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Research on risk control and coordination of internationalization of China's textile industry under 'One Belt, One Road'

by:GESTER Instruments     2022-08-27
In recent years, the world economic recovery has been slow and tortuous, the global industrial elements are facing a new pattern adjustment, and China's textile and garment industry is facing greater dual competition pressure. On the one hand, developed countries have implemented“reindustrialization”strategy to strengthen its dominance in the high-end field of the value chain; on the other hand, developing countries or regions, mainly Southeast Asian and South Asian countries and regions, are becoming strong competitors for the traditional cost advantage of China’s textile industry (China’s textile industry produces Factor costs continue to rise, the average annual growth rate of per capita wages exceeds 10%, the wage level is much higher than that of neighboring countries, the price of cotton has been higher than the international market by more than 30% for 3 years, the price of energy has risen, and the cost advantage of the industry's international competition is no longer [1] ]) . At present, China's textile industry presents four new development characteristics: the total growth rate has slowed down significantly, the structural adjustment has gradually deepened, the operation quality and efficiency are stable and improving, and the transformation and upgrading are still urgent [1], reflecting the rising cost and resource and environmental constraints Serious challenges brought about by various external pressures. However, economic globalization and regional economic integration are still important development trends, and international and regional economic and trade cooperation is advancing in depth.“One Belt One Road”initiative.“One Belt One Road”They refer to the Silk Road Economic Belt and the 21st Century Maritime Silk Road respectively. The total population along the route is about 4.4 billion, and the total economic volume is about 21 trillion US dollars, accounting for about 63% and 29% of the world respectively [2]. The initiative aims to achieve common interests, with a community composed of many countries in Asia, Europe and Africa as the main body.“Discuss, Build, Share”and“win-win”Based on the principle, the content is based on connectivity, and the method is based on international cooperation. By strengthening cooperation and complementarity mainly among Asian countries, it will promote economic development and recovery and achieve common modernization. By the end of 2014, my country's textile industry has more than 2,600 overseas production, trade, R&D and design enterprises, which are distributed in more than 100 countries and regions [3], and the cross-border mergers and acquisitions of raw materials and brands in the upstream of the industry are also increasing. As an important member of the global textile industry system, China's textile industry strives to adapt to the world and the Chinese economy“new normal”It is an inevitable requirement for industrial development to achieve coordinated and integrated development with the global industry, so as to promote transformation and upgrading [1]. Therefore, with the help of“One Belt One Road”The initiative, speeding up the transnational layout, integrating international resources, and promoting overseas investment will be conducive to the new breakthrough of China's textile industry in the global value chain. 1 New opportunities for the internationalization of China's textile industry“One Belt One Road”Initiatives are the Shanghai Cooperation Organization, the Eurasian Economic Union, China—The integration and upgrading of international cooperation such as ASEAN (10 + 1) and the China-Japan-Korea Free Trade Area is also an important platform for my country to give full play to its geopolitical advantages and promote multilateral cross-border trade, exchanges and cooperation [4].“One Belt One Road”It is proposed to discuss cooperation under the framework of equal cultural identity, reflecting the spirit of peace, communication, understanding, tolerance, cooperation and win-win [4], and adhering to the principles of openness, inclusiveness and harmony, etc.“five trues”Make a big fuss about it and seek common development, mutual benefit and win-win results. Therefore, more than 60 countries and international organizations have responded and participated in the past year.“One Belt One Road”The interconnection project will promote the docking and coupling of the development strategies of countries along the route, explore the potential of the regional market, promote investment and consumption, and create demand and employment [5], among which Southeast Asian and South Asian countries and regions are China's textile industry. Competitors, this gives China's textile industry a rare opportunity for cooperation, new space and a new way out. Textile industry“Thirteenth Five”The repositioning of the textile industry in the plan includes: livelihood and pillar industries for national economic and social development, fashion and consumer industries for promoting cultural creativity and leading lifestyles, and leading industries for high-tech application, international development and business model innovation [6] , it can be seen that the road of international development is imperative. The World Investment Report 2013 of the United Nations Conference on Trade and Development pointed out that global value chains have made great contributions to development. In developing countries, value-added trade accounts for 30% of the country's GDP. Creates a lot of opportunities
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GESTER International Co.,Limited’s mission is to be the leading global innovator, developer and provider of textile testing equipment tensile tester manufacturers products, systems, and services.
But we do think that reckoning with supply chains of textile testing equipment is a really important step. Even super simple switches in material, or sourcing, or shipping, or worker benefits seems like good place to start.
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