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

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

China’s JD.com announces financing pacts for JD Logistics

Textiles | On 21st Feb 2018

China’s JD.com announces financing pacts for JD Logistics

China’s largest retailer JD.com Inc recently announced it has entered ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

February 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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

Yes No

Active Poll

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

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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

Yes No

Active Poll

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

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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

Active Poll

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

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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