logo
CHANGYUAN
Current position:
Homepage
>
>
>
China's textile industry continues to grow in foreign investment

News

Check category

China's textile industry continues to grow in foreign investment

(Summary description)As China's processing and manufacturing costs continue to increase, the transfer of international textile industry investment and international purchase orders to other developing countries and regions is an inevitable development trend. The textile processing capacity of the developed countries and regions in the United States, Europe, Japan and South Korea in Southeast Asia has also seen a rapid growth trend in recent years.

China's textile industry continues to grow in foreign investment

(Summary description)As China's processing and manufacturing costs continue to increase, the transfer of international textile industry investment and international purchase orders to other developing countries and regions is an inevitable development trend. The textile processing capacity of the developed countries and regions in the United States, Europe, Japan and South Korea in Southeast Asia has also seen a rapid growth trend in recent years.

Information

As China's processing and manufacturing costs continue to increase, the transfer of international textile industry investment and international purchase orders to other developing countries and regions is an inevitable development trend. The textile processing capacity of the developed countries and regions in the United States, Europe, Japan and South Korea in Southeast Asia has also experienced a rapid growth trend in recent years. In the long run, it will inevitably form a competitive relationship with China's textile industry. Sun Ruizhe, president of the China National Textile and Apparel Council, said at a symposium of representatives of the 2019 textile industry conferences held in Beijing. China's textile enterprises actively participate in the new layout of the international textile industry through foreign investment, which is conducive to safeguarding the profitability of China's textile industry capital. And form a positive interaction with the upgrading and development of the domestic textile industry.

Sun Ruizhe said that in the new round of globalization, the rise of developing countries represented by China is mainly a rise of self-development and the rise of industrialization, rather than the rise of external expansion. The rise of China's textile industry is also a kind of "self-developmental rise" under the influence of the internal driving force. According to the statistics of the Ministry of Commerce, from 2003 to 2018, the total foreign direct investment of China's textile industry reached 9.796 billion US dollars, with an average annual growth rate of 15.6%, accounting for 5.2% of the total foreign direct investment in manufacturing.

Sun Ruizhe believes that the textile industry is the leading industry for the country to actively promote the construction of the “Belt and Road”, and is also the preferred civilian production industry for promoting industrial development, creating national wealth and providing a large number of employment in countries and regions along the “Belt and Road”. Promoting the international development of China's textile industry and strengthening the implementation and implementation of the international capacity cooperation project of the textile industry are not only the needs of China's own industrial development, but also an important measure to promote the development of the textile industry in the partner countries and achieve mutual benefit and win-win.

In order to better promote the “going out” of the textile industry, Sun Ruizhe suggested strengthening the research on foreign investment industrial policies of textile enterprises, strengthening guidance on key areas and key areas of overseas investment in the textile industry, and improving the efficiency of cross-border distribution in the textile industry. He also suggested that the textile and garment industry be listed as a “One Belt, One Road” cooperative demonstration industry, coordinate credit and foreign exchange management departments, and provide low-interest and interest-free loans for textile investment projects. At the same time, in the “Belt and Road” along Vietnam, Key countries such as Pakistan, Uzbekistan, Egypt, and Ethiopia have established landmark cooperative demonstration projects such as modern textile industrial parks and modern textile production service systems.

Scan the QR code to read on your phone

ewm

Official Account Platform

 

Copyright © 2019 Fujian Changyuan Textile Co.,Ltd., All Rights Reserved.    闽ICP备08000598号-1

 Powered by www.300.cn