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The future of China's textile and apparel industry: global strategic layout
On March 1, Cao Jiachang, chairman of the China Chamber of Commerce for Import and Export of Textiles, stated at the 29th China East China Import and Export Fair that China’s textile and apparel industry is accelerating its globalization strategy, and its models mainly include investments in Vietnam, Bangladesh and other countries. Set up factories and so on. The share of China's textile and apparel in the three markets of the United States, Europe and Japan has slightly declined, but there is no need to worry. What is the reason? Cao Jiachang said that in fact, most of the increase in Vietnam, Bangladesh and other countries is the export share of Chinese-funded enterprises' overseas investment or going out to build factories. Cao Jiachang said that in order to find depressions in the global value chain and adapt to changes in international market order demands, China’s textile and apparel industry is currently striving to advance its global strategic layout. Its model mainly includes overseas investment and establishment of factories, looking for strategic partners, opening branches to realize product display and overseas orders, and accelerating the construction of overseas warehouses. It gradually adopts a new attitude of organizer and manager in the entire production supply chain. While presenting. In 2018, the national textile and apparel exports were 276.73 billion U.S. dollars, a year-on-year increase of 3.7%, and imports were 26.14 billion U.S. dollars, a year-on-year increase of 6.4%. In terms of sub-items, in 2018, China's textile exports were US$119.1 billion, an increase of 8.1% year-on-year; clothing exports were US$157.63 billion, a slight increase of 0.3% year-on-year. It can be seen that China’s textile and apparel exports are showing a trend of growth in exports of upstream products and a slowdown in exports of downstream products. Cao Jiachang said that this is the result of the transfer of China's garment manufacturing industry and the increased demand for Chinese yarns and fabrics from neighboring low-cost garment producing countries due to incomplete industrial chains. According to statistics, in 2018, China's yarn and fabric exports to Vietnam and Bangladesh soared by 19.3% and 21.5% respectively. Cao Jiachang said that the textile and apparel industry must fully understand the many difficulties faced by the current industry development. Especially the Sino-US trade friction will have a profound impact on the future development of the industry. 'Although the disputed products do not include major export products such as clothing and home textiles, in order to avoid risks, American customers have clearly asked their suppliers to take precautions and gradually shift production, especially for long-term orders and long-distance orders that do not require high delivery speed. This is especially true for future orders.' Cao Jiachang said. In 2018, China's textile and apparel exports to the three traditional markets of the European Union, the United States and Japan all maintained growth, with growth rates of 1.5%, 8% and 2.7% respectively. In addition, exports to countries along the “Belt and Road” have maintained growth for three consecutive years, with a growth rate of 5.3% in 2018, and exports to ASEAN by 11.7%, the fastest growth among major markets. Cao Jiachang said that the textile and apparel industry should also focus on the integration of domestic and foreign trade. With the reform of the country's supply and consumption sides, as well as the maturity and steady improvement of the domestic consumer market, more and more traditional foreign trade companies have begun to accept some domestic high-quality orders. Leverage the e-commerce platform to be an excellent supplier in the domestic consumer market and vigorously explore the domestic market. More about: Textile Instruments
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