China News Service, Beijing, March 3 (Reuters) - China's textile industry is currently actively striving to "go global," and transnational distribution will be an inevitable choice for the future development of the textile industry.
According to statistics from China Customs, China’s textile exports ended at a growth rate of 5.1% in 2014, and fell by more than 10 percentage points year-on-year in the first month of 2015, making it the lowest growth rate of export growth in the last decade. The China Textile Industry Federation said on the 3rd that this is just a microcosm of the new adjustment of global industrial layout, the new evolution of global trade pattern and order, and the Chinese economy entering a new normal.
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According to statistics from China Customs, China’s textile exports ended at a growth rate of 5.1% in 2014, and fell by more than 10 percentage points year-on-year in the first month of 2015, making it the lowest growth rate of export growth in the last decade. The China Textile Industry Federation said on the 3rd that this is just a microcosm of the new adjustment of global industrial layout, the new evolution of global trade pattern and order, and the Chinese economy entering a new normal.
The responsible person of China National Textile and Apparel Council stated that accelerating the industrial transformation and upgrading, enhancing the total factor productivity and sustainable development capacity, effectively cracking the bottleneck of resources and environment, and increasing the position in the global industrial division of labor, which is currently facing the development of China's textile industry The urgent task, and "going out" for transnational distribution, realizing global allocation of productivity and international breakthrough in the value chain are the inevitable choices for completing the task of transformation and upgrading.
The reason is first of all to solve the internal challenges faced by the development of the industry through the allocation of resources across borders. These challenges include: the demographic dividend has expired, labor costs continue to rise, annual per capita wage growth has exceeded 10% in the past few years, energy conservation and environmental protection costs have risen, and mandatory constraint indicators have become stricter; over the past few years, high cotton prices have caused heavy pressure on related industries. In 2012 and 2013, China's imports of cotton yarns increased by as much as 60% and 37% respectively year-on-year, and India and Pakistan benefited from this.
Second, through partial production capacity “going out†to deal with the order competition of external low-cost countries. From 2005 to 2012, clothing exports from Vietnam and Bangladesh achieved annual average growth of 17% and 16% respectively.
Finally, improving the brand and technology contribution rate requires a global perspective and resources. We will increase the added value of our products through the “going out†of our own brands, overseas brands, and acquisition of high-end technologies to enhance the status of the international division of labor in the Chinese textile industry and increase our position in the value chain.
According to analysis by industry experts, the cross-country layout of China's textile industry coincides with the national strategy. In 2011, the national “Twelfth Five-Year Plan†called for accelerating the implementation of the “going out†strategy, encouraging advantageous enterprises in the manufacturing industry to invest effectively and establishing international marketing networks and well-known brands; in 2014, the “Belt and Road†national strategy was formally proposed and quickly Enter the implementation stage. Therefore, the current active pursuit of “going out†by the Chinese textile industry is just right.
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