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China'S Textile And Clothing Exports To The United States Have Been Improving For A Long Time.

2008/8/19 15:52:00 27

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Textile And Garment Exports To China USA

Entering the mid 2008, the international market situation is still grim. The negative impact of the US subprime mortgage crisis has expanded from the financial sector to the real economy. The US GDP growth in the fourth quarter of last year was only 0.6%, lower than the expected 0.8%, and this year's economic recession is still in progress, especially for textile and apparel consumption.

Data from customs showed that in January 2008 -6, I exported $10 billion 259 million to us textiles and clothing, down 1.03% from the same period last year.

From the data point of view, in the first half of 2008, China's exports of textiles and clothing to the United States increased two times in February and June, with a drop of 7.79% and 1.03%, while the growth rate of other months did not exceed 1%.

Then, as a major producer of textile and clothing, China's textile and clothing export trade has entered a "weak" state due to the depreciation of the US dollar and the impact of the US subprime crisis.

Is the export really weakening?

The author believes that as the second largest exporter of China, the United States has slowed down its economic growth rate by 1%, and China's export growth will slow down by 6%.

The depreciation of the US dollar and the subprime mortgage crisis in the United States have poured cold water on our clothing exports.

However, in the environment of declining purchasing power caused by inflation, the demand of high-quality and cheap export commodities in developed economies is increasing.

Although inflation has led to an increase in labor costs and raw material prices in China, East Asian export economies are facing the same problem in an environment of rising global inflation.

The worsening of inflation has seriously affected industrial production in Vietnam. The risk of currency crises has increased. India's current account deficit has increased and Indonesia's and Philippines's balance of payments pressures have increased significantly.

In contrast, China's stable macroeconomic environment is conducive to maintaining our export competitiveness.

Along with the rising trend of labor costs in China, manufacturing costs in developing countries such as Southeast Asia are also rising simultaneously. The fact that buyers have to accept the manufacturing costs that are rising at a constant stage is a fact.

In this development trend, China's textile industry can say that it has strong competitive advantages, mainly in the following aspects:

1, China's textile and apparel has the most complete industrial chain, such as textile, printing and dyeing, and finished product production, with high production efficiency and good product quality.

2, the textile and garment industry has strong overall supporting ability, and has strong processing capability in every link in the industrial chain. Within the radius of 50 km in the main processing industrial zone, the raw material supply including mechanical equipment parts and clothing accessories can be solved.

3, with good infrastructure, the government, customs, banks and commodity inspection provide efficient services for textile and garment exports.

4, textile and garment enterprises have the ability of efficient operation and quick response.

It should be pointed out that in January 1, 2009, the textile import quota system implemented in the American clothing market was abolished, the global textile and garment trade will grow faster and the market share of China will increase. The increase in imports from the United States will also lead to the reduction of the scale of textile and garment manufacturers in the United States.

Under such circumstances, enterprises should not be blindly optimistic.

Because the United States may take anti-dumping measures and countervailing measures to protect its manufacturing industry.

Therefore, the related enterprises should pay close attention to the changes in the international market, adjust the management strategy in time, and actively develop the diversified market in order to disperse the market risk as much as possible.

At the same time, we should strengthen the detection of product safety and health projects, actively improve their quality management and control level, effectively improve product quality and technology content, and obtain stable orders with high quality products.

In the long run, the author draws the attention of the enterprises to further enhance the competitiveness of the products so as to solve the fundamental problems.

Textile enterprises should deal with these tests with a positive attitude, and try to eliminate losses through various means so as to enhance the international competitiveness of China's textile and garment export enterprises as a whole.

I believe that through the joint efforts of China's textile industry and enterprises, accelerating the pace of industrial and product structure adjustment, changing the mode of industrial growth, improving the technological content and brand contribution rate, and strengthening the connotation of product creativity, China's textile and apparel industry still has room for improvement in the international market.