China'S Textile Industry Leveraging The "One Belt And One Way" Strategy To Speed Up The Internationalization Layout

International trade policy reform is reshaping the global textile supply chain, China.

The development of the industry is facing greater challenges. "

Recently, Wang Tiankai, President of China Textile Industry Federation, said in Shanghai.

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"The strategy has entered the stage of implementation. It has become a hot topic in China's textile industry to speed up the global layout and create new advantages in international competition.

2014, Chinese textiles

Exports of US $298 billion 400 million continue to remain the number one place in the world.

However, the comparative advantages of China's textile industry are being weakened by factors such as labor force, higher energy cost and exchange rate fluctuations.

"From 2009 to 2014, Vietnam's textile exports grew at an average annual rate of 18.6%, more than 6 percentage points over the same period in China."

Wang Tiankai said.

It is understood that at present, the European Union and Japan have accelerated the pfer of some international orders to the above countries by adjusting tariff policies to zero tariffs or preferential tariffs on textiles and clothing products such as Kampuchea and Burma.

McKinsey consulted recent surveys of 40 brand clothing companies in the United States and Europe, indicating that Bangladesh, Vietnam, India, Burma and Turkey become the preferred places for procurement pfer.

The backwardness of these countries has also attracted the attention of Chinese enterprises.

Because the construction of "one belt and one road" is in line with the trend of pnational pfer of some of the capacity of the textile industry, the internationalization layout of China's textile industry has also been fully developed.

"Every day in the office to read maps, see which country has investment opportunities."

Qiu Yafu, chairman of Shandong Ruyi group, said that from Australia's Kapp cotton field to the British Taylor wool spinning, Ruyi group's overseas investment runs through the entire industrial chain.

As an important item in the Sino Pakistani economic corridor, the Pakistan 2014 ICBC Ruyi textile clothing park is now under active construction.

Tong Jisheng, chairman of Shanghai Textile Group, said that the mature technology and global marketing network accumulated over the years made the textile industry one of the most potential industries in China to "go out".

Especially the countries along the "belt and road" are currently in the take-off period of consumption capability, which has brought good opportunities for Chinese textile enterprises.

This year, Shanghai textile joint Xinjiang production and Construction Corps invested 1 billion US dollars to build a new textile industrial park in Sultan, Africa, covering 100 thousand hectares of cotton cultivation and 300 thousand spindles production capacity.

"Including raw materials, we will lay out five major bases in overseas manufacturing, sales, design and supply distribution, and ultimately integrate global resources and China."

Tong Jisheng said.

According to Chen Zhong, director of the Ministry of foreign investment and economic cooperation of Ministry of Commerce, according to incomplete statistics, as of the end of 2014, China's textile and garment enterprises set up 802 enterprises overseas, and accumulated 4 billion 10 million yuan of foreign direct investment stock.

Compared with the huge textile production capacity in China, the space for Chinese enterprises to go abroad is still very large.

"Going global" and "internationalization" are means, not goals, to serve the core competitiveness of enterprises.

When we go out, we should pay attention to calculating the comprehensive cost and giving full play to the advantages of the investment destination.

Wang Tiankai said.

According to WTO data, it can be predicted that "China + Southeast Asia" will continue to play a central role in the world textile supply chain in the medium term.

Such as Tianhong, Bailong East and other Chinese textile enterprises have invested about 2 million spindles spinning projects in Vietnam.

Although the distribution of pnational productivity has been broken down, Wang Tiankai believes that the gap between China's textile and garment enterprises and Japan's UNIQLO, Spain ZARA and other industries has not narrowed.

Chinese enterprises still have a long way to go to cultivate global brands and occupy the high-end value chain.