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

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Vasanth Kumar
Max Fashion India

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

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

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

Prathyusha Garimella
Prathyusha Garimella

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

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

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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