How Does China's Cotton Textile Industry Adapt To High Cost?

In recent years, China's cotton textile industry boom index is in the 45~50 interval, and the industry is running short. According to Wang Qingcui, vice president of China Cotton Textile Industry Association, with the acceleration of transformation and upgrading of enterprises, adjusting products to adapt to the market, the fourth quarter of last year, the operation of enterprises has stabilized, and the prosperity index has risen slightly.

According to Wang Qingcui analysis, with the improvement of environmental management requirements and the cost and quality of cotton, the arrival of the high cost era of yarn production is inevitable. But our country Cotton textile industry The industrial system and industrial chain are intact, and the future domestic demand market still has great potential.

High quality cotton supply gap, cotton new policy will be clear; import yarn growth slowed down, domestic cotton consumption or upgrade; foreign trade in the short term is difficult to warm up, international trade competition will be more intense.

Wang Qingcui pointed out that in the context of the supply side reform, the adjustment and innovation of cotton textile enterprises are concentrated on 5 aspects: first, improving product quality, increasing product variety and providing effective supply; second, production is developing towards digitalization, continuity and intellectualization; and third, increasing the strength. Cotton fiber Innovation and development capability; fourth, integration of the upstream and downstream industries chain, and two international and domestic markets; fifth, upgrading the quality of domestic cotton and solving the structural contradiction between supply and demand.

Sheffi compared the textile industry between China and the United States. He believes that the advantages of China's textile industry are relatively controllable labor costs, strong industrial matching capabilities, and complete products; disadvantages are scattered enterprises, small businesses, low per capita efficiency, inadequate development of new products and new technologies, and lack of matching technology. The advantage of the US textile industry is the realization. Scale The production efficiency is high, the design and technical ability is strong, the disadvantage is the lack of flexibility in production, and more emphasis on quantity and productivity.

Sheffi suggested that China's textile industry should upgrade its industries based on comparative advantages, retain the middle and low end, strive to move towards the high-end and take the road of transformation with Chinese characteristics. We should strengthen technological innovation and brand building to enhance international bargaining power.

For enterprises, Sheffi believes that production enterprises should be lean production, reduce waste, business oriented enterprises should be data oriented to achieve rapid response. It is expected that as the national economic growth rate continues to slow down, the industry will maintain a low growth rate. The output of products has dropped down rationally, the adjustment of product structure has been speeded up, and the task of upgrading and upgrading technology is arduous.