China's Textile Advantage Is Losing And Export Competitiveness Is Weakened.

Chinese textiles are facing challenges.

Though China is still Europe and America.

The main source of textiles, but this advantage seems to be weakening. The era of red hot Chinese textiles is coming to an end.

It is reported that China's textile superiority can last at least 3 to 5 years.

Bangladesh is becoming the biggest competitor in China's textile industry.

To this end, the Chinese textile industry appealed to the Chinese government to adjust the tax rebate structure as soon as possible to curb the rising trend of Bangladesh's textile industry.

Chinese textile makers warn that a new wave of Bangladesh waves will emerge if action is not taken quickly.

The Chinese government currently has 16% of the tax rebate for export garments and fabrics.

Because Bangladesh relies heavily on imported fabrics to process export garments, Chinese textile manufacturers have called on the Chinese government to reduce the tax rebate for export fabrics and raise tax rebates for export garments, which will increase the price of Chinese exports in the international market and increase the cost of imported textile materials in Bangladesh, thereby weakening its competitive edge.

It is difficult for Chinese textiles to compete with Bangladesh in taxation.

Bangladesh, as a least developed country, enjoys preferential treatment in the West.

China, as the second largest economy in the world, can no longer enjoy the tax exemption policy in the West.

China's exports to Canada, Australia and Japan are subject to import tariffs of about 20%.

It is not just the tax policy that makes China.

The red age of industry is not many.

China's appreciation of the renminbi, the rise in prices of raw materials, the shortage of electricity and the increase in wages have made it impossible for the employers of garment factories to recruit enough workers to weaken the competitiveness of China's textile industry.

Labor in South and Southeast Asian countries is much cheaper than in China, for example, the minimum wage in Bangladesh is only two hundred yuan.

Labor in India, Indonesia, Vietnam and Kampuchea are also cheaper than China.

Therefore, many international brands have shifted their production base to Bangladesh and other countries, and many Chinese textile owners have also fled to these countries.

The loss of Chinese textiles is inevitable.

Indeed, in the European clothing store, almost the "made in China" era is becoming the past.

Clothing, textiles and footwear produced in Bangladesh, Indonesia, India, Vietnam and Kampuchea are increasingly appearing in European stores.

Brands such as Nike, mango, H&M and Zara have pferred some of their products to the above countries.

There are also some Chinese garment manufacturers who want to get their semi finished products to Europe, and label them in the name of local Chinese workshops and label them in Italy and Spain, and sell them in the European market.

In fact, the decline of China's textile exports is inevitable.

Just like Japan, South Korea, Taiwan, Hongkong and Thailand, as the textile industry increases, with the improvement of economy and the increase of labor prices, garment processing naturally turns to less developed areas and cheaper labor areas.

The way out for Chinese textile industry is to create brand.

The rise and fall of textile industry in Asian countries has become a mark of economic development in these countries, and it seems not to be shifted by people's will.

Although the clothing industry can absorb a large number of labor force, the Chinese authorities' policy is to develop industries with higher technological content and added value.

Therefore, the way out for China's garment industry is to create its own brand.

Like Nike, Adidas, crocodiles and so on.

Japan has experienced the peak of textile and garment export in 50s, and now the Japanese clothing industry is mainly based on the creation of brand.

The rise of South Asian textile industry may be an opportunity for China's textile industry to pform.

At the same time, China's fashion business opportunities also have great potential for development.

Fashion consumption in China's middle class is growing stronger.

According to a survey, ten years later, China's

Consumption will double, from 400 billion yuan in 2010 to 800 billion yuan.