China'S Textile Industry Has Entered A Deep Adjustment Cycle.

< p > China's cotton and < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > Industry Development Forum co sponsored by China Cotton Reserve Management Corporation (middle reserve cotton) and intercontinental futures exchange were held in New York on 15 th.

Industry participants said that China's textile industry is in urgent need of overall pformation and upgrading.

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Lei Zhaohui, deputy general manager of Hebei Shengyuan Textile Co., Ltd., said at the forum that with the rapid development of China's economy for more than 30 years and the improvement of people's living standards, labor costs, energy costs and raw material costs of Chinese textile enterprises are increasing substantially.

He believes that China's textile industry has entered a deep adjustment cycle.

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< p > Lei Zhaohui suggested that first, enterprises should adjust their product structure and abandon low, low end, low value-added products and turn to high, high-end and high value-added products.

Secondly, to improve the level of refinement, the core is to improve the management level and technology level.

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< p > Third, do a good job in the integration of industrial chain, establish a close link between upstream and downstream, from cotton to brand, from research and development to sales, and establish a strategic cooperative relationship.

Fourth, actively expand the field of marketing, without giving up the textile "a target=" "_blank" href= "//www.sjfzxm.com/" > clothing < /a >, combined with the upgrading of traditional industries such as medical, health, construction, pportation and other traditional industries, focusing on the rise of the new and newly emerging industries such as aeronautics and Astronautics, environmental protection, so as to expand the application field of textile fiber materials and products, and seek new impetus and support for the development of the textile industry.

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Liu Hua, general counsel of the Central Cotton Storage expert, said at the forum that since the beginning of this century, China's accession to the World Trade Organization has witnessed the rapid development of the domestic textile industry. P

The rapid expansion of textile production requires a large amount of cotton raw materials.

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< p > the ratio of using cotton decreased year by year, from about 60% of the beginning of this century to about 40%, and the annual cotton consumption remained at around 10 million tons for many years.

In the past two years, there is a big difference between the price of China's cotton purchase and storage and the international cotton price. In a positive sense, this has prompted a part of low-level expansion of textile enterprises to accelerate the pace of technological pformation, in a sense, accelerating the pformation and upgrading of China's textile enterprises as a whole.

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