Ministry of Commerce: China's textile and apparel trade still faces many challenges

On November 1, at the “2010 China International Textile and Garment Trade Development Forum” organized by the Ministry of Commerce at the 108th Canton Fair Complex, Huang Yuefeng, Director of the Textile Division of the Department of Foreign Trade of the Ministry of Commerce stressed that from the perspective of domestic and foreign situations, China The development of textile and apparel trade still faces many challenges.

From the perspective of the international market, the deep-seated impact of the international financial crisis has not completely exited, and there is still great uncertainty in the prospects for world economic recovery. Under this influence, consumer demand in the developed countries has clearly contracted, and the consumption structure has been tilted toward the lower end. Judging from China's own situation, as China gradually moves into the ranks of middle-income countries, the cost of labor and other factors continues to rise, and traditional comparative advantages are facing severe challenges. The task of accelerating the transformation of trade development methods is arduous.

Huang Yuefeng stated that the Department of Foreign Trade of the Ministry of Commerce will focus on independent innovation and focus on research and development, branding, and marketing channels in accordance with the “Twelfth Five-Year Plan” requirements, and encourage textile and apparel exporters to upgrade both ends of the industry's smile curve. On the one hand, we will accelerate the construction of a public service platform for foreign trade and effectively improve the quality and level of China's foreign trade development. On the other hand, we will speed up the transition from "manufacturing and manufacturing" to "design and manufacture" of China's manufacturing, and guide powerful foreign trade companies to extend the industrial chain to the higher end of the industrial design chain and the laying of sales channels at home and abroad.

According to customs statistics, from January to September this year, the total value of imports and exports in China reached US$ 148.68 billion, an increase of 37.9% year-on-year. During the same period, the total volume of foreign trade in textile and clothing reached US$164.41 billion, an increase of 22.75% over the same period of last year. Among them, the export value was US$149.81 billion, which was a year-on-year increase of 23.1%.