What happened to the textile and apparel industry when the Sino-US trade war continued?

On April 16, 2018, the Sino-US trade war started! At present, it has been 6 months since the war began, the information is complicated, the situation is confusing, and the market trend is elusive. Today, we will talk about data, and intuitively analyze the impact of the textile and garment industry in the case of the continuous escalation of the trade war. The latest operating trends of the textile and garment industry Since the beginning of this year, my country's garment industry is still facing a complex development environment, the international market demand continues to be sluggish, and the consumption change in the domestic market is accelerating. In such an environment, garment enterprises have actively transformed and adjusted, innovated and upgraded, and the industry has achieved sound development under pressure and challenges. According to the data of the National Bureau of Statistics, from January to July 2018, enterprises above designated size in the apparel industry achieved a total of 1,046.267 billion yuan in main business income, a year-on-year increase of 3.60%; total profit was 57.528 billion yuan, a year-on-year increase of 5.51%; sales profit margin was 5.50%, Compared with the same period in 2017, it increased by 0.10 percentage points; the gross profit margin of sales was 14.31%, a decrease of 0.26 percentage points from the same period of the previous year; the three-fee ratio was 9.00%, an increase of 0.04 percentage points from the same period of the previous year. With the continuous escalation of Sino-US trade frictions, some textile and apparel products have been affected by the trade war, and exchange rate fluctuations will become the norm in the new era, posing a challenge to the cost accounting and profit realization of export orders for enterprises. But even so, there are still many export textile and apparel suppliers and cross-border e-commerce sellers that there are many opportunities in this category. Undoubtedly, under the Sino-US trade war, the export of Chinese garment enterprises will face great challenges. Everyone knows that eggs should not be put in the same basket. It will be a new attempt for factories and enterprises to explore emerging markets and transform into cross-border e-commerce. Clothing exports are the most seriously injured. Among the textile and clothing products exported by my country, about 30% of textile products and 70% of them are ready-to-wear or clothing processed products. Fighting is to fight the most painful place for the other party. Therefore, clothing exports are more likely to be the focus of the impact. The fact is also true, imports from Europe, the United States and Japan have both declined year-on-year. But the great policy of the Belt and Road is the strong backing for our continued fighting. The American master is not willing to do the work of making clothes, and Vietnam is most likely to benefit. Vietnam is the second largest import market of textiles and clothing in the United States. It has a large number of people and is cheap. Most of China's orders have been taken away by him. 1. Bangladesh has become the second largest textile exporter in the world. The Sino-US trade frictions continue, and many parties are on the verge of death. Amid this hail of bullets, however, as US retailers place more orders, the Bangladeshi garment industry is becoming the center of the trade war.“fisherman winner”, but the situation has not improved in industries such as jute and leather goods. Although China remains by far the world's largest exporter of manufactured goods, over the past decade some factory owners have begun to move production to other developing countries such as Bangladesh, Cambodia and Vietnam, according to a recent Financial Times report. nation. The move is a quest for lower wages and a hedge against the political and economic risks that come with being dependent on one country. Local clothing makers in Bangladesh have admitted that they have received more work orders from the United States. Facts have proved that this view is correct. 2. Three major international organizations will invest in Myanmar Chinese interest in Myanmar's manufacturing and production facilities has grown since the United States imposed 25 percent tariffs on Chinese products worth up to $50 billion this month. He told The Myanmar Times during the Myanmar-Korea Investment Promotion Seminar. U Thant Aung Kyaw, deputy director of the Directorate of Investment and Corporations of Myanmar (DICA), said recently that Myanmar will benefit from the Sino-US trade war. He says:“Chinese companies have been consulting DICA about investing and establishing bases in Myanmar.”Myanmar is likely to see a possible surge in manufacturing companies from China as China's trade war with the United States escalates. 3. Vietnam's textile industry ushered in a return to the tide Earlier, Vietnam's domestic textile and garment enterprises encountered a series of orders from foreign investors to withdraw from the market, looking for other areas with certain competitiveness. However, through short-term adjustments, from technology investment to cost reduction and policy adjustments, Vietnam has regained its trust. Foreign investment, domestic textile and garment industry investors flourished, and large orders returned to Vietnam. Analysis of the overall trend in the future my country's clothing industry will continue to insist on deepening the supply-side structural reform, and strive to promote“Sanpin”With the effective implementation of the strategy, it is expected that the apparel industry will continue to maintain a relatively stable development trend in 2018. Under the current new situation, the textile and apparel industry should speed up the transaction speed, adjust the market distribution, especially the business ratio of the customers of the United States (including other foreign customers), or the price premium ability, increase the strength of independent research and development, and improve the product and product quality. own competitiveness in order to cope with the new situation changes. Of course, while the European and American markets are sluggish, we should also increase the“One Belt One Road”Regional market concerns. These countries and regions have enjoyed“One Belt One Road”The income of the initiative has a good impression and demand for Chinese products. I believe that the status of China's largest textile trade country is unmatched.
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