Meanwhile, China's textile industry has provided more choices to global consumers, more profitable opportunities to global retailers and suppliers in textile industrial chain. In January-October this year, China's imports of textiles and garments, textile machinery, textile materials reached $41 billion.
Now, having entered the post-quota era, China's textile industry will inevitably face a more complicated situation. Experts believe that the EU and Sino-US textile agreements have created a more stable trading environment to China's textile exports. Since the beginning of this year, export growth has remained stable, export efficiency has improved, and industrial restructuring has proved to be successful.
This steady development trend is expected to continue for the first half of next year. But with the Sino-EU and Sino-US textile agreements to be expired next year and the year after, China's textile trade will face a new challenge.
Industrial insiders point out that the emphasis of export growth is to improve competitiveness. An important direction for future textile and garment products is to raise product value. Technological advancement could increase the added value of products and promote the upgrading of industrial competitiveness. In the past five years, China's brand development has entered a most active period; awareness of brand popularity has being increased among manufacturers.
Fibre2fashion, News Desk - China
marketing@alchempro.com
