China Textile chamber of Commerce In the Canton Fair, China's textile and clothing trade reached 30 billion 910 million (US dollars, the same below) in 1 to September 2014, and China's textile and garment exports accounted for about 36% of Global trade. But it is expected that India and Vietnam will seize the share of China in the next ten years, and China's garment industry must accelerate its spanformation.

China Textile chamber of Commerce pointed out that the characteristics of China's garment and textile industry in 2014 were:

First, stable internal and external environment and stable growth of textile and clothing exports.

Two, exports to Europe and the United States grew, exports to Japan continued to be sluggish, exports to the United States grew steadily, clothing export volume and price rose, and the growth rate of ASEAN exports slowed down.

Three, exports of textiles and clothing will grow simultaneously, but the price of cotton products will decline.

Four, textile imports are decreasing, clothing imports are increasing and prices are falling.

Five, the decline in cotton imports is obvious, the difference between inside and outside cotton prices is narrowed, and the price of Khmer cotton is hard to sustain.

On the other hand, according to WTO data, in the past three years, Vietnam and India The growth rate of textile and clothing exports is higher than the global and China's average growth rate.

The textile chamber of Commerce said that during the Canton Fair, it was informed by the exchange of business associations and purchasers such as Vietnam and India that these countries wanted to seek more opportunities for development through the adjustment of China's industrial policy and develop textile and garment industry to solve their domestic employment.

Although China's textile and garment exports account for about 36% of the world's trade, India accounts for only 4% and Vietnam accounts for only 2%, but it is estimated that some share of China's share will be seized in the next ten years.

It is estimated that in 2017, India's textile and clothing exports and domestic demand will reach 180 billion yuan, direct employment will increase by three million, and indirect employment will increase by more than four million. Vietnam and other ASEAN countries are seeking investment from the United States to seek American help through the TPP (span Pacific Partnership).

China Textile chamber of Commerce estimates medium and short term China's textile and garment industry Global competitiveness remains the top priority, but it calls for fierce competition, foothold in itself, steadfast spanformation and upgrading strategy, developing independent brands, expanding export base construction and accelerating the process of going out.