Go all out for the economy! What should cotton spinning companies do?

Recently, international business activities have begun to gradually recover, and many places across the country have chartered flights overseas to “grab orders” and flooded the circle of friends. 63 foreign trade companies from Nantong organized a delegation to Japan to participate in the Textile and Garment Exhibition. Suzhou chartered a flight to Japan and won over 1 billion new orders before flying to Europe. Zhejiang organized more than 10,000 companies to participate in economic and trade activities abroad… Many textile companies participated. Restarting the new journey of “going overseas” to grab orders, it’s time to “strive for the economy”!

In recent years, the restructuring of the global textile supply chain has also had a considerable impact on my country’s cotton textile industry. Faced with these changes, my country’s cotton textile enterprises not only need to adapt, but also need to participate. As one of the earliest and most involved areas of globalization, what should Chinese cotton spinning industry companies do?

Global industry, global development

As an important origin of China’s modern textile industry, the cotton textile industry is a basic industry with profound accumulation. It is an industry that enriches people’s livelihood and is also a global industry that is open and cooperative. It is of special importance in the textile and apparel industry.

Since this year, in the face of unexpected changes in the external environment, the China Cotton Textile Industry Association has taken pragmatic measures to guide the healthy development of the industry and achieved remarkable results. The industry has moved forward under pressure, not only making outstanding contributions to stabilizing the economy, protecting people’s livelihood, and promoting employment, but also effectively ensuring the stable operation of the global cotton textile industry chain and supply chain.

At this stage, the macroeconomic development situation and the overall operation of the textile industry are topics of common concern to the majority of cotton textile enterprises. Zhao Mingxia, deputy director of the China Textile and Apparel Federation’s Industrial Economics Research Institute, once pointed out that in 2022, both supply and demand ends of the textile industry will be under pressure, and theeconomic performance Continued to slow down, the epidemic has affected the stability of the industry’s start-up, and weak demand has made it difficult to transmit high raw material costs downwards. The overall industry’s profit growth pressure is huge, but exportsExhibits a strong supporting effect.

The global economic outlook is highly uncertain, downside risks are increasing, my country’s macroeconomic fluctuations have resumed, and there is the possibility of higher-than-expected growth. The textile industry will continue to operate under pressure. Zhao Mingxia suggested that in the future, enterprises should do things that are certain and controllable amid uncertainty, persist in carrying out technological transformation, management innovation, and “three products” improvement, seize opportunities for technological innovation, promote digital transformation, and make good use of digital innovation results. , and explore an internationalization path that is compatible with its own development goals.

In fact, as early as January this year, the China Cotton Textile Industry Association wrote and released the “Guiding Opinions on the Development of the Cotton Textile Industry during the 14th Five-Year Plan”. Dong Kuiyong, President of the China Cotton Textile Industry Association, also said in his interpretation that based on the new development stage , China’s cotton textile industry should further improve its technological innovation capabilities, create a new model of intelligent manufacturing, and accelerate green transformation. During the “14th Five-Year Plan” period, China’s cotton textile industry should focus on improving the coordination of industrial development, building an industrial safety development system, improving scientific and technological innovation capabilities, improving product core competitiveness, promoting green and sustainable development, and strengthening professionalTalent system construction, in order to achieve transformation and upgrading, help build a new “dual cycle” development pattern, and orderly promote the “dual carbon” strategy.

In terms of foreign investment, Liu Yaozhong, deputy director of the International Trade Office of the China National Textile and Apparel Council, also pointed out that the cotton spinning and clothing industry has an early “going out” process, and foreign investment and mergers and acquisitions The scale and stock are large; the way textile companies use funds is more international, and investment flows to international financial centers such as Hong Kong and Singapore have increased; the epidemic factors have not significantly weakened the enthusiasm of enterprises in the industry for foreign investment, and companies still overcome difficulties to carry out overseas operations.

In addition, there is one point worthy of the attention of the majority of cotton textile enterprises. In recent years, exports to countries along the “One Belt, One Road” and RCEP countries have shown an overall obvious upward trend. In the first 10 months of this year, my country’s textile industry exported US$79.35 billion in textiles and clothing to the RCEP regional market, a year-on-year increase of 14%, and the growth rate continued to increase by 0.3 percentage points compared with the first half of the year. Recently, leaders of China and ASEAN countries have jointly announced the launch of China-ASEANFree Trade Area version 3.0 negotiations. At the same time, they will continue to improve the “Regional Comprehensive Economic Partnership Agreement” of each member. (RCEP) implementation capabilities, which will help my country’s textile industry further unleash the potential of trade cooperation with ASEAN countries.

The industry is facing a drastically changing trade environment and an unavoidable economic cycle. Liu Yaozhong said that in the future, companies should focus on accelerating the construction of a new development pattern with the domestic cycle as the main body and domestic and international dual cycles reinforcing each other, as well as promoting shared development. The construction of “One Belt, One Road” highquality development will be carried out in two directions for investment layout.

Accelerate the process of digitalization and greening

Since the beginning of this year, the severe and complex external environment has brought greater than expected pressure, which haspotential and applications. For example, consumers need products that are compatible with multiple scenarios and can be switched at will. They also prefer skin-friendly fabric products made by blending high-count cotton with Tencel, Modal, etc.; they like cotton with a natural texture and grainy feel. Fabrics, graphene denim and organic cotton have also become favorite categories among young people in urban life. In addition, clothing with no sense of season and gender-neutral style has gradually become the “favorite” of many young consumer groups.

As green and low-carbon consumption has become a national fashion, regenerated cellulose fiber is deeply loved by consumers for its skin-friendly comfort, good hygroscopicity and breathability. Cui Haiyan, senior engineer of Tangshan Sanyou Group Xingda Chemical Fiber Co., Ltd., said that as terminal clothing brands gradually increase their demand for green and sustainable raw material procurement, in the future, the source of the textile industry must strengthen horizontal cooperation and vertical cooperation with fabrics and terminal brands to jointly Develop new products needed by the market and provide green, sustainable, high-quality textile raw materials for end clothing brands and consumers.

Innovation determines the high value line and the bottom line of safety of the industry, as well as the actual boundaries and future space of the industry. Innovation and creation are coming, impacting the original industrial ecology and shaping new development opportunities. As Sun Ruizhe, president of the China Textile and Apparel Federation, said, along with human civilization and global development, a history of cotton spinning is a history of the world. Chinese-style modernization is opening up a new form of human civilization, and China’s cotton spinning industry has great potential in it. At this stage, industry enterprises must seize the opportunities of the times in the development of the digital economy, seize the opportunities of the development of the green economy, and seize the opportunities of the times in the development of the creative economy, reshape the industrial structure and ecology, and create new value and new advantages.

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