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Question:

What is the current status of the textile industry?

What is the current status of the textile industry?

Answer:

China's textile enterprises should overcome the difficulties of rising raw materials, appreciation of the renminbi and export tax rebates, seize the opportunities for the development of the textile industry, improve the concentration of the industry, curb the blind expansion of inefficient production capacity, increase the construction of special industrial parks, strengthen independent innovation The pace of China's textile industry to enhance the brand building, industrial restructuring and upgrading. So that China by the textile power to the textile power forward.
The global textile industry market uncertainty is increasing, which with the global credit crisis and the United States, the EU economic growth slowdown in the trend will bring impact on the clothing retail industry. The dollar outreach, crude oil prices ups and downs and China's textile exports to Europe will lift the limit, are declared a major change. By the US economic slowdown, corporate sales will decline. And because the United States, Europe may implement new trade barriers, so the global textile industry procurement may be a significant change in the trend. In addition, there are less than 3 months, for the textile and apparel products quota system will end. This international textile and apparel trade system changes are the latest challenges faced by textile and garment enterprises, not only with hope and opportunity, but also with a great risk.
From the domestic economic environment, domestic demand will become an important driving force for industry growth. About 80% of Chinese textiles in the domestic consumption. With the sustained and rapid growth of the domestic economy, the stability of residents' income will boost the further development of the domestic market.
From the international environment, the international market is still a large expansion of space and opportunities. With the end of 2007, China and the EU textile limit expires, the end of 2008 the end of the Sino-US textile quota limit, the Chinese textile quota era is approaching, accounting for more than 60% of the global textile market share area is fully open, will bring to China's textile trade Great opportunity. And the next few years the world economy will remain in the rising range, will promote the growth of international trade, which will give China's textile and garment exports to bring favorable international market protection.
China is the textile production and export power, China's textile industry itself after years of development, competitive advantage is very obvious, with the world's most complete industrial chain, the highest level of processing support, many developed industrial clusters to deal with market risk self-regulation The ability to continuously enhance the industry to maintain a steady pace of development provides a solid guarantee.

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