Crichina Maintains Its Leading Position In Textile Industry
www.cri-report.com – After years of development, Chinese textile industry has possessed obvious competitive advantages in international market, which are mainly reflected in cost, scale and quality, i.e., complete industry chain, abundant labor resources, increasing investment, brisk demand in the market home and abroad, and steady social and political environment. Since China has a large population, Chinese textile industry enjoys a huge market.
However, the current development of Chinese textile industry is restricted by the following respects: firstly, improvement of grade and quality of processed and OEM products is promoted by the upgrade of textile machinery, while high-end textile machinery heavily depends on import; secondly, production lines mainly concentrate in traditional clothing field, while household textiles and industrial textiles own weak competitiveness; thirdly, since China lack marketing channels in international market and well-known international brands, Chinese control capacity of high added-value links in industry chain is weak, and China is often in an inferior position.