In the first half of this year, China Spin The Federation of industry conferred direct investment, and the red bean group invested 200 million yuan. The China textile materials trading center, jointly established by the red bean group and the Wuxi textile material exchange, was on line and became the first third party electronic trading platform based on spot trading in the professional market of China's textile materials. It is committed to building the most influential textile material trading center in the whole country and even the world.

After half a year's construction, the center is being built up as a one-stop, third party electronic transaction and service platform with modern e-business means, including electronic transactions, credit payment, warehousing and storage, logistics and distribution, financing services, quality supervision, brand promotion and product marketing, which will bring revolutionary changes to domestic textile materials trading.

Zhou Haijiang, President of the eighteen party representatives and President of the red bean group, said: "we have seen that e-commerce has become an important part of China's trade circulation sector and launched the construction of China's textile material trading center. It is the first third party electronic trading platform based on spot trading in the national textile material market, indicating that the era of e-commerce is coming, and it will also promote the transformation and upgrading of China's textile industry."

At present, textile clothing The situation of the industry is becoming increasingly severe. In August, textile and garment exports continued to decline, resulting in negative growth for two consecutive months. With the rise of labor force and the fall of demand, products are in the middle and low end. China's textile and garment industry is facing enormous challenges. Faced with the industry predicament, textile and garment enterprises began to take the initiative to transform and upgrade, to meet challenges.

Cao Heping, Professor of economics at Peking University, said: "the fundamental way out for the transformation and upgrading of China's textile and garment industry is to get back the pricing power. The state should support the third party intermediate business market, help the Chinese industry recover the pricing power, and create the pricing center of the global textile materials." He believes that China's textile and garment industry is at a critical moment of transformation and upgrading, and e-commerce is undoubtedly one of the best options for its transformation and upgrading. China has a very good opportunity to build the third party textile market of bulk commodities. No country in the world has such a huge market share.

It is reported that spot Electronic transaction This new mode can not only improve transaction efficiency and reduce costs, but also make textile materials trade more efficient and cooperative. Zhou Haijiang said that China textile material trading center, by integrating domestic and foreign textile material resources, has turned the trading center into an authoritative publishing platform for information on market price dynamics, enterprise supply and demand, etc. Through the leading force of price and sales, the trading center will participate in the pricing of global commodities in a timely manner, seek greater voice in the international market, and strive to become the pricing center of the global textile material industry.