China’s textile and apparel exports are initially recovering
China’s textile and apparel exports will grow in 2017, and the annual export growth rate will be around 5%, a significant improvement over the previous year. China’s textile and apparel exports have initially picked up.
China’s textile and apparel exports were not optimistic in 2016. After falling by 4.9% in 2015, they continued to decline in 2016, and the decline expanded to 5.9%.
The China Chamber of Commerce for Import and Export of Textiles revealed on the 10th that despite facing difficulties such as sluggish recovery in international market demand, intensified competition, and high prices of domestic production factors in 2017, the innovation capabilities and international competitiveness of textile and garment import and export enterprises continued to increase, and product additions value and brand influence further improved. A large number of key textile and apparel foreign trade enterprises have explored new formats and models of foreign trade, and have achieved rapid development in new formats and models such as cross-border e-commerce, market procurement trade, and comprehensive foreign trade services. The cultivation of new drivers of foreign trade has begun to show results.
Looking forward to 2018, China’s textile and apparel export opportunities and challenges coexist. As the supply-side structural reform continues to advance, the construction of a modern economic system is accelerated, the innovation-driven development strategy is implemented in depth, China’s scientific and technological strength is enhanced and its industries are continuously upgraded, new advantages in international competition will gradually form. These also lay the foundation for the development of China’s textile and apparel foreign trade. Solid foundation. At the same time, the “Belt and Road” construction is advancing in depth, and the mutually beneficial cooperation between China and countries around the world is further deepening, which will also provide new and broad space for the development of China’s textile and apparel foreign trade. China’s textile and apparel exports initially recovered in 2017
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