Yiwu Yingming Thread Company Limited

Customer Hotline

Home > News > Enterprise News

The development of textile industry

2017-05-02 15:22:55 Yiwu Yingming Thread Company Limited Read

China is textile production and export country, China textile industry itself after years of development, the competitive advantage is very obvious, with the world's most complete industrial chain, the highest level of processing facilities, adjusting ability to continuously enhance the manydeveloped industrial cluster to market risk self, provide a solid guarantee to maintain the development of industry steady pace.

From the international environment, the international market is still greater room for development and opportunities. With the end of 2007 China EU textile cap expires at the end of 2008 China textile quota restrictions ended China textile quota free era, accounting for more than 60% share in the global textile market fully open, will bring tremendous opportunities to Chinese textile trade. The next few years, the world economy will continue to rise in the range, will promote the growth of international trade, which will bring China's textile and garment export growth favorable international market protection.

From the domestic economic environment, domestic demand will become an important driving force for industry growth. About 80% of China's textile consumption in the country. With the sustained and rapid growth of the domestic economy, the steady increase in the income of residents, will stimulate the further development of the domestic market.

Chinese textile enterprises should overcome the raw material prices, the appreciation of the RMB and the export tax rebate adjustment difficulties, seize the opportunity of the development of textile industry, improve industry concentration degree, to curb the blind expansion of inefficient production capacity, increase the construction characteristics of Industrial Park, strengthen innovation, enhance Chinese textile industry brand of industrial restructuring and upgrading. China's textile big country into a textile power.

The uncertainty of the global textile market is increasing, which is in line with the global credit crisis and the trend of slowing economic growth in the United States and the European union. The sharp decline in the dollar, the ups and downs of crude oil prices, as well as China's textile exports to Europe is about to release restrictions, are a major change. Affected by the slowdown in the U.S. economy, corporate sales will decline. And because the United States, Europe may implement new trade barriers, so the global textile procurement may be a substantial change in the trend. In addition, there are less than 3 months, the quota system for textile and apparel products will end. The change of the international textile and clothing trade system is the latest challenge faced by the textile and garment enterprises.