The situation of textile and garment industry is grim

The ever-increasing price difference between domestic and foreign cotton and the unreasonable circulation system have caused a large negative impact on the industry. The cost of production factors such as the labor force continues to rise, and the profit margins of enterprises are squeezed, making it difficult for some small and medium-sized enterprises to survive. The external environment is not optimistic. The inherent contradictions in the development of the industry still exist. The obvious differentiation of the company's operating efficiency, the imbalance of the upstream and downstream benefits of the industry chain, the unbalanced regional development, and the unbalanced development of enterprises according to the ownership system also cause the industry's overall economic growth to decline significantly. .

Affected by the macroeconomic environment, the demand in the domestic and foreign markets has significantly weakened, and the deceleration trend of the economic growth of the textile and clothing industry has continued. The growth rate of major economic indicators has decreased significantly compared with the same period of last year, and the decline in exports and benefits has been particularly serious. When interpreting the current operation of the textile and garment industry, Wang Tiankai pointed out that “the overall operation of the textile and garment industry can be summarized in four words: it is more severe.”

Wang Tiankai pointed out that under the circumstances of unbalanced development, uncoordination, and factor constraints among industries, enterprises, and regions, the optimal allocation of resources across large regions by large companies is a trend, and the space for transfer is huge, but the issues that need attention remain.

“Industry transfer and acquisition must allow the market to play a leading role, take a long-term perspective, find a good position, do a good job of planning, maintain the stability of the policy, improve the quality of labor force and labor productivity, and upgrade the advantages of quantity to a qualitative advantage, and build the park’s The overall advantages of the industry chain, based on transformation and upgrading, and upgrading through the transfer.”

In response to the current shift in garment orders to Southeast Asian countries and companies investing in factories in Southeast Asia, Wang Tiankai emphasized that a combination of political, economic, legal, infrastructure, and labor quality requirements should be used to comprehensively examine the advantages of transfer and grounding.