The Loss Of Orders In China'S Textile And Clothing Industry Is Facing Fierce Competition From Southeast Asian Countries.

China

The clothing industry is facing fierce competition from Southeast Asia and other countries. When enterprises look for export breakthroughs, they are competing from many countries such as Kampuchea, Bangladesh, Vietnam, Pakistan, India and Sri Lanka.

According to authoritative reports,

Textile and garment market mainly comes from China and Vietnam.

2014, China's textile industry

Exports to the United States amounted to US $33 billion 450 million. In the first two months of this year, Vietnam's textile and clothing exports amounted to US $3 billion 400 million, an increase of 15.8%, a record high. In March, Vietnam exported 7.5% of its garments and garments textiles to 7.5%. As the world's second largest exporter of textiles and clothing, India also announced the foreign trade policy of 2015 to 2020. The focus of the new policy is to promote textile and clothing exports.

The labor force in Southeast Asian countries is relatively cheap, especially in those countries where tariffs are relatively low, and even some countries such as Bangladesh and Kampuchea have implemented a zero tariff policy. This has enabled China to compete with these countries and regions for foreign markets.

Chinese textile and garment industry related personages analysis, the European Union, the United States and China Hongkong is Guangdong clothing.

The old market has little change under the influence of the big environment, but the market share is shrinking.

There is also a view that although China has certain advantages in terms of design and technology compared with these countries and regions, it has to admit that these countries and regions are trying to narrow the gap with China, and the competition from these countries and regions should not be underestimated.

In addition, textile and garment enterprises have been troubled by the appreciation of the renminbi and the sharp rise in raw material prices.

At present, many orders have been sent to Vietnam, Kampuchea, India and other competitors.

It can be seen that textile and apparel orders are pferred to newly emerging manufacturing countries with lower cost.