Textile enterprises’ enthusiasm for “going global” is on the rise

In recent years, consistent with the domestic economic development trend, the growth rate of the textile industry has shifted from high speed to medium speed. The growth rates of economic scale, total exports, total investment and other indicators have all declined. The industry economy is “new normal” “The characteristics are obvious, but the pace of internationalization of enterprises “going out” and implementing overseas investments is constantly accelerating.
The enthusiasm of textile enterprises to “go global” shows a rising trend. In 2014, my country’s overseas direct investment in manufacturing was US$19.33 billion, 12.7 times the amount of foreign direct investment in the same period of US$1.52 billion. In line with the overall situation of the manufacturing industry, overseas investment in the textile industry has accelerated in recent years. By the end of 2014, Chinese companies had established more than 2,600 textile and apparel production, trade and product design companies overseas, with investment destinations in more than 100 countries and regions, of which Asia is The area with the highest concentration of investment. According to data from the Ministry of Commerce, developed coastal provinces are the main export destinations for overseas investment in the textile industry. The number of enterprises with overseas investment in the textile industry in Zhejiang, Jiangsu, Shandong and Guangdong provinces accounts for 78% of the total number of enterprises.
The “going global” strategy of the textile industry is in line with the laws of market economy. According to the experience of developed countries and the research results of economists, when a country’s per capita GDP reaches 4,000 or 5,000 US dollars, the pace of “going global” will accelerate and it will gradually become a net capital exporter. In 2012, my country’s per capita GDP exceeded US$6,000, and it was in a period of substantial increase in foreign direct investment. my country is the largest producer, exporter and consumer of textiles and clothing. It has the most complete industrial chain in the world and has grown a number of advantageous enterprises with capital, technology and talent to reduce product costs, circumvent trade barriers and utilize international raw materials. Resources, etc. are the main motivations for textile companies to “go global”. A number of key industry enterprises, represented by knitting and cotton spinning enterprises, have begun to build overseas production bases, and some enterprises have integrated international raw material resources, design and R&D resources, brands and marketing channels through foreign direct investment and mergers and acquisitions.
The textile industry’s “going out” strategy and industrial transfer are implemented simultaneously. Our country has a vast territory and uneven regional development. Actively guiding industrial transfer to form an industrial layout with coordinated development in the east, middle and west is one of the key tasks for the development of the textile industry, and has achieved good results. In 2014, the main business of textile enterprises above designated size in the central and western regions Revenue accounted for 22.5% of the entire industry, an increase of 5.7 percentage points from 2010. “Going out” and industrial transfer are both important components of the upgrading of the textile industry. The scale of foreign investment is still smaller compared to domestic investment. According to statistics from the Ministry of Commerce, the textile industry’s foreign direct investment in 2014 did not exceed 10 billion yuan. During the same period, the actual investment in fixed assets of the national textile industry exceeded one trillion yuan, while the central and western regions realized investment of 429.1 billion yuan.
The “going out” strategy of the textile industry has boosted the pace of international development of the industry. With the implementation of the “One Belt, One Road” strategy and the advancement of infrastructure interconnection, it has created better industrial supporting conditions for textile companies to “go global” and laid out global production and manufacturing bases to improve international competitiveness. my country’s textile enterprises have obvious advantages in the production and manufacturing process. A group of advantageous enterprises have the ability to “go global” and integrate international design and R&D, brand and channel resources, gradually control the high end of the value chain, and form international brand enterprises. This is the development and industry of textile internationalization. Important content of the upgrade.
“Going out” is an important part of my country’s textile industry in establishing a global industrial chain. It is consistent with the goals of structural adjustment, transformation and upgrading of the textile industry. Actively utilizing international and domestic resources and markets to improve the level of the value chain is conducive to promoting the transformation of a large textile country into a powerful country. .