Home / Knowledge / News / Textiles / Textile SMEs face difficult situation in China
Textile SMEs face difficult situation in China
26
Nov '13
The small and medium enterprises (SMEs) in the textile sector, which play an important role in the development of the Chinese industry, are facing difficult situation, according to a recent analysis made by Champoux consulting.
 
The report points out that internal development imbalance still exists, as large enterprises are further consolidating and stabilizing while small and medium businesses are still facing relatively difficult period.
 
According to data, SMEs account for 90 percent of total number of enterprises in China, providing 80 percent of urban jobs, and contribute about 60 percent to GDP. In this, the role of the textile industry is particularly important.
 
But, the development of SMEs still faces bottlenecks due to domestic and international economic slowdown, fluctuations in raw material prices, rising labor costs, increasing pressure on energy conservation and other factors.
 
Among the current constraints of textile SMEs, the most prominent is the high price of domestic cotton, which forces SMEs to either limit or discontinue production.
 
The other major problems are difficulty in getting finance, and difficulty in recruitment of skilled labour, which restrict the development of the enterprises.
 
The China textile industry analysis research report 2013-17 from Champoux consulting says looking at the current situation, the overall development situation and environment for SMEs is negative.
 
The report says the Chinese textile industry is currently in a transition period of structural adjustment, with industrial development being concentrated on large enterprises. In this situation, the development of SMEs would be increasingly difficult.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

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

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
January 2017

January 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