The Pformation And Balance Of China'S Textile Industry

Labor costs continue to rise, raw material prices fluctuate sharply, RMB

In recent years, China's textile industry innovation annual meeting, with the theme of "change and layout, new impetus, new balance and new positioning", has sorted out the realities of the textile and garment industry in China and the whole world. With the theme of "industrial technology innovation" and "upgrading the competitiveness of the industry with capital and brand", the participants discussed the innovation and development of China's textile industry, the confusion and confusion on the way of breakthrough and development, and the new pattern of China's textile industry.

"Innovation covers and extends to technological innovation, management innovation, product innovation, system and mechanism innovation, as well as the innovation of its own concept, is a comprehensive interrelated and very practical systematic work".

Wang Tiankai, President of the China Textile Industry Federation, said in his opening speech that innovation is an important guarantee for the healthy development of the industry.

"The economic operation of textile industry should take the basic data as the main body, and analyze the important position and competitive environment of China's textile industry in the global textile and apparel industry chain from different angles such as market, resources and technology."

This is Mr. Sun Ruizhe, vice chairman of the China Federation of textile industry. When he made a keynote speech, he also pointed out that China's textile industry will face a serious challenge of increasing production costs and increasing risk of raw material fluctuations. Meanwhile, it will show a rational development trend of more respect for market rules, namely, the pformation from "capacity expansion" to "value growth", and the matching of positive and balanced industrial development with environmental resources.

At the same time, he put forward the viewpoint of grasping the opportunity period of "changing circumstances", giving full play to the comprehensive endogenous driving force of market demand, industrial advantage, technological innovation and financial capital, and carrying out the strategic layout and the construction of independent innovation system.

We should rationally plan the regional structure, optimize the product structure, and create economic value with innovation.

"Innovation is the soul. Since joining the WTO, China's textile industry has held high the banner of innovation, seized the opportunities of globalization development, and persisted in structural adjustment and independent innovation, forming a complete textile industry chain from fiber production, terminal products to marketing. The technological content and brand added value of the products have been continuously improved. They have not only met the diversified domestic demand market, but also been widely favored by international buyers, and the international market share has been expanding continuously, achieving ten consecutive years of rapid growth and increasing influence and competitiveness in the global textile industry".

Mr. Zhu Hongren, chief engineer of China's Ministry of industry and information technology, expressed his textile innovation value.

In the brainstorming of the "innovative capital drive" forum, Wei Jingfen, President of China industrial safety investment fund Co., Ltd., President of UTA Fashion Management Group and Yang Dayun, vice president Qian Juemei of the group, explored the rational vision and potential of the capital market for the textile and garment industry, analyzed how to expand the relationship between the capital market and the textile and garment industry, and made use of the power of the capital market to accelerate the development of the traditional manufacturing industry.

In the context of sharp fluctuations in raw material prices, the effective use of financial instruments and futures markets can also get competitive advantage opportunities.

Another important topic of the annual meeting is to announce the 2011 Annual "China Textile Industry Federation product development award" and "the third batch of China textile industry credit rating AAA enterprise list".