China Will Accelerate The Investment And Development Of The Textile Industry Along The Way.

Gao Yong, Party Secretary of the China Textile Industry Federation, said recently that China will accelerate the investment and development of the textile industry along the belt, and guide enterprises to take the initiative to "go global" in the layout of the global production chain through co-ordination of layout planning and the establishment of an international platform for the multilateral textile industry.

Gao Yong made the above statement recently in the 2019 textile industry "one belt and one road" conference held in Suzhou.

Gao Yong said that in recent years, China Textile Federation has effectively promoted the recognition of the investment environment of textile and garment enterprises and contributed to many overseas investment projects by establishing a multilateral international exchange platform and holding a key country investment promotion conference. Through the "going out", the textile industry carries out investments and mergers and acquisitions in the upstream and downstream industries, such as high-quality resources, advanced R & D capabilities, technology and terminal channels, so as to effectively reduce production costs, resist disorderly competition and gradually form new advantages.

China Textile Union data show that in the past 2015-2018 years, China's textile and garment industry has accumulated about 80% of the total investment in the industry along the "one belt and one road" area. The textile and garment industry has become a pilot and exemplary industry in the "one belt and one way" initiative.

Gao Yong said that the future China Textile Alliance will strengthen the docking with the "along the way" countries and related areas, accelerate the promotion of the textile industry's "one belt and one way" investment, and promote the international production capacity cooperation in the textile field.

In addition, the Ministry of industry and Commerce will strengthen the international production capacity cooperation in the manufacturing sector, especially in textile, building materials and other fields, and promote the construction of overseas cooperation parks.