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Analysis of the three advantages of China's textile and garment industry

Source: Time:2024-01-02 09:37:30 views:

Sun Ruizhe, vice chairman of the China National Textile and Apparel Council, believes that China has a huge and fast-growing domestic market for textiles and apparel, which has become the main source of power for industrial development. The core competitiveness of China's textile industry has three major advantages.

Sun Ruizhe, vice chairman of the China National Textile and Apparel Council, believes that China has a huge and fast-growing domestic market for textiles and apparel, which has become the main source of power for industrial development. The core competitiveness of China's textile industry has three major advantages.

Sun Ruizhe said here today that since 2002, China's fiber processing volume has increased at a rate of 1.5%, and China is the most important manufacturing center in the world's textile and apparel supply chain. In terms of investment, China is still the focus of investment in the world's textile industry. In terms of market share, in 2006, China accounted for 2.2% of the international textile export market and 30% of the apparel export market. In terms of product prices, there is still room for improvement in the added value and quality of China's textile and apparel export products.

In addition, in terms of industrial capital structure, China's textile and apparel industry is developing in a diversified direction. In 1980, state-owned capital accounted for more than 80% of China's textile and apparel industry, but now overseas capital and foreign-funded enterprises account for nearly a quarter of China's textile and apparel industry, exports account for more than 40%, and private capital occupies a dominant position. According to customs statistics, in the first quarter of this year, the exports of foreign-funded textile enterprises accounted for 30% of the national textile exports.
He believes that through the above figures, it can be found that one of the important advantages of China’s textile industry is the supporting capacity of the industrial chain; another advantage is the adjustment of the industrial capital structure. The injection of private capital and overseas capital occupy an important position in the capital structure, greatly improving The third advantage is the comparative cost advantage that China’s textile industry had in the past. These three advantages constitute the core competitiveness of China's textile industry.
He emphasized the status quo and problems of China's textile industry. China's textile and apparel industry is also facing severe challenges, mainly due to the pressure brought about by macro-control policies. The other is the sharp increase in costs, including the increase in the cost of labor factors such as labor. At present, the time has come to increase the industrial concentration and innovation integration of the industry, that is, market share and profits are concentrated in excellent companies; it is time to change from the past cost-oriented to value-oriented; in addition, the deep-seated problems of industrial development must also be considered , Such as quality assurance system, healthy and sustainable industrial development, corporate social responsibility, environmental issues, etc.

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