2010 International Textile Events Focus On ASEAN Opportunities

Chinese textile enterprises

Visit to Yue Cambodia

In January of this year, the China Textile Entrepreneur Association organized a delegation of Chinese textile entrepreneurs to conduct a 9 day inspection visit to Vietnam and Kampuchea.

The entrepreneurs of the group have a more intuitive understanding of the investment situation of Vietnam and Cambodia through the inspection of the product market, investment environment and business management of the two textile industries.

Yang Jun, vice chairman and Secretary General of the China Textile entrepreneur association, pointed out that there are many paths and types of enterprises' "going out". They should not only understand that they are investing in factories and manufacturing, but should also be aware of the importance of strengthening investment in supply chain channels.

Tianhong Group's cotton textile plant invested in Vietnam - Vietnam's Tianhong textile Limited by Share Ltd is a model for Chinese textile enterprises to invest in Vietnam.

Because of the preferential tariff policy to purchase cotton and export products directly in the international market, the business benefits are obvious.

The Hong Kong Special Economic Zone Limited invested by Jiangsu red bean group in Cambodia is not only an entity of "going out" itself, but also a platform for other enterprises to settle in Kampuchea.

With the progress of the construction of the special zone and the continuous improvement of infrastructure such as electricity, the development zone has further shown its strength and development potential.

ASEAN market is unique.

With the gradual emergence of the role of China ASEAN FTA, the pattern of China's foreign trade is gradually changing, and the bursts of European debt crisis and the continuous warming of trade frictions have virtually closed the economic and trade cooperation between China and ASEAN countries.

Statistics show that in January of this year, China's textile and clothing exports to emerging markets basically recovered growth, but the increase was not large, not more than 10%.

Only in the ASEAN region, the start of the China ASEAN Free Trade Area has led to a rapid increase in exports to ASEAN and an increase of 66.3% in exports.

In May, ASEAN surpassed Japan and became the third largest trading partner of China.

ASEAN is also playing an increasingly prominent role in China's textile and clothing trade.

In the 1~5 months of this year, bilateral trade volume between China and ASEAN amounted to US $5 billion 850 million, and bilateral trade in textiles and clothing amounted to US $9 billion 270 million, while the difference between the two countries was US $3 billion 420 million. Compared with the same period last year, this gap was 5 billion 120 million US dollars, and the gap between us and ASEAN decreased by 33%.

In October, China's textile and clothing export market was slowing down, and exports to Europe, the United States and Japan decreased. However, exports to ASEAN still showed a year-on-year growth rate of 31.1% and 9.5% respectively.