After Kampuchea Donated 300 Thousand Masks, China Will Give Priority To The Supply Of Raw Materials For Textile Industry? Vietnam Is In Urgent Need

As we all know, there has been a large supply gap in China's mask market recently because of the need to prevent and control the epidemic. In this case, many countries around China have donated masks to China, including Kampuchea. According to the latest reports from Vietnamese media, after knowing that Kampuchea's textile raw materials supply is in short supply, China may give priority to raising raw materials for Kampuchea. After hearing the news, Vietnam, which is also short of textile materials, is anxious.

As we all know, the supply of mask market has not been satisfied in China in the past 2 months due to the need to prevent and control the epidemic. After learning of this situation, many countries around the world have taken actions to provide China with help, which includes developed economies such as Japan and South Korea, as well as developing countries such as Pakistan and Kampuchea.

According to the latest reports in the Cambodia times, Kampuchea has donated 300 thousand medical masks and a number of protective clothing to China in March 2nd to help China fight the epidemic. The country also said that although these donations were relatively small, they were all donations from the heart of Kampuchea. The country also said that although Kampuchea is not rich, the people of the country are sincere about their friends, and hope that these materials will contribute to China's fight against the epidemic.

There is an old saying in China: "a friend in need is a friend indeed." For Kampuchea's action, China responded that it is difficult to block the mutually beneficial cooperation between China and Cambodia in the 2 countries. As a matter of fact, China has always emphasized mutual benefit and win-win situation. The textile raw materials in Kampuchea are also facing the problem of supply shortage when the masks are sent to China.

According to Vietnamese media reports on March 1st, after learning that a number of textile mills in Kampuchea were declaring a shutdown due to lack of raw materials, the Chinese Chamber of Commerce has said that China may supply raw materials to Kampuchea immediately, so that the country's textile mills continue to produce. It is reported that due to the closure of many textile factories in Kampuchea, thousands of workers are threatened with unemployment.

Kampuchea forecast that if the problem of supply of raw materials can not be improved in March, there will be about 30 thousand -9 workers will face unemployment. In early February this year, the Kampuchea Garment Manufacturers Association revealed that more than 60% of the raw materials used by its clothing and textile factories were from China. At present, the country has sent a signal of assistance to China, and the Chinese Chamber of Commerce has also indicated that it is likely to give priority to providing raw materials for Kampuchea to solve the urgent need of the country.

It is worth mentioning that textile industry materials are not only in Kampuchea, but also in Vietnam's textile industry. Data show that Vietnam's textile industry has about 55% to 60% of raw materials supplied from China, especially clothing raw materials, yarn, cloth and so on are mainly from China, so the textile industry in China is not less dependent on China than Kampuchea.

At the end of February, the textile and Apparel Association of the country also said that the country's raw and auxiliary materials could only be maintained until the end of March. If it could not get enough raw materials from China, Japan and South Korea, then the country would also face serious shortage of raw materials. You know, Vietnam has become the third largest textile and apparel exporter after China and India in 2 countries. In 2018, the export volume of the textile industry increased by 16.01% to about 36000000000 US dollars.

The textile industry has also become the third largest export product after smart phones and electronic products in the country, which is of great significance to the economic growth of the country. If the country's textile industry is closed due to insufficient supply of raw materials, it will be a major blow for the country's economy. After learning that China will give priority to supplying raw materials to Kampuchea, Vietnam's textile industry's goal of exporting 42 billion to 42 billion 500 million US dollars in 2020 is probably even more difficult to achieve.