'Africa'-the 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 the common course of struggle have allowed the Chinese and African peoples to forge a profound friendship. Xi Jinping proposed the “Ten Major Cooperation Plans” between China and Africa in the next three years: 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 plan, China-Africa cooperation plan for poverty reduction and benefiting people, China-Africa public health cooperation plan, China-Africa humanities cooperation plan, China-Africa peace and security cooperation plan. In his speech, Xi Jinping said that to ensure the smooth progress of the 'Ten Major Cooperation Plans　　 South Africa's infrastructure demand is strong: South Africa is carrying out the largest infrastructure construction in its history. The South African Ministry of Economic Development stated in November that the South African government invested an average of R1 billion per day to support infrastructure construction. At present, China's investment and construction in Africa is mainly based on infrastructure. The African region is currently at the beginning of economic growth. There are many business opportunities to be explored. Standard Group (Hong Kong) Co., Ltd. is a leading enterprise in my country's textile instrument industry. , Always paying attention to the development and changes of the textile instrument industry, the market and strategic planning of Standard Group do not believe that Africa is bound to 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. This is an obvious case reference in China and the current Southeast Asian emerging textile market during the reform and opening-up period. Secondly, textile and garment enterprises are an important part of the light industry and are the development Pillar export industries in China. It is also an important imported material for developed countries; Africa, as a densely populated area with a backward industrial area, has abundant cheap labor resources. Secondly, coastal countries in Africa have many convenient trading ports and shipping routes. African countries are gradually improving their infrastructure. The growth is the gold market for the industrial transfer of the world textile industry, and it is bound to be a huge investment in the world's textile and apparel industry. As a downstream subsidiary industry of the textile and apparel industry, the textile instrument industry is bound to usher in spring in the African market! At present, China has overcapacity and is in urgent need of emerging export markets. China's vigorous investment in the construction of African regions will surely drive the transfer of China's intensive industries to Africa. The clothing industry will inevitably migrate to the African region gradually, so how can textile instruments take advantage of this opportunity to rapidly internationalize? Standard Group (Hong Kong) Co., Ltd. believes that it is actively preparing to accelerate market penetration and actively cooperating with distributors in Africa. The current top priority. Compared with European and American countries, China’s textile industry has many advantages. First of all, the cost advantage is very obvious. Africa, as an emerging developing country, has limited consumption capacity and will inevitably have a strong demand for low-end textile equipment. At present, most domestic textile equipment is concentrated in China. Low-end level and high overcapacity, so the demand for a larger market is not allowed to ensure enterprise production. Secondly, with the gradual relocation of China’s textile enterprises and the gradual increase in production costs, the low-cost advantage of textile equipment is not a permanent advantage, so domestic textiles The instrument industry is bound to face the pressure of transformation and upgrading; how to spend this transition period safely is a question 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 at the initial stage are also biased towards the low-end. This is an important opportunity for the industrial transfer and technology output of my country's textile instrument industry. Therefore, the domestic textile instrument industry must urgently do a good job Preparation for foreign trade import and export. Of course, the Standard Group (Hong Kong) Co., Ltd. also needs to emphasize one point, that is, any company or industry will develop and grow from the price war, so technological innovation and Ru0026D capabilities are important supports that can stand firm in the industry. The instrument industry cannot stay at the middle and low-end level forever, so my country's textile instrument industry must be prepared for technological innovation and long-term Ru0026D investment to provide a driving role for the goal of becoming a world-class enterprise and industry leader and building a knowledge-based industry. On this train heading to the world's cutting-edge technology companies, companies that cannot catch up are destined to be abandoned. More about Textile Instruments: http://www.standard-groups.com/TextileGarment/
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