'Africa' ​​- a blue ocean market for textile equipment exports

In his speech at the opening ceremony of the Johannesburg Summit of the Forum on China-Africa Cooperation on December 2, Xi Jinping emphasized that China and Africa have always been a community with a shared future. The common historical experience and common struggle have forged a profound friendship between the Chinese and African peoples. Xi Jinping proposes China and Africa in the next three years“Top 10 Cooperation Programs”: China-Africa Industrialization Cooperation Program, China-Africa Agricultural Modernization Cooperation Program, China-Africa Infrastructure Cooperation Program, China-Africa Financial Cooperation Program, China-Africa Green Development Cooperation Program, China-Africa Trade and Investment Facilitation Cooperation Program, China-Africa Poverty Reduction and Benefit People Cooperation plan, China-Africa public health cooperation plan, China-Africa people-to-people and cultural cooperation plan, China-Africa peace and security cooperation plan. In his speech, Xi Jinping said that in order to ensure“Top 10 Cooperation Programs”If it goes well, China will provide a total of 60 billion US dollars of financial support. Strong demand for infrastructure in South Africa: South Africa is undergoing the largest infrastructure construction in history. The South African Ministry of Economic Development said in November that the South African government invests an average of 1 billion rand every day to support infrastructure construction. At present, China's investment and construction in Africa is mainly based on infrastructure construction. Africa is currently in the beginning of economic growth, which contains many business opportunities to be tapped. As a leading enterprise in my country's textile equipment industry, (Hong Kong) Co., Ltd. Focusing on the development and changes of the textile equipment industry, the market and strategic planning do not believe that Africa will definitely be an important opportunity and market for China's foreign trade exports. As far as the textile industry is concerned, it is a labor-intensive industry, which has obvious case references in China during the period of reform and opening up and the current emerging textile markets in Southeast Asia. China's national pillar export industry. It is also an important import material for developed countries; Africa, as a densely populated area with backward industries, has abundant cheap labor resources, and secondly, coastal countries in Africa have many convenient trade ports and shipping routes, and African countries are gradually building infrastructure. The increase is the golden market for the industrial transfer of the world's textile industry, and there will be a lot of investment in the world's textile and garment industry. As a downstream subsidiary industry of the textile and garment industry, the textile instrument industry will surely usher in the spring in the African market! At present, China has overcapacity and is in urgent need of emerging export markets. The apparel industry is bound to gradually migrate to Africa, so how can textile instruments take advantage of this opportunity to rapidly internationalize? (Hong Kong) Co., Ltd. believes that it is the current top priority to actively prepare to speed up market penetration and actively cooperate with distributors in Africa. . Compared with European and American countries, my country's textile industry has many advantages. First of all, the cost advantage is very obvious. As an emerging developing country with limited consumption capacity, Africa must have a strong demand for medium and low-end textile instruments. At present, most domestic textile instruments are concentrated in China. The low-end level and the high excess production capacity, so it is not allowed to demand a larger market to ensure the production of enterprises. Secondly, with the gradual relocation of my country's textile enterprises and the gradual increase in production costs, the low-cost advantage of textile equipment is not an eternal advantage, so domestic textiles The instrument industry is bound to face the pressure of transformation and upgrading; how to safely pass this transition period is a problem that many textile instrument companies need to think about. Under the current situation of oversupply in the domestic textile equipment market, exporting is an inevitable choice. Emerging developing countries have obvious market demand, and the technology and quality of textile instruments in the initial stage are also focused on the low-end, which is an important opportunity for the industrial transfer and technology output of my country's textile equipment industry, so the domestic textile equipment industry must be urgently done. Preparation of foreign trade import and export. Of course, here (Hong Kong) Co., Ltd. should also emphasize one point, that is, any enterprise or industry will develop and grow from a price war, so technological innovation and R&D capabilities are the important support for standing in the industry. my country's textile equipment industry It cannot stay at the low-end level forever, so my country's textile equipment industry must be prepared for technological innovation and long-term R&D investment, so as to provide a driving force for the goal of becoming a world-class enterprise and industry leader and building a knowledge-based industry. On this train heading for the world's cutting-edge technology companies, companies that can't catch up are destined to be abandoned. More about Textile Instruments: http://www.standard-groups.com/TextileGarment/
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