Taiwan: Avoid The Sino US Trade War And Lose Money And Join The Textile Industry In The New South Direction.

With the government's "new south direction policy", the input-output banks will help domestic manufacturers advance to the New South oriented countries.

The director of the Bank of communications pointed out that the textile industry has always been a strong support industry for silver pportation. The loan and output insurance provided by the textile industry account for a high proportion of silver pportation. With the active layout of Southeast Asian manufacturers in Taiwan, the manufacturing base will be moved out and vertically integrated with the supply chain. It is estimated that the new blue ocean of the textile industry will be re established in 2019.

The chief executive said that the textile industry was the main source of foreign exchange earnings in Taiwan. In the second half of 2018, influenced by the Sino US trade war, the international clothing brands had already turned the tables to avoid trade wars and the mainland has been moving to East and South Asia because of the rapid development and high wages and environmental protection.

Silver has helped many manufacturers to invest in New South market and invest in New South area. Recently, it provided funds for Dadong textile and Fu Ying technology company to invest in Vietnam and India.

Dadong textile was established in 1958. Its business scope is two categories of spinning and cloth products. It is a professional manufacturer of OEM/ODM's product design, R & D, manufacturing, sales and trade. It is a specialized manufacturer with vertical integration capabilities. It was founded in 1978 and applied to textile, dyeing, finishing, leather, electronics and other special industrial chemicals. It is the leading brand of Taiwan special chemicals.

Since the "new south direction policy" was put forward in September 2016, the government has been using the policy of "silver export" and "export financing and guarantee", "overseas investment financing", "financing and guarantee of overseas construction projects", "pfer financing" and "export insurance".

Statistics showed that in 2017, the amount of new south direction credit and insurance was 42 billion 928 million yuan, and grew to 48 billion 488 million yuan in 2018.

The director of pportation said that in the future, similar achievements sharing meetings will be held for other industries in the future. It is hoped that through years of experience, we can share the experience of New South to market investors who invest in the field, and serve as an important reference for the new south direction policy.