Why Can China'S Textile And Garment Industry Grow Counter?

Customs data show that in the first 4 months of this year, China's electromechanical products exported 2 trillion and 390 billion yuan, down 2.4%.

In the same period,

Exports 288 billion 260 million yuan, an increase of 1.7%.

Export 215 billion 200 million yuan, an increase of 5.1%.

According to the economic prosperity index of the first quarter of 2016 compiled by the National Bureau of statistics, China Economic Prosperity Monitoring Center, the industry with relatively fast profit growth is related to consumption upgrading related textile and clothing, furniture and so on.

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In the first quarter of this year, the main business income of garment industry increased by 6% compared to the same period last year.

Why can China's textile and garment industry grow counter?

First of all, Chinese textile and garment enterprises attach importance to innovation.

China already has the largest textile industry in the world. The output of the textile industry has exceeded half of the world's total output. However, the share of textile and clothing products in the European and American markets is close to the ceiling, and the road of quantity expansion is narrowing and narrowing, so we must turn to high quality and high price.

Guangdong Yida Textile Co., Ltd. has been upgraded from a traditional textile factory to a high-tech enterprise by full innovation.

Mao Zhigang, director of excellent engineering department of the company group, said that in the process of the massive use of robots, the 285 employees were creatively designed and manufactured, and 183 patents were obtained.

Last year, the company's sales volume reached 5 billion 600 million yuan.

Jiang Songyun, general manager of Quanzhou Shanghe import and Export Co., Ltd. said that because of its strong sweat absorption and breathability and thin fabric, a sportswear produced by the company is very popular in the foreign market.

"Upgrading the technological content of products has become an effective way to enhance competitiveness."

At present, many Chinese clothing brands have entered the international high-end market.

Such as: Jiangnan Buyi has set up 38 stores in more than 10 countries and regions such as Japan, France, Russia and so on. Bosideng sells in more than 400 middle and high-end brand collection stores in 8 countries.

Secondly, the new business mode of "Internet +" enables China's textile and garment industry to stand on the new outlet.

Xia Lingmin, vice president of China Textile Industry Federation, said that e-commerce is one of the most powerful engines for China's textile and garment industry.

In 2015, China's textile and apparel e-commerce pactions totaled 3 trillion and 700 billion yuan, an increase of 25% over the previous year, accounting for 20.56% of the total e-commerce pactions in the country.

"Net red economy is forcing the pformation of the textile and garment industry."

Galaxy Securities researcher Ma Li believes that the new business mode of social traffic realisation and sales is gradually taking shape.

Before large-scale production of goods, net red can test the market reaction of different styles of clothing by collecting opinions from fans, which will also enhance inventory management and reduce waste.

Third, China's textile and garment industry is more flexible in the allocation of domestic and international market resources.

As the main cotton producing area in China, Xinjiang is no longer willing to be a raw material base. Since 12th Five-Year, high-quality cotton resources, preferential policies and location advantages have attracted the focus of many textile and garment enterprises in the West.

Last year, Xinjiang's textile and garment industry fixed assets investment of 31 billion 790 million yuan, an increase of 231% over the same period, more than 380 new textile and garment enterprises.

In recent years, as China's labor and land costs have increased year by year, the textile and garment processing industry has been pferred to countries with relatively low cost.

In this regard, the cooperation needs of all countries along the route are quite strong.

The strategy of "one belt and one road" provides a good opportunity for enterprises to better carry out international layout, seek breakthroughs and mitigate risks.

Wang Tiankai, President of the China Federation of textile industry, said that on the basis of docking cooperation, all countries along the route could promote the common development of the industry and upgrade the structure.

Zhan Lingzhi, former chairman of Anhui Huamao Group, believes that textile and garment enterprises are not only affected by the domestic market cost and other factors, but also a requirement for China's textile and garment industry to allocate resources reasonably and make it bigger and stronger internationally.