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

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

IOC, MCPI to set up ₹1000 cr PSF unit in Odisha

Textiles | On 23rd May 2018

IOC, MCPI to set up ₹1000 cr PSF unit in Odisha

Indian Oil Corporation (IOC) has teamed up with Materials Chemicals...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Vasanth Kumar
Max Fashion India

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

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Abhishek Pachauri

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

Urmil Arya

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search