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The Chinese textile and apparel industry will achieve a transformation from large to strong.
2022-05-26
Despite the difficult development history of China's textile and apparel industry, the competitiveness of the entire industry is still continuously improving. In the next 5 to 10 years, China's textile and apparel industry will achieve a transformation from large to strong.
According to reports from the China National Textile and Apparel Council today, since China became the world's largest manufacturer of textiles and apparel in 1994, it has maintained its leading position. From initially relying on the comparative advantage of labor costs, to the advantages of industrial chain support, and then to the large-scale development of industrial clusters, the development of China's textile industry has always kept pace with the times.
Sun Ruizhe, vice president of the China National Textile and Apparel Council, pointed out that the challenges facing China's textile and apparel industry in the future are how to achieve sustainable development and how to continue to enhance competitiveness. He believes that changes in the international market should be analyzed objectively and rationally, and the turbulence in the international consumer market caused by the international financial crisis should not be simply regarded as "recession"; rather, it should be understood from aspects such as the deviation of consumption structure and the arrival of the era of rational consumption. In addition, the "low-carbon economy" has also brought new considerations for the development of China's textile industry, namely how the textile and apparel industry can reflect its value while saving energy and reducing emissions under increasing environmental protection pressure, thereby obtaining new profits.
Sun Ruizhe emphasized that the improvement of industry concentration is undoubtedly a major trend in the future development of China's textile industry. In the next 5 to 10 years, China's textile and apparel industry will achieve a transformation from large to strong. China's textile industry should focus more on the domestic demand market, pay attention to changes in effective demand in the domestic market, create a new business circulation model that is cost-effective, and seize market initiative and discourse power.
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