According to Reuters news from Washington, on January 29, local time, the US Biden administration will re-evaluate the national security measures adopted by former President Trump, including the first phase of the China-US economic and trade agreement.
The report quoted U.S. government sources as saying that the Biden administration will suspend the implementation of U.S. tariffs on $370 billion in Chinese goods during the review period until a comprehensive review is completed and the United States finds ways to work with other countries to We will then decide what changes to make based on the best approach to China.
All Trump policies must be re-evaluated
Reports said that in response to questions about China and the United States When asked whether the Phase One economic and trade agreement is still valid, U.S. White House Press Secretary Jen Psaki said at the White House regular press conference on January 29, local time: “All measures related to national security introduced by the previous administration must be re-evaluated. , don’t take it for granted that it will continue to advance.”
According to reports, Psaki said that the Biden administration will focus on handling Sino-US relations from a strong position, which means that the United States will “engage with our allies and partners on how to deal with China.” Coordination and communication”.
Have Sino-US relations “turned over”?
The United States has officially entered the Biden era, and it is difficult to restart the turbulent Sino-US relations immediately. However, analysts believe that the “freezing point” relationship will be eased. Under the general direction of pressure, competition and cooperation between the two sides, the economic and trade field will become an easy repair zone.
Analysts pointed out that considering that the new Biden administration will first focus on the control of the new crown epidemic and economic recovery in the United States, the common interests between China and the United States in the fields of trade, humanities, and global governance will become an advantage for easing bilateral relations. factors, especially in the economic and trade field. In the post-epidemic era, the two sides are expected to strengthen trade and investment cooperation and even initiate renewed dialogue. During this period, a certain degree of trial period cannot be ruled out.
Re-evaluating the China trade agreement at this time is also giving themselves a chance to breathe. However, according to Biden’s previous statements, their China policy will not be very different from when Trump was in office, and even if there are any changes, they will be “a change of soup but not medicine.” According to the previous statement of the current US Secretary of State Blinken, the United States will continue to adopt a tough attitude towards China. Therefore, it is expected that after the US’s “delay strategy”, the country is likely to unite with other countries to make a “big move” against China. Therefore, China is still We should be prepared to meet various challenges from the United States.
With multiple benefits, bulk textile raw materials may rise again after the holiday
The new crown epidemic has caused devastating effects on the global economy and oil demand The impact is far greater than any financial crisis or economic crisis in human history. After the domestic bulk market surged in the first half of this year due to the epidemic, with the launch of the domestic dual-circulation economy, even under the obstruction of U.S. trade barriers, China’s textile economy still ushered in a strong recovery in the second half of the year, bucking the trend and growing by 9.6% ! The latest data released from the General Administration of Customs shows that in 2020, my country’s textile and apparel exports totaled US$291.22 billion, ending successfully with a year-on-year increase of 9.6%. This report card is hard-won and quite impressive.
With the support of the “stabilizing foreign trade” policy, China’s textile and garment industry exports have withstood the huge impact of the epidemic. Textiles have grown for nine consecutive months since April, and clothing has reversed since August. . Textile and clothing exports have grown for five consecutive months, directly driving the overall export growth of the country’s trade in goods by 1 percentage point and becoming an important driving force for the growth of the country’s trade in goods.
The stable release of export competitiveness is due to the continued improvement of consumer demand in overseas markets. However, the return of orders and, more importantly, the huge “magnetic attraction” formed by the stable industrial chain and supply chain system of the domestic textile industry have also From one side, it reflects the industrial practice of in-depth adjustment and improvement of development quality of my country’s textile industry.
Textile and apparel exports have grown for five consecutive months in the recent stage, and as the global economy recovers, China’s textile industry has the advantages of a concentrated industrial chain and rich upstream and downstream supporting facilities, which will become an important driving force for the growth of national trade in goods. , will also drive the demand for textile raw materials such as polyester filament to improve. The Sino-US trade reconciliation has added heavy weight, and the domestic bulk textile market may still be bullish in the future.
In short, the trade war farce initiated by the United States, which has lasted for more than two years, is expected to come to an end. During this period, the prices of cotton, cotton yarn, polyester, etc. have increased sharply. Fluctuations have had a considerable impact on my country’s textile industry.
In the recent period, domestic bulk textile raw materials have experienced a linear upward trend, and the positive effects are obvious. From the analysis of the current development trend of trade negotiations between China and the United States, things are heading towards the good. We are developing in the right direction and believe that there will be good results in the future. As for the new US government’s re-evaluation of Sino-US relations and how big the number of repairs will be, this should depend on the next performance of the United States. It must be pointed out that this must not beForced buying and selling, those who are competitive will not be sold, and those who are not competitive will be apportioned. After all, during the two years of the trade war, China’s foreign trade has continued to develop by leaps and bounds.
Professional opinions
Shaanxi Dada Textile Co., Ltd.: Beware of “black swans” after the holidays. The price of gray fabrics will follow the market.
View from the interviewee of Shaanxi Dada Textile Co., Ltd.: In 2020, the market price of gray fabrics showed a trend of first falling and then rising, and orders also fluctuated significantly. In the early stage, affected by factors such as the epidemic, global economic contraction, consumption downgrade, and significant reduction in demand, the gray fabric market shrank. Furthermore, the supply and demand of raw materials such as cotton and chemical fibers are out of balance, the prices of raw materials have fallen, and the prices of gray fabrics have fallen. Most market entities have a pessimistic attitude towards the gray fabric fabric market. Therefore, for a period of time, gray fabric manufacturers not only hoarded a large amount of inventory, but also could only maintain production at a minimum or shut down production lines. The biggest turning point came in August, when overseas end-of-year holiday orders suddenly arrived in large quantities (some of which were transferred and returned from India, Pakistan and other Southeast Asian countries and Brazil), and domestic demand for winter clothing fabrics increased sharply compared to the previous period. However, raw material manufacturers have insufficient stocking and production, resulting in supply exceeding demand. The prices of raw materials and gray fabrics began to skyrocket, not only returning to the original price level, but also rising. The market began to show a hot trend and maintained it until before the holiday.
After the Spring Festival, due to the unknown future situation of the epidemic, the United States issued restrictive measures on Xinjiang cotton, which accounts for 90% of the Chinese market, and other factors, the market is full of great uncertainty; raw materials Price instability will cause the price of gray fabrics to fluctuate after the festival.
Zhongheng Supply Chain: The healthy development of each link in the textile chain is inseparable from reasonable and orderly cost plus profit
Views from Zhongheng supply chain interviewees: In the year of the 2020 epidemic, the raw material end and spinning production end were operating at a loss, which itself is unreasonable; the price increase after the National Day has resulted in huge profits on the production end and trade end. , this is also unreasonable for receiving orders for downstream fabrics in domestic and foreign trade; therefore, I finally suggest that the textile chain, raw materials, production, trade circulation, fabric production, fabric sales and circulation, all links need healthy development and reasonable profits, so that the entire industry can have Moving forward, for all cotton yarn, the overall view is that cotton prices are still at the bottom, with a lot of room for growth, between 16,000 and 18,000. Personally, I think the price of cotton yarn has reached the ceiling, but since most powerful factories have received orders from May to June 2021 The price will be relatively stable before the Qingming Festival/May Day holiday and other holidays. Looking at the changes in the cotton market after that, even if the yarn price goes back, it will be a rationalization of the recent huge profit bubble. The actual cotton cost of the factory is not high. It is not that the market yarn price has fallen. This is two a concept. Regarding the rayon yarn market, I personally believe that viscose raw materials will still have an upward trend of 1,000 yuan after the year, around 15,500 to 16,000 yuan. The main reasons are the advancement of domestic environmental protection, the nationwide popularization of plastic restriction orders, and more and more links competing for raw materials such as wood pulp. Viscose yarns run in opposite directions, so it is recommended that you stock up appropriately.
The international environment tends to be stable, and textile companies should focus more on their own development. I believe that the future of the textile industry will be better! </p
