Facing The Challenges Of Economy And Innovation, How Can China's Textile Industry Break Through?

At present,

China

It is also facing new opportunities and challenges.

On the one hand, the world economy has accelerated recovery since the beginning of this year, and the domestic economy has been improving steadily, creating a relatively good market demand environment for the export of China's textile and garment industry.

And laid a good foundation.

On the other hand, facing the complicated international trade environment,

On 27-29 September, 2018 China International Textile

(Qiu Dong)

(hereinafter referred to as Intertextile autumn winter noodles Accessories Exhibition) opens at the National Convention and Exhibition Center (Shanghai).

Huang Renyong, the Shanghai Jinlin Textile Industry Co., Ltd. told the "China made news" reporter, compared with previous years, fewer foreigners were attending the exhibition this year, and a lot less.

Coincidentally, Li Zhengqing of Han Bo (China) Limited has similar feelings.

"This time the exhibitors mainly come to Jiangsu and Zhejiang provinces, compared with the number of exhibitors from the Pearl River Delta region, especially in Shenzhen."

Li Zhengqing told reporters.

Sino US trade friction is an important reason.

Yu Xiaohong, an information analyst at JOYOU, said that China is the largest exporter of textiles and clothing. Its textile and apparel exports account for about 13% of China's total foreign trade.

In 2017, China accounted for 15.5% of the total exports of textiles and clothing to the United States.

With the uncertainty of the trade environment, tariff barriers have increased and Chinese textile products are more dependent on exports.

It is also hard to avoid being hit.

Reporters access to data found that in recent years, China

The labor cost is on the rise.

In 2014, China's labor cost was 3 times that of Vietnam.

According to a report released by DDT, the labor cost in China increased 5 times between 2005 and 2015. According to the research results released by the global economic research institute and the Oxford Economic Research Institute of the government business consulting agency, the labor cost of China's manufacturing industry is only 4% lower than that of the United States, and far higher than that of India.

In addition, consumer preferences also have a certain impact on the development of China's textile industry.

In recent years, the volume of textile business pactions has increased year by year, but it has been growing feeble.

In the face of the above situation, how should China's textile industry break?

A number of manufacturing experts told reporters that although the Sino US trade friction has caused a great challenge to China's textile industry, the price or price of Chinese textile and clothing has been suppressed.

But China is still the largest exporter of textiles and clothing, and the future development of China's textile industry is still worth looking forward to.

Some analysts pointed out that Sino US textile trade friction had a long history, and did not obstruct the development of China's textile industry in the most difficult time, but accelerated the upgrading of China's textile industry.

Faced with this situation, China's textile manufacturing enterprises should accelerate the pace of pformation and upgrading, strengthen and expand, look for the major trend, innovate continuously, and enhance the ability to resist risks.