India'S Vietnamese Textile And Garment Industry And China Will Have Some Competition In Export.

China Textile chamber of Commerce said at Canton Fair that from 2014 to September, China's textile and clothing trade reached 30 billion 910 million (US dollars, the same below), and China's textile and garment exports accounted for about 36% of Global trade.

but

India and Vietnam will seize the share of China in the next ten years, and China's garment industry must accelerate its pformation.

China Textile chamber of Commerce pointed out that the characteristics of China's garment and textile industry in 2014 were:

First, the stability of the internal and external environment, the smooth growth of textile and clothing exports;

The two is the growth of exports to the European Union and the United States, the continued downturn in exports to Japan, the steady growth in exports to the United States, and the rise in the volume of clothing exports.

Three is the simultaneous growth of exports of textiles and garments, but the price of cotton products has dropped.

The four is textiles.

Decline in clothing imports and prices;

Five, the decline in cotton imports is obvious, the difference between inside and outside cotton prices is narrowed, and the price of Khmer cotton is hard to sustain.

On the other hand, according to WTO data, the growth rate of textile and clothing exports in Vietnam and India over the past three years has been higher than the average growth rate in the world and China.

The textile chamber of Commerce said that during the Canton Fair, it was informed by the exchange of business associations and purchasers such as Vietnam and India that these countries wanted to seek more opportunities for development through the adjustment of China's industrial policy and develop textile and garment industry to solve their domestic employment.

Although China's textile and apparel

It accounts for about 36% of the world's trade, only 4% of India, and only 2% of Vietnam. But it is estimated that some share of China's share will be seized in the next ten years.

It is estimated that in 2017, India's textile and clothing exports and domestic demand will reach 180 billion yuan, direct employment will increase by three million, and indirect employment will increase by more than four million.

Vietnam and other ASEAN countries are seeking investment from the United States to seek American help through the TPP (p Pacific Partnership).

China Textile chamber of Commerce estimates that China's textile and garment industry in the medium and short term still ranks first in the global competitiveness. However, it calls for fierce competition and foothold in itself, resolutely pforming and upgrading its development strategy, developing its own brand, expanding export base construction and accelerating the process of going out.