Home / Knowledge / News / Textiles / Chinese textile sector discusses 'Going Out' strategy
Chinese textile sector discusses 'Going Out' strategy
02
Jul '13
Mr. Jang Hui speaking at conference/China.org.cn
Mr. Jang Hui speaking at conference/China.org.cn
A conference to discuss the implementation of China’s ‘Going Out’ strategy, as outlined in the country’s Twelfth Five Year Plan, was organized in Beijing by the China National Textile and Apparel Council (CNTAC).
 
At the conference, officials from relevant government departments, financial institutions as well as professional bodies outlined the policies related to the government’s ‘Going Out’ strategy. Representatives of several textile and apparel enterprises also spoke on how to go global.
 
Jiang Hui, chairman of China Chamber of Commerce for Import and Export of Textile and Apparel, said the Chinese textile and garment industry is currently facing the problem of excess capacity and higher cost of production, and going global would be ideal solution to deal with these problems.
 
Mr. Hui said China has become the biggest producer and exporter of textiles and clothing in the world over the past three decades, but several problems are impeding further growth of the industry, china.org.cn reported.
 
In addition to rising costs and excess capacity, Mr. Hui listed weak demand in the Chinese local market, environmental restrictions, appreciation of the Chinese currency and inappropriate industrial structure as other problems facing the Chinese textile and garment sector.
 
Mr. Hui said going out or going global would not only enable the industry to allocate global resources, but would also help in improving brand recognition in international markets.
 
As part of its ‘going out’ strategy, the government would support textile and clothing enterprises in upgrading their technology, improving managerial capabilities and dealing with risks associated with overseas investments, said Chen Jian, former Vice Minister of Commerce.
 
CNTAC chairman Wang Tiankai said the textile and apparel bodies will work towards providing professional services to enterprises, which would include making information available about overseas markets, consulting services, trainings, and organizing exhibitions and conferences.
 
Representatives of large-scale textile and apparel enterprises who spoke at the conference said special attention should be paid to laws and regulations in foreign countries. They also stressed on the need to teach foreign languages as well as overseas marketing and management skills to professionals.
 
The focus should also be on establishing relationships with local partners and governments in foreign countries, building the images of Chinese brands and enterprises in those countries, as well as innovation in design and logistics management, they added.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X