Home / Knowledge / News / Textiles / 'Chinese competitiveness dips in low-end textile items'
'Chinese competitiveness dips in low-end textile items'
03
Jul '13
The global competitiveness of Chinese textile firms, especially in low-end products has declined markedly in recent years, according to Wang Tiankai, chairman of China National Textile and Apparel Council (CNTAC).
 
Addressing a conference to discuss the implementation of China’s ‘Going Out’ strategy, as outlined in the country’s Twelfth Five Year Plan, Mr. Tiankai said the share of China’s textile fibre processing industry in the world has risen from 25 percent in 2000 to about 55 percent in 2012.
 
Similarly, the share of China in global textile export volume has risen from 15 percent to approximately 36 percent during the same period, which shows that the Chinese textile industry is ‘going out’ in practice.
 
However, the global competitiveness of the Chinese textile industry has declined markedly in recent years due to a rise in production costs and the prices of domestic cotton being higher than global prices, he said.
 
On the other hand, the textile industries in Southeast Asian countries and other developing nations are developing rapidly due to low labour costs, which in some countries are about one-third of the costs in China, he added.
 
In view of increasing resource and environmental constraints as well as increasing international market competition, the Chinese textile industry needs to make full use of international high-end talent, technology, channels and other resources, by ‘going out’ to seek better allocation of resources and to build a more efficient global supply chain, Mr. Tiankai said.
 
The future of the Chinese textile industry would depend on the ability to effectively improve cross-border allocation of resources, build integrated service platform to guard against investment risks, and the creation of a better policy environment by the Government, according to Mr. Tiankai.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Mohammad Hassan
Biax Fiberfilm

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

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

Pranav Mishra
Huemn

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

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

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search