have their potential advantages to some extent. In general, textile and clothing trade is increasing from absolute terms, but the proportion of Global trade in goods is still slowing down. Now it is less than 4%. This is also a general trend, because other products, from the value of trade, such as qualitative equipment, is very large in value.

After global manufacturing, it appears in the trade volume, plus the supply chain is relatively long, so the supply chain between countries is relatively long, so he will add the volume of trade, so the volume of textile trade is relatively low.

The export market share of clothing is also changing almost the same as that of the textile industry.

Our market share has basically expanded by three times in 2011, which is the general trend.

then the global textile trade is different from others. That is, demand and supply are highly concentrated industries. 80% of imports are concentrated in developed countries. Its import market is very concentrated, while exports are relatively concentrated. So Asia accounts for 57% of the world. The supply and demand of two are very clear, and the concentration is very high.

The export of textile industry in some countries is crucial to their entire trade, like Bangladesh more than 8% and Kampuchea more than 50%.

textiles and < a href= "http://www.91se91.com/news/" > dress > /a > different, some of the textiles are labor-intensive products. In fact, the situation has changed a lot in recent years.

80s, we went to the textile industry to see that there are many women workers in the cotton mill. Now we are looking at the textile enterprises, which is refreshing and can not see anyone. That is to say, on many products, the capital and technology intensity of enterprises is quite high.

If it is broken down, some industries will not be inferior to the capital intensive products of high-tech products and IT products that we are talking about.

when we do statistical analysis, we find that the two industries actually need to turn the textile into textile and clothing. Then, to the textile industry, the capital intensity is very high.

we have also investigated some enterprises, and the products they show us are very good products, technical content, what polymers, new materials and technologies adopted in the process are very cutting-edge.

so I think there may be a conceptual shift in this industry. Of course, all of you here are professionals in the industry. This is a better understanding of this industry. Of course, this has a lot to do with investment.

our textile products are both consumer goods and clothing materials. So when we invest, we also take into account the particularity. What are the main competitions that we are facing now?

everyone feels as if they are being forced now. We have to go. Where do the pressure come from?

When p was abolished in 2005, the International Trade Commission of the United States made an analysis. They thought that a large number of orders would be pferred to the Chinese market, and they were based on enterprise surveys.

the response given by the enterprises is not that China has absolute advantages in terms of cost, but that China's greatest competitiveness comes from its market size.

We can now get 1/3 of the market in the global market. In addition to our abundant labor force, we talk about the competitive advantage of cost. I think more is the promotion of China's Textile Industry Federation in recent years. It is also the trend of enterprises to adapt to the market trend, and the industrial cluster and supply chain. This makes our country's competitive advantage even more significant.

now we see that the increase in domestic cost is relatively fast. So what is the performance of the enterprises? We have also made investigations in many production areas in the coastal areas. The local government has told us that some small and medium-sized enterprises are mainly dependent on the cost of the enterprises, and there is not enough capital to upgrade the equipment. There are no brands that such enterprises can not afford to carry on. The local government also thinks that such enterprises can not afford 5% of the market price and the exchange rate adjustment. Even if the government helps you get through the difficulties, you will probably not be able to get through the next day, and maybe some of the small and medium-sized enterprises will be eliminated.

besides, we talked about competition from the demand side. Apart from the bad economy, there is another problem. Our products are relatively saturated in the market of developed countries. We also want to hope that the traditional products market can develop further.

So we can see from the statistics that there are some curves. After our growth rate went up, from the recent two years, two or three years, this curve started to climb from a relatively steep upward, and started to go smoothly. It has not yet come down, and the market share has not decreased.

"P >" World Trade Organization "he has a topic, we do global manufacturing of such a topic, all countries are involved in their digital textile industry, not only including textile and clothing, but also some other light industry, comparative advantage has been analyzed.

It can be seen that our China's advantages in this regard are quite obvious. But other countries, such as Kampuchea and Vietnam, have a higher advantage in this aspect than the US. Of course, we are only providing a reference for this value. It is not absolute competitiveness that is stronger than ours, but from his point of view, compared with other industries, or he is more dependent on the industry than other countries, he is taller than us.

Of course, after seeing, such as India, Indonesia and Thailand, including some European countries, the advantages of textile industry still exist.

third questions, about the choice of overseas investment, facing such a situation, where should we go and what we want to invest overseas?

I think it is almost the same as other industries going abroad.

1, cost oriented.

I hope to invest and build factories in low cost countries, improve their ability to receive orders, and use their own order and management capabilities to build factories there.

This is a way of doing things.

two, the pursuit of technology.

In the market segmentation, these former partners, contractors or suppliers, because we are a lot of orders production, OEM production, upstream or downstream, is selling products for us, or placing orders for us, or providing us with technology and raw materials.

To acquire them, we should establish R & D institutions and use overseas high-quality human resources.

we always say that we lack brand, technology and development is not enough. If we are only based on the domestic market, because if my products are overseas, I am only doing well in China. It is better to use their resources overseas. Because the content of textiles is too large, you have to adapt to local consumers, and the design in China is really not good.

three, market oriented.

Developing new markets in developing countries, establishing sales channels, processing production capacity, acquiring brands, and so on.

Just now, Minister Chen also said that the emerging market economy does have a great demand for its own market. Just now, the Secretary General of ASEAN also talked about this issue.

In fact, many countries demand for this aspect, and the market is also forming. We should not focus on the markets of developed countries and pay attention to the emerging markets.

we recently went to the developing countries to see that there is a demand in their own market, and when they develop their own industry, textile and clothing are relatively easy for them. The threshold is relatively low, so they also very much hope that Chinese enterprises will invest and help them develop their enterprises.

the last one is asset seeking, acquiring high-quality assets overseas.

This is a lot of cases. We are also exposed to such enterprises. For example, in Europe, in some developed countries, some family businesses who have been doing some garment industry for a long time, young people are not willing to take their parents' classes because of the replacement of old and new. Therefore, these enterprises also hope that someone can take them. Their only hope is that I think it is not just for money, but more hope that their business can continue. So some quality assets like this should also be considered by our enterprises.

there is a piece of information. What is the approximate wage difference between manufacturing operators and Bangladesh and Kampuchea? I have a figure. I think it is still of reference value to you. For example, the operator in Shanghai is 439 dollars per month. You can see this figure. Actually, the cost is still a lot worse. This is for reference. This is becoming more and more obvious.

we are the largest producer and exporter of the world.

But in the international market, the brand marketing network is also controlled by the multinational corporations in the developed countries.

Therefore, our "going out" is not only a passive approach, but rather an initiative.

we are actually maintaining the industry and continuing to develop. The key is that enterprises can "go out", from passive orders to going out to fight the market.

We really have 20 or 30 years to go out.

If we can't get out of this step, we will be eaten a little bit by ourselves, and the market will be lost.

some leading enterprises, seeing overseas low cost, and also have some sweet taste in overseas investment and factory building, nor have they left today. For many years, some enterprises have already gone out, but I think that compared to brands and marketing, you should change to a low cost place. If these problems are not solved, or the original orders, you just extend the life cycle of enterprises slightly, and the problem is still unsolved.

The idea is that enterprises are a choice. I think there is a better choice.

I think the value of M & a brand marketing in this field is greater.

Less than P, of course, the most valuable thing I think is to train a group of China's international textile people.

We are the largest producer and largest exporter in the world, but we are weak in terms of human resources, especially in terms of international business capability. When it comes to "going out", I am afraid that many enterprises are suffering from human problems.

If you want to go there, you will be marketing, organize them to discuss and innovate together. This compound talent is too short.

I think we can see some hope in some enterprises. Our Tsinghua University, including overseas students, will come to realize their dreams in some of our textile enterprises with high technical level. If they think they have something to do there, then we will be able to build up our textile and garment industry through such a group of enterprises and attract high-quality talents from all over the world.

thank you!

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Zhang Yankai:

next, we invite the inspector He Yanli of the national development and Reform Commission's Industry Coordination Division to give us a speech on "a href=" http://www.91se91.com > textile industry < /a > overseas investment ideas, policies and suggestions.

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ideas, policies and suggestions for overseas investment in textile industry: He Yanli, inspector of Industry Coordination Department of the national development and Reform Commission,

He Yanli:

distinguished president Wang, leaders and guests, good morning, everyone!

first of all, I am very glad to be able to participate in such an experience exchange meeting of "going out" in our textile industry, and I think this meeting is very timely and very necessary. On behalf of the national development and Reform Commission, I express my heartfelt congratulations on the convening of the conference.

the eighteen Party of the Communist Party put forward a more proactive opening strategy. We must speed up the pace of going out and enhance the internationalization of our enterprises. What is the current situation of our foreign investment? I want to talk about this first.

In recent years, China's non-financial foreign investment has entered an important stage of rapid development. P

In 2012, domestic investors made direct investment in 4425 overseas enterprises in 141 countries and regions.

The cumulative non financial investment amounted to 77 billion 220 million US dollars, accounting for about 6% of the total global direct investment in the year 1 trillion and 300 billion US dollars.

Compared with the 02 years, the growth rate of foreign direct investment in China is gradually decreasing from the current domestic level, while overseas investment is a trend of rapid increase.

through various types of overseas investment, the first is to ease the bottleneck of energy and mineral resources and make up for the shortage of important domestic resources.

two is to upgrade the technology and competitiveness of domestic industries, and many enterprises set up R & D centers overseas or acquire shares or assets of overseas high-tech and advanced manufacturing enterprises.

In a relatively short period of time, we have mastered the international advanced technology and effectively supported the domestic technological progress.

For example, WISCO, 260 million euros bought Krupp tailor welded projects, the world's leading ranks.

three is to promote the adjustment and optimization of industrial structure.

four promotes the internationalization of enterprises.

under the global background, the level of international operation of enterprises has an important impact on the comprehensive competitiveness of enterprises. For example, Shanghai Guangming group, which is closer to our light industry, originally used to produce dairy products. Now Shanghai Guangming group has started a series of mergers and acquisitions since 09 years ago. At present, it has acquired a 60% stake in a sugar company in Australia, which is mainly considered from the perspective of resources and closely related to their business. It has acquired 51% stake in New Zealand's second largest dairy enterprises and has become the largest overseas acquisition in the food industry.

By 2012, the pnational index reached 10.7%, according to sixtieth top 100 pnational corporations in 2012.

five is closely related to the economic exchanges between China and other countries in the world, and has played an important role in this regard.

from the current international environment of China's overseas investment, it faces both important opportunities and challenges. As the leaders and comrades mentioned above, we feel that opportunities are mainly in three aspects.

1, the world economy has been recovering slowly after a serious crisis. Many governments have welcomed investment from Chinese enterprises in order to boost economic recovery.

two is affected by the financial crisis. Many high quality enterprises in the world are facing difficulties in their operation. The willingness to pfer shares and introduce strategic investors is clearly strengthened.

three, with the enhancement of China's comprehensive national strength, its international position and influence have been greatly improved. Many countries have attached importance to developing cooperation with China in many fields. However, in the process of global layout, we are also faced with many challenges.

for example, first, the world economic recovery is weak, and the economic environment outside China is not ideal enough.

The two is the trend of protectionism.

Three, many overseas investments in China are distributed in developing countries such as Asia, Africa and Latin America. Some countries have poor policy stability, poor living conditions, weak infrastructure, and high security.

Four, the environment and customs of foreign cultures are different from those of China. The difficulty in dealing with local relations is also very large. We also have some problems in overseas investment laws, such as inaccuracy and integrity, inadequate strength of domestic enterprises and so on.

This is the first aspect.

Second, talk about some ideas of "a href=" http://www.91se91.com > textile industry < /a > overseas investment.

first, we must coordinate the two domestic and international resources, establish a pnational industrial chain, carry out the globalization of < a href= "http://www.91se91.com" > the layout of textile industry < /a >.

China's cultivated land and oil resources are very limited. Therefore, the development vision of the textile industry can not be confined to the domestic market and the industrial chain should be built in the global economy.

In recent years, cotton production in China has basically hovered around 7 million tons. Affected by the constraints of cultivated land resources, the domestic area has been shrinking, and millions of tons of cotton have been imported each year.

China's polyester industry, also known as the main raw material of chemical fiber industry, comes from crude oil, which accounts for a very high proportion of crude oil. However, China's crude oil has an external dependency of 57%, which is directly to 60%.

Therefore, those industries with relatively high international dependence should actively explore the construction of a pnational industrial chain, which refers to the demand of resources.

two is to pfer some domestic excess capacity.

to solve the problem of overcapacity is the focal point of advancing industrial structure adjustment at present and in the future.

This is very clear in the central economic work conference and the eighteen big ones.

And from now on, almost all of our manufacturing industries are overcapacity, and not just the five or six industries that the economic work conference points out.

In recent years, the problem of overcapacity has become increasingly prominent in China. Transferring excess capacity through overseas investment can not only give full play to the comparative advantages of China's textile industry, but also enhance the economic effects of domestic textile enterprises, and reduce the international trade frictions in a big way. P

For example, China's cotton and polyester fiber account for more than 70% of the world's total output. Therefore, we feel that our country's current fiber processing volume is much larger than the actual demand, and processing in our country is more than domestic demand and actual demand, including some exports.

So if everyone is squeezed here, a good company can not grow well, so we must digest a batch, pfer a batch, integrate a batch, eliminate a number of general directions, and actively export part of the excess capacity, so that China's textile industry can continue to develop, to high-end development, and form a healthy development of a good situation.

three, further raising the level of the textile industry and cultivating pnational corporations.

in fact, I think many of our textile enterprises are not inferior to light. Many of our textile groups are still very strong, so we need to consider the next development direction according to various factors of production.

Through foreign investment, technological cooperation and attracting foreign investment, we will further improve R & D level and innovation capability, and strive to cultivate a number of high-end industrial chain, global conglomerates of resource allocation, and further enhance the international competitiveness of China's textile industry, from big to strong.

At this point, the textile industry has developed to a new stage.

four, there are many bilateral free-trade agreements and investment protection agreements to be used.

now China has accumulated more than 130 investment trade agreements and more than 90 agreements to avoid double taxation, which can play the role of these agreements and agreements to promote the effective implementation of overseas investment. Others, such as clustered "going out" and strengthening our training of internationalized talents, are no longer mentioned.

Third, talk about the relevant policy measures, from the national level, "going out" policy measures.

one is to strengthen macro guidance and guidance.

2012, the general office of the State Council pmitted the guiding opinions on accelerating the fostering of new advantages in international cooperation and competition formulated by the State Council and the relevant departments. At the same time, I issued the plan for the utilization of foreign investment and overseas investment in 12th Five-Year. In the same period, the 12 departments of the Ministry of foreign affairs of the national development and Reform Commission formulated the implementation opinions on encouraging and guiding private enterprises to carry out overseas investment.

This implementation view is the first time that China has formulated and promulgated opinions to encourage private enterprises to invest abroad. It encourages domestic enterprises to carry out the integration of value chains worldwide, instruct enterprises to strengthen the prevention and control of overseas investment risks, and regulate enterprises' overseas operations. Therefore, as a textile industry, I have just said that I feel very good.

First of all, I talked about this big direction, planning, President Wang and Minister Chen. We should make clear the main direction and make better preparations for the next step.

two is to provide information support for enterprises to go out.

in recent years, the NDRC and relevant departments have organized and issued various types of country information and guidelines, and held investment forums and seminars.

We also encourage the support of the chamber of commerce such as China Textile Industry Federation. The chamber of Commerce has played a catalytic role. This role has indeed done a lot of work, so we will also strive to build up an information service platform for overseas investment to provide more effective support and services for all kinds of enterprises in China to "go out".

In future policies, such as our association, chamber of Commerce, or other relevant policies, we can actively provide relevant information.

three is to provide financial support policies for going out.

the development and Reform Commission and the China Import and export bank have established overseas investment credit mechanism. The export and import bank has arranged a certain scale of credit funds in the annual export credit plan according to the state's overseas investment development plan, which is referred to as overseas investment special loan, and is used to support key projects of overseas investment encouraged by the state.

Special loans for overseas investment enjoy preferential interest rates for export credit of the import and export bank.

Besides, P also strengthened communication and coordination with state-owned commercial banks such as ICBC and Bank of China, and encouraged them and their overseas branches to increase their support through various forms.

Besides, P and China Export and Credit Insurance Corp jointly established a risk protection mechanism for overseas investment projects, providing overseas investment risk protection businesses to overseas investment key projects encouraged by the state, risk assessment, risk control and investment insurance, and giving certain rates and preferential treatment to specific projects.

four is to simplify the approval process of enterprise going out.

in order to adapt to the new situation outside China, in 2011, the State Council approved the NDRC to invest the amount of US $3 trillion invested in the following resources development category, and the non resource development class accounting for less than US $100 million to the provincial department. This is the largest decentralization of overseas investment projects since the reform and opening up.

at present, I have initiated the revision of interim management measures for the approval of overseas investment projects, and strive to create a fair, standard, pparent and predictable policy environment for Chinese enterprises to invest in mergers and acquisitions and new projects.

Last year, we selected the provinces, cities and cities of Jiangsu, Beijing and Shanghai to carry out the pilot work of approval work. We put forward measures to further simplify the management of the urban area by reducing the declaration link of overseas investment projects above quota, simplifying local enterprises, large overseas investment projects, registering procedures, fully implementing local enterprises, approving and making profits, and so on. P

These work will be popularized throughout the country after a pilot summary.

finally, I believe that adhering to the principle of complementary advantages and common development, giving full play to the market mechanism, the main role and comparative advantage of enterprises, will surely enable China's textile industry with strong comparative advantages and competitiveness to continue healthy development in foreign investment, and play a positive role in realizing the grand goal of a well-off society in an all-round way and promoting the prosperity of the world economy.

thank you!

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Zhang Yankai:

Below P, Jin Mei, Deputy Secretary General of the monetary policy committee of the people's Bank of China, made a speech to us.

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(financial support for the internationalization of the textile industry) - Kim Mei, Deputy Secretary General of the monetary policy committee of the people's Bank of China,

Jin Mei:

Good morning, ladies and gentlemen, P, according to the arrangement of the meeting, I would like to give you a brief introduction to some policies and policies of cross border use of RMB. I believe these policies should help our enterprises to "go out".

I mainly talk about four aspects today: a policy framework for cross-border RMB business.

Two business development.

Three how to make good use of existing policies.

Finally, let's talk about the current situation and prospect.

the people's Bank of China was in July 2009, that is to say, after the outbreak of the international financial crisis, the pilot work of RMB trade in cross-border trade was carried out according to the demand of the market.

It is 2013 June, and so far, it should be said that it has been advancing for 3 years.

Over the past three years, we have made rapid progress in cross-border RMB business. Our policy framework is also constantly improving. So far, it has been divided into four aspects: trade, investment, financing, and some innovative pilot projects, as well as some supporting policies.

cross border RMB business should be said to be a new business. Then three guiding principles were designed at the beginning of the policy design.

First, adopt market-oriented management rather than plan management.

Two, what foreign exchange can do, the renminbi can do.

Three, trade settlement is done first, then RMB's direct investment and financial investment are carried out.

Below P > let's look at some policies in trade.

P > trade, from now on, there will be no restrictions on the pilot list of enterprises, nor will there be territorial restrictions or territorial restrictions.

So far, we have been able to settle accounts in RMB with more than 200 countries.

I would like to mention the negative list system of export enterprises.

This is also called the list management of key supervision enterprises. We have no restrictions on the calculation of RMB. The key regulatory enterprises refer to enterprises that are serious in breaking taxes and evading taxes, and they can do it, but they will be under strict supervision.

in terms of investment, investment can now be done, RMB direct investment, we also call RMB ODI, foreign invested enterprises can also use RMB to invest in China, we call RMB FDI, if you have RMB funds abroad, you can also invest in China's bond market, or invest in our stock market through RQFII.

Below P, let's take a look at some policies of cross-border financing.

this is what our entrepreneurs are very concerned about.

first is trade financing, and now it can also provide trade financing with RMB, and the finance of trade financing is limited by the amount of trade contract and is not included in the management of current foreign debt.

two, project financing.

Domestic banks may issue Renminbi loans for projects and enterprises invested overseas by domestic institutions.

three, overseas loans.

Foreign invested enterprises within the territory may borrow Renminbi from banks, shareholders and affiliates outside China, of course, within the scope of the difference between the foreign currencies and the foreign currencies.

below is an introduction to the pilot project of innovation.

three pilot projects are very interesting and very interesting. One is in September of last year, the Shanghai headquarters of the people's Bank of China experimented with RMB yuan pools to relax business overseas, allowing enterprises to issue Renminbi loans to overseas enterprises within a certain amount of assets pool.

Two, in December 2009, we all know that Qianhai, in the "Interim Measures for the management of cross-border RMB loans in Qianhai" detailed rules, in Qianhai pilot Shenzhen Hong Kong two-way cross-border RMB loans.

besides, there are also some supporting policies.

first, clearing channels.

There are five ways of clearing.

One is the correspondent bank, the other is the clearing bank, the clearing bank, the NRA, the non resident account, and the RMB cross-border payment system.

Second, it is a direct listing of non international reserve currencies. These currencies can be traded directly in our interbank foreign exchange market, forming a direct exchange rate rather than the US dollar.

Third, monetary cooperation.

So far, the people's Bank of China has signed a currency swap agreement with the Central Bank of 20 countries or regions.

Fourth, support the construction and development of RMB offshore market.

below, let me introduce to you which currencies we can directly trade with.

These are non international reserve currencies, including won, Kazakhstan and so on.

"P > RMB offshore market construction, we all know that Hongkong's offshore RMB market is developing very fast. Besides, there are many RMB products on the Hongkong market. You can carry out RMB financing in Hongkong, you can also invest in some of the RMB products in Hongkong. Besides Hongkong, we now have faster development of RMB offshore market in Singapore, London, Tokyo, Taiwan and so on.

below, let us introduce some recent developments in cross-border RMB business.

From 1 to May this year, the total settlement of cross-border RMB business was 1 trillion and 700 billion yuan, an increase of 81% over the same period last year, which is growing very fast.

The amount of trade settlement accounts for 11% of the total import and export volume of Customs goods in the same period, an increase of 2.6 percentage points over 2012.

look at this map. It is also very interesting. This is the situation of RMB cross-border payment and distribution in other countries. The first place is Hongkong, which accounts for 58%.

Second is Singapore, accounting for 9.2%.

The third is Taiwan.

in terms of investment and financing, from 1 to May this year, the settlement amount of RMB ODI was also close to 15 billion yuan, and the settlement amount of FDI exceeded 12 billion yuan. By the end of 5 this year, the RMB loans for overseas projects were over 100 billion yuan, and the balance of project loans was 42 billion 400 million yuan.

how to make good use of the existing policy, which has been mentioned in the previous policy. You need to understand the settlement of goods trade, service trade and other projects, which can be settled in RMB.

Second, foreign direct investment.

Third, overseas investors can use Renminbi to invest directly in China.

understand the channels for overseas enterprises to obtain RMB funds.

RMB can be obtained through trade settlement, or RMB financing can be applied to settlement banks in China.

Third, purchase or exchange from overseas banks, or borrow renminbi, or borrow Renminbi from shareholders or affiliates.

Fourth, issuing Renminbi bonds abroad for direct investment.

in addition, understand the channels for overseas institutions to obtain RMB. For example, I have accumulated a lot of RMB in my hands now. How can I use it? One is for trade payment, the other is for direct investment within second Chinese territory.

Third, purchase Renminbi bonds or other financial products in areas such as Hongkong and London.

Fourth, invest overseas in China's interbank bond market.

In addition, Renminbi funds can also be used in accordance with local regulations and market factors.

What are the advantages of "P >" using RMB for settlement? First, it can effectively avoid the loss of the exchange rate, and now the settlement procedures are very convenient, the process is very simple, can save the cost of operation, we have also done some case investigation, from the enterprise cross-border payment in the use of the situation to do a comparison, in general, the RMB settlement cost is lower than the foreign currency settlement cost, there are some data in the courseware, everyone can go to see.

"P". Finally, the current situation and prospects are discussed.

"P" first talks about the exchange rate situation of the RMB.

this is the concern of all of us. Exchange rate also brings new challenges to enterprises.

The second aspect is about the direction of financial reform.

We should pay attention to what should be done in the near future in finance. This may also help us to "go out" investment. Finally, I will talk about the next step of cross border RMB business.

The current situation of RMB exchange rate has two characteristics.

The trend of two-way fluctuation is very obvious when the level is approaching the equilibrium level.

Second, the short-term market volatility will further increase the risk.

There are some figures and figures which are not specific.

What challenges do the new situation of foreign exchange bring to our enterprises? A lot of distinguished guests have mentioned three points. We have also summed up the following three points.

One is that it is more difficult for enterprises to use financial instruments to avoid risks.

Second, when the two-way volatility expectations are more obvious, the bargaining between enterprises and overseas buyers is more difficult.

Third, the fluctuation of the exchange rate in the inter-bank foreign exchange market has widened, resulting in the double fluctuation of the domestic bank's selling and selling price to the customers, and the difficulty of preventing and avoiding exchange rate risk has increased.

below, let us introduce some products of the current RMB exchange rate risk avoidance for banks. One is a capital product. This product company can represent foreign exchange derivatives such as RMB remittance and time pfer, represented by forward settlement and sale.

Second, financing products.

Third, the products of the settlement class can be settled in Renminbi in the import and export trade, and the exchange cost of foreign exchange products can be omitted.

how to actively deal with exchange rate risks? Now banks have some products that are safe from the RMB exchange rate, which are developing faster, but there is a certain gap from the needs of enterprises.

In fact, our enterprises can also further require banks to increase the R & D and innovation of hedge products for RMB exchange rate, and enterprises can also use Renminbi to calculate and settle accounts.

Below P, let's take a look at the direction of financial reform in our country.

first we recommend that the people's Bank of China has a "report on China's monetary policy implementation", which also contains some directions.

I picked up a paragraph, the first section of the first quarter of this year, to introduce to you, next we have three aspects: first, the marketization of interest rates, the reform of the RMB exchange rate formation mechanism, and the convertibility of RMB capital items.

In addition, we should further promote the development of RMB to other currency trading markets and better serve the development of cross-border trade RMB settlement business.

we have the following considerations on cross-border RMB business itself.

On the whole, it is necessary to expand the use of RMB in cross-border trade and promote trade and investment liberalization and facilitation.

There are five aspects.

First, we should continue to improve the policies of cross-border RMB business, including simplifying the settlement procedures for cross-border trade, and encouraging enterprises to make payments in Renminbi.

Second, we should improve the RMB global settlement system and support the recycling of RMB outside China.

Third, we should vigorously promote the renminbi as the currency of valuation.

Fourth, we should study cross-border RMB business.

Fifth, we will continue to support the development of quite equal Renminbi offshore market.

finally, I would like to recommend two books to you. Because time is very limited, we can only give a brief introduction, one is the cross border trade RMB settlement pilot policy and practice, and the right is "cross-border investment and financing RMB business policy and practice".

I participated in the meeting, and I also brought two sample books, which have been given to the meeting group. If you are interested in these policies, you can go to the meeting group to read these two books. Besides, if you want to have some specific policies, or some operational problems, you can contact the branches of the people's Bank of China across the border, and they will provide you with very detailed and very good services.

thank you!

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Zhang Yankai:

below, we have invited deputy director Yu Tao, deputy director of the operation and monitoring Coordination Bureau of the Ministry of industry and information technology, to give us a report, welcome.

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thinking on the trend of foreign investment in textile industry: Deputy Director of operation monitoring Coordination Bureau of Yu Tao Ministry of industry and information technology

Yu Tao:

distinguished president Wang, distinguished president Zhang, ladies and gentlemen, good morning! Thank you very much for giving me a chance to learn from China Textile Industry Federation. I will work together with entrepreneurs and representatives from the "a href=" http://www.91se91.com "textile industry < /a" from the whole country to explore and discuss the strategic issues of textile enterprises going out in the new situation.

below, I would like to talk about some personal views for your reference, because time is very limited and very limited, so I just want to throw some of my ideas here for criticism.

I personally believe that if we look at it from two angles, it may be more realistic and strategic to study this problem. First, we should look back at the path we have taken in the textile industry after 30 years of reform and opening up and ten years of accession to WTO.

Second, from another angle, how can we look at this problem under the new trend of globalization today?

I personally believe that since the reform and opening up, China's textile industry has been sharing the bonus of joining the WTO in the process of "going out" and sharing the dividends of globalization. This is also mentioned by Minister Chen Jian when he talked about it.

what we call "going global" here is the product export and product export.

For example, the 80s of last century is a critical period for the reform and development of China's textile industry. In order to promote the reform of state-owned enterprises, the whole country has implemented the "downsizing and reducing efficiency" of the textile industry. In 2000, the whole industry realized a preliminary increase in losses and gains, and the capacity was gradually released.

The entry of P into 2001 is another opportunity and challenge for the industry.

On the one hand, we have opened up unlimited space for development and reduced all kinds of barriers in order to achieve the goal of increasing profits and losses.

But on the other hand, the accumulation of market competition and preparation restrictions also pose new challenges for our products to go out.

But it should be said that in the past ten years, China's textile industry has indeed responded to the challenge. It is complying with the trend of globalization, making effective use of China's manufacturing, processing China's comprehensive advantages, organizing product exports, opening up the international market and attracting worldwide attention.

I have several figures, for example, in 2001, the total output value of our textile industry increased by 5.29 times compared with 2000, and the total profit increased 13 times than that in 2000.

Our textile and apparel exports in 2012 reached 254 billion 900 million, an increase of 23.4% over 2010, while the structure of the products further improved. The proportion of processing trade exports increased from 55% to 74.4%, and the proportion of processing trade dropped further. Meanwhile, the proportion of China's textile and garment exports increased from 14.7% to 33% in 2010.

it can be explained that if we conform to the current trend of globalization and respond to the current challenges with such an open mind and global thinking, we Chinese enterprises will be able to win the future development space.

This is a question to look at in the past.

in addition, from the point of view of the future, just now the distinguished guests have talked about the financial crisis. I think indeed, since twenty-first Century, we should say that the international financial crisis is the time node of various industries, especially China's industrial development. Our bureau is responsible for the Ministry of industry and information, and has deeply felt several points from our work to participate in the changing bilateral negotiations.

1, all the guests have also talked about the changes in the production pattern of the whole world after the financial crisis. This change is the two trend.

the first trend, as we all see, the Reindustrialization of developed countries, including the United States, Europe and the United States, may bring some key technologies and products back to China, and at the same time, it will increase control over China's exports.

This is on the one hand.

On the other hand, on the other hand, all countries, based on this comparative advantage, may lead to some labor-intensive industries, for China, to pfer to other regions and countries which have more comparative advantages, such as Vietnam, including Indonesia and so on. Trade pfer is related to industry. Therefore, this global change will have a great impact on China's export led country, which is a deep understanding of P.

two, the current struggle for rulemaking is more intense.

because after the financial crisis, the economic competition among countries is more manifested in the competition of such rules. Some comrades have also mentioned that regional rule negotiations have also increased their fight for power.

you, for example, TPP, why do you attach so much importance to rules? I think it is inseparable from economic interests. For example, we are talking about Sino US BIT negotiations. We also see the text, which involves labor and environmental protection.

There are also problems of state-owned enterprises. Many standards are very high here, so if these standards are accepted, they will be a challenge to the development of our own enterprises, and it is also a challenge for us to go out. This is something that everyone should pay attention to.

In addition, the development of China's economy in the past decade has become an economic power, including our current trade frictions, and the attention of various countries to China's policies. Especially, the textile industry is one of the industries that all countries are very concerned about. This reflects the trend of P.

three, now after the financial crisis, this trend was accelerated before the financial crisis, and gradually accelerated in the process of globalization, including the financial crisis.

That is, the role of multinational enterprises in the integration of global value chains has been further strengthened, which is manifested in the specialization of international division of labor.

The value chain is becoming more and more diversified, and the intra organizational trade has expanded significantly.

Why is it called organized trade? For example, Samsung and Samsung can use China and South Korea to make use of different production links and use two countries to import and export continuously to realize the appreciation of value, so this trend poses great challenges and impacts to our traditional customs trade area.

> therefore, considering the above factors, I think we should pay attention to several problems in the study of the textile industry's implementation of going out.

first, we hope that the enterprises going abroad should improve the level of application policy.

For example, we have already signed 11 free trade zones, such as clothing textiles, a target= "_blank" href= "http://www.91se91.com/" > shoes "/a" hat, which are all the main products of our country, and also the key products of foreign countries asking us for price. We also strive to cut down the tariff of import host countries through such negotiations, and create conditions for enterprises, so I hope that enterprises will pay attention to this result and facilitate arrangements.

Second, enterprises should set up the concept of global allocation of resources.

China's current labor dividend, resource dividends, including capital dividends have been rampant, so we must establish a global concept to explore the market, learn to use two markets, two resources to support the development of enterprises.

Third, to strengthen the linkage between government and industry associations and enterprises, there are several ways to form a linkage mechanism between government and industry associations, industry associations and enterprises, such as coping with trade friction, implementing enterprises' "going out" services, helping enterprises develop new markets, listening to the demands of enterprises, and so on, to form an overall working system supporting enterprises' "going out" and creating a good external environment.

During the period of "P", the Ministry of industry and information technology is also working hard to study supporting enterprises, especially industries. Some of our industries that have some structural adjustment tasks are "going out" and are formulating relevant policies and plans.

there is still a job for the industry association to enhance the sense of service, for example, to strengthen the forecast and warning of the global textile trade, and to strengthen our research on the policy of the main target countries in the future industry.

For example, the United States, there are some differences between his state and federal laws. How to serve the enterprises well should carry out some targeted services.

besides, some guests have mentioned that our enterprises must strengthen their own team building, cultivate and create an international relations talents and team to adapt to globalization.

above are my personal ideas. Please criticize and correct me. Thank you!