398.2 Billion! In The First Quarter, China'S Textile Raw Material Exports Soared, And The Western Boycott Of Xinjiang Cotton Became A Laughing Stock

According to the global times on May 8, citing foreign media sources, analysts of China's Baoyin investment pointed out that China's export growth was once again surprising. The main reasons behind this were the recovery of us demand and the counterattack of India's epidemic situation, which led to the influx or transfer of a large number of orders to the Chinese market. Data show that in the first four months of this year, China's total exports reached 6.32 trillion yuan. More surprisingly, in the first quarter of this year, China's total export value of textile raw materials and textile products reached 398.228 billion yuan, up 27.7% year-on-year. In fact, since May last year, China's cotton production has continued to surpass that of India. Even if Western countries boycott Xinjiang cotton on the pretext of "human rights issues", it has not had a great impact on this. On the contrary, China's textile raw material exports soared in the first quarter, which undoubtedly made the Western boycott a laughing stock.

In the late March of this year, western countries suddenly hyped the so-called "human rights issue in Xinjiang", imposed sanctions on many Chinese individuals and entities, and boycotted Xinjiang cotton "in groups" in an attempt to interfere in China's internal affairs and destroy China's territorial integrity. To this end, China immediately launched a strong counterattack, and implemented three times the countermeasures against the European Union, the United States, Britain and Canada. HM, Nike, Adidas and UNIQLO, which boycotted Xinjiang cotton, also encountered spontaneous boycotts from Chinese consumers, and sales began to plummet. The search terms for "HM" on Taobao and tmall were even blocked.

Under the pressure of western countries, although some key products and enterprises in Xinjiang have been sanctioned, Xinjiang's cotton export has increased instead of decreasing. According to Hong Kong's South China Morning Post, Xinjiang's exports to the United States surged by 113% in the first quarter compared with the same period last year, according to Hong Kong's South China Morning Post. It can be seen that the impact of Western sanctions on China's raw material market is quite limited. Especially after the outbreak of the Indian epidemic, due to the impact of local raw material production capacity, many orders have turned to China, making the Chinese raw material market usher in new opportunities.

In addition to the competitive relationship between China and India in the textile industry, in the pharmaceutical field, China and India are also the two largest raw material supply markets in the world, accounting for about 12% and 9% respectively in the world. However, due to the epidemic situation in India, it is necessary to take "blockade" measures, which has a certain impact on the production capacity of local pharmaceutical raw materials. Due to insufficient capacity and other related reasons, a large number of orders may be transferred to China. In addition, China will also have the opportunity to occupy more markets in the supply of new coronal vaccines. According to Xinhua news agency, India is now being forced to transfer from a donor to a recipient, which may cause a run on global vaccine resources.

No matter which country, the demand for drugs is just needed. India occupies an important position in the global supply of pharmaceutical raw materials. Once India is affected by the epidemic situation, the supply of raw materials will be strained, which may lead to the reshaping of the global supply pattern of pharmaceutical raw materials. The production capacity of China's pharmaceutical raw materials is relatively sufficient. Once there is a problem in the supply chain of India, China will be the most capable country to undertake the capacity of Indian pharmaceutical raw materials.

India and China are both populous countries, but their attitudes towards the fight against the epidemic situation are different, resulting in far different results. Because China has brought the epidemic under control in a short period of time, and now its economy has begun to recover in an all-round way. It is one of the few countries in the world with positive GDP growth, and its development prospects are very good in all aspects. Since the outbreak of the first wave of the epidemic in India, it has been passively fighting the epidemic, leading to the current epidemic situation out of control again. Affected by the epidemic, all industries in India have suffered a serious blow. The rampant epidemic situation has deprived India of many development opportunities, and a large number of investors and enterprises have turned their attention to China. India's textile raw material exports are countered by China, which may be just the beginning. If the epidemic situation is not controlled as soon as possible, India will be countered in more aspects.

Analysts pointed out that the gap between China and India in the fight against the epidemic is not only due to different attitudes, but also to the differences in the two countries' systems. After the outbreak of the epidemic, China United as one, concentrated efforts to contain the epidemic in a small range, and ultimately ensured the safety of the whole country. However, India is in a state of loose sand and fighting on its own. After the outbreak of the second wave of epidemic, various regions still compete with each other for oxygen resources, causing all kinds of chaos. This fully demonstrates the importance of institutional superiority to a country. As long as China continues to give full play to its institutional advantage of concentrating on major events, whether it is the epidemic situation or economic problems, or Western sanctions, it can be well solved.

(source: People's information)

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