The development prospects of the textile industry

- Jul 06, 2018-

China is a big country in the production and export of textiles. After years of development, China’s textile industry has a clear competitive advantage. It has the most complete industrial chain in the world, the highest level of processing and support, and a number of developed industrial clusters respond to market risk self-regulation. The continuous enhancement of capabilities has provided a solid guarantee for the industry to maintain a steady pace of development.

 

From the perspective of the international environment, the international market still has much room for development and opportunities. With the expiry of China-EU textile quotas at the end of 2007 and the end of China-US textile quotas at the end of 2008, the quota-free era of China's textiles is approaching. The area that accounts for more than 60% of the global textile market will be fully open, and will bring Chinese textile trade to China. Great opportunity. In the next few years, the world economy will still be in the rising range and will certainly promote the growth of international trade. This will give China's textile and apparel export growth a favorable international market protection.