Due to weak demand and declining competitiveness, exports of most products slowed down. Due to weak overseas demand and declining competitiveness of domestic manufacturing in the context of rising input costs, exports of most products remain weak. Exports are weaker in the context of the global economic downturn. Since the global economic performance has remained sluggish since the beginning of the year, China's exports have remained relatively weak. Since the second half of 2015, the pace of economic recovery in the United States has slowed significantly, while the Eurozone and Japan are still on the verge of deflation. In addition, with the tightening of overseas financing conditions and shrinking global demand, the economic growth of emerging markets has slowed down significantly. In May, exports and imports fell 4.1% and 0.4% year-on-year, respectively. According to data from the General Administration of Customs, China’s exports fell further by 4.1% in May (year-on-year, the same below; all figures are in U.S. dollars), after a slight decline of 1.8% in April. At the same time, imports fell slightly by 0.4%, after a 10.9% drop in April. After seasonal adjustments, exports and imports fell by 6.2% and 4.7% in May, while they fell by 0.2% and 7.3% in April. 2016 was a year of rapid development in the export of textile instruments. Many traditional textile instruments began to focus on exports to actively participate in exports. The main reason for this is that most of the domestic textile companies have moved abroad since 2014, withdrawing funds, and opening branches overseas. The action of the domestic textile industry
has caused the corresponding supporting industries in the domestic textile industry to be tight. Among them, the textile instrument industry is the most obvious. As one of the earliest domestic enterprises to enter the textile instrument industry, Standard Group has gone through nearly 20 years of development. After the textile industry has risen, exploded, and entered a period of flattening, it can be said that this is also the inevitable development process of any industry. For example, Apple in the United States is one of the largest and most powerful companies in the world. In the first half of 2016, your overall sales performance and Profits have begun to decline by nearly 20%, and there is little hope that this trend will continue to reverse. What does this mean? Weak economic growth, the advent of the ceiling of the industry, the continuous growth of new technologies, new processes and new demands, and the law of industry development will all have such an inevitable process. However, textile equipment is the same as the textile industry. It is a rigid demand. Although the textile industry has weak growth in China, its growth rate is very fast in Southeast Asia and Africa. What does this show? In fact, the textile demand market has not changed much. The textile industry has only changed the transfer of regional resources and funds. In the same way, textile instruments also correspond to the process of regional transfer. In this case, the idea of u200bu200bexporting textile instruments is clear. Should the instrument foreign trade break out like this? Standard Group believes that the first step in exporting textile equipment is to understand its own advantages and disadvantages. At present, domestic textile equipment can basically meet domestic demand, but there is still no international brand influence in terms of brand building and quality control. This is why many biddings explicitly require the import of international brands. When domestic textile equipment brands can appear in many bidding instructions, the quality control of domestic textile equipment will be guaranteed. At present, the advantage of the domestic textile test
ing instrument industry is that the production process is OK, the quality control is gradually improving, the price advantage is obvious, the export has advantages in price and quality, but the disadvantage is that the failure rate control is uncertain, and the overseas after-sales maintenance is expensive. Generally, international brands have branches and offices in each country or region, but many domestic textile instruments do not actually meet this requirement overseas. This is a problem that foreign customers are more worried about when purchasing textile instruments. Secondly, domestic textile instruments have strong government support in export, and they can enjoy export tax rebates and foreign trade convenience. This is also a series of trade agreements such as free trade agreements with many countries and regions. Preferential policies such as trade agreements on textile instruments. Therefore, textile equipment companies can rely on these convenient conditions to speed up foreign trade exports. Third, the textile instrument industry must have a run-in period when it enters an unfamiliar market. Therefore, the current domestic textile instrument industry does not need to intervene in the end customer market for foreign trade exports. It is mainly a regional agency model, which is also a common model for many foreign trade exports. Standard Group I think: After finding a foreign agent, you can completely get rid of the after-sales service of foreign trade and concentrate on the expansion of foreign trade customers and the control of product quality. After completing the above steps in the export of textile equipment, you can basically test the direction of foreign trade, lasso the direction of foreign trade, and then summarize and analyze the problems encountered in foreign trade to optimize, first grow and then dominate.
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