New Challenges Faced By China'S Textile And Apparel Industry In 2016

China's economic development is facing a new normal.

No exception.

Last year, China's textile and garment industry was affected by the domestic and international situation, and there were various pressures such as the weakening of market demand, the increase of comprehensive cost, and the large difference between inside and outside cotton. However, the overall smooth operation of the textile and garment industry continued to steadily promote pformation and upgrading.

Among them, the first three quarters of China's textile and clothing to the United States

It maintained a sustained and steady growth, while the four quarter's exports to the United States narrowed significantly.

According to the analysis, the main reason for the rapid decline in China's textile and clothing exports to the US is that the low cost countries such as Southeast Asia exported to the US rapidly.

Meanwhile, China's textile and garment exports to the EU fell 9.43% in 2015.

In the main export cities to the EU, only Guangdong maintained a small increase.

From the perspective of China's textile and apparel exporting countries to the EU in 2015, Britain, Germany, France, Spain, Italy and Holland are China's main export markets to the EU, accounting for 2/3 of the EU market.

Among them, exports to the UK increased by nearly 8%, while the remaining 5 countries fell respectively.

Over the same period, in the other 22 EU countries, China's textile and apparel exports to Finland and Estonia increased rapidly, while exports to Greece, Slovenia and Austria increased slightly.

With the shift of the global economic center, it is bound to bring about the formation of new consumption groups and new consumption markets. At the same time, it will bring about a series of changes in the layout of productive forces. Textile and garment enterprises should also focus on the shaping of core competitiveness in the medium and long term, and some international markets in the domestic market.

Enterprises conduct benchmarking to identify gaps.