In 2015, The Export Volume Of China'S Textile Products Decreased By 5% Compared With The Previous Year.

2015 China

Product exports declined after 6 years.

In addition to the economic weakness of the exporting countries, the structural pformation of domestic labor costs and overseas investment growth is becoming more and more prominent.

China's changes in the "world factory" are expected to have an impact on the procurement system and price strategy of Japanese textile products.

"China is in a pitional period". In the first 4-12 months of 2015 February, the Dongli financial secretary expressed his views on China's textile market dynamics.

China's textile demand is still strong, but the topic of changes in the Chinese market in the textile industry is very prominent.

2015 China Textile

The export volume was $286 billion 800 million, a decrease of 5% over the previous year.

In addition to the 09 years after the Lehman crisis, exports have been expanding, but they have recently decreased.

In 2016 1-2, it also decreased by 16% compared with the same period last year, and continued to slow down in 2 figures.

One of the reasons for the decrease in exports is the economic stagnation in Europe and the slowdown in Southeast Asia.

Exports to Europe, the largest exporter, were 9% less than in 2015.

The appreciation of the renminbi has also had an impact.

However, the view that the reduction in exports is affected by temporary external factors is less.

The main reason is the sharp rise in labor costs.

China's wages have doubled in the last 5 years.

Shanghai City 2014

The average monthly salary is about $470, about 3 times that of Hanoi, Vietnam.

Executives of large textile enterprises said: "with the labor intensive sewing industry as the center, China's textile production has been reduced to a narrowing trend".

In view of the entry into force of the p Pacific Economic Cooperation Agreement (TPP), the trend of Dongli's diversion of textiles to Vietnam and the pfer of upstream operations to other countries has increased.

This is because TPP stipulates that the use of raw materials imported from countries other than the countries of accession will not be able to enjoy the benefits of tariff cancellation.

China's textile industry is undergoing structural changes.

Yama Hiroshiya, a Japanese chemical textile association, said: "Chinese enterprises have begun to actively invest in other countries, especially the textile industry stationed in Vietnam.

In 2015, China's textile imports from Vietnam increased by 18% over the same period last year, to 2 billion 500 million US dollars.

Previously, textile production in China has become increasingly fragmented, which is expected to benefit Japanese garment enterprises.

Yibayashi Junyan, general manager of FrontierManagement, a consultancy, said that first of all, procurement risk and cost can be reduced.

A large Japanese clothing company that built factories in Burma and reduced the proportion of purchases from China said: "production efficiency is higher and strategic pricing can be made".

However, China's textile processing and sewing technology level is very high, and the market of functional textiles such as sportswear will continue to expand.

The production of low price products will be pferred to other countries outside China, and China's production pfer to high value-added products will be further promoted.