Lanmei Textile Cooperation Goes Ahead In The War

The fifth foreign ministers' meeting of the Lancang Mekong River cooperation was held in Vientiane, Laos. In the joint press communiqu of the fifth foreign ministers' meeting issued by the group, the joint statement on "Lanmei textile Cooperation summit" and "textile and garment industry capacity cooperation" was named as the result of the productivity cooperation in Lanmei basin.

As one of the priority areas for the national productivity cooperation in Lanmei region, China's textile industry has responded positively to the development requirements of the LM cooperation mechanism and organized the international capacity cooperation of the textile and garment industry in the Lanmei River Basin. At present, LanMei river basin is one of the largest stocks of foreign investment cooperation in China's textile industry.

Textile industry has become a priority area for Lanmei productivity cooperation

"In the capacity cooperation between China and other Lancang Mekong countries, the textile industry belongs to the" heavy industry ". This is because the textile industry is both a pillar industry in China and an important livelihood industry in Lanmei. Liu Ying, a researcher at Chongyang Financial Research Institute, Renmin University of China, told reporters in an interview with China trade daily. From 2013 to 2019, the total investment of China's textile industry in the Mekong River was 2 billion 250 million US dollars, accounting for 25% of the total investment in the same period. In the past 3 years, China's textile industry has slowed down its overall external investment, but its investment in Lanmei has been growing rapidly and steadily. Vietnam is the most important investment growth country for textile enterprises, as well as a concentrated investment area for cotton spinning enterprises.

The great achievements of Lanmei's national textile industry have benefited from many advantages. According to Liu Ying's analysis, Lanmei has a significant geographical advantage in connecting the roads, railways, waterways, ports and airlines with a strip of water. In recent years, the cost of labor and land has risen continuously, while Vietnam and other Lancang Meizhou countries have low production costs and obvious advantages of red population. Lanmei region has a large population, and has a relatively significant market advantage; Lancang Meizhou has issued relevant preferential policies in terms of Taxation and customs. In particular, since the "one belt and one road" initiative was put forward, China has helped Lancang Mei country build several industrial parks and overseas economic and trade parks. These parks provide a good business environment and policy dividends for textile enterprises.

The overseas investment cooperation projects of China's textile industry cover the whole world, which is based on China's highly coordinated industrial chain, covering hundreds of industrial clusters and specialized markets, including fiber, spinning, weaving and dyeing, clothing, home textiles, industrial textiles and textile machinery.

"The comparative advantages of the textile industry in different parts of the world are different. At present, Europe and the United States are strong in brand, and Japan is in the leading position in fiber industry. China, as the world's largest producer and trading country of textile and clothing, is at the core position in the global textile industry. Textile equipment stability, fineness, digitalization and intellectualization are constantly upgrading. Liu Ying told reporters that industrial transfer is an inevitable trend in the development of the global textile industry. From 2013 onwards, the Chinese textile industry will continue to shift to Vietnam. After the completion of the railway in 2021, the Chinese textile industry will also shift to old fellow resources, such as raw materials and manpower.

Lanmei textile cooperation needs further strengthening under the epidemic situation

At present, the outbreak of the new crown pneumonia outbreak, LAN Mei region as an important external investment cooperation area of China's textile industry, is inevitably affected, especially Vietnam, it is reported that Vietnam's textile industry 55%-60% raw materials supply from China, clothing raw materials, yarn, cloth and so on are mainly imported from China.

"The textile industry is a labor-intensive industry, affected by the epidemic. Although the textile enterprises in various regions are gradually resuming their jobs, some employees are unable to return to posts. Even if they return smoothly, they will not be able to assemble and start operations on a large scale. The production and operation of the enterprises have not yet returned to normal levels." Liu Ying said that this has caused certain obstacles to the procurement of upstream raw materials by overseas investment enterprises.

The chairman of Vietnam textile and Garment Association, Wu De Jiang, said that the existing raw materials of Vietnam's local companies are only enough to maintain production until the end of March. If March is still unable to get enough imports from China, Japan and South Korea, many companies will face serious shortage of raw materials in April. It is reported that Asia's largest cloth distribution center, Keqiao China Light Textile City online trading platform reopened in February 10th, textile companies have chosen to resume online business, with a "network" docking customers, Unicom world. It is reported that the platform will provide 24 hours service for China Textile City Enterprises and global textile enterprises users. "Under the epidemic situation, the production of domestic textile enterprises is limited, and it also provides a better window period for China's textile industry to transfer to ASEAN region, especially LAN Mei country." Liu Ying said Vietnam, Laos and other lancangmei countries have many well run industrial parks and preferential tax policies, while these countries are also constantly improving the industrial chain and infrastructure. In response to the epidemic, China's textile industry with Lanmei should strengthen cooperation and work hand in hand to promote the better and faster development of the textile industry in Lanmei.