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How Will China's Textile Industry Change In The Next Five Years?

Nov 01, 2017

At present, the effective supply of high-end products in China's textile industry is insufficient, and the low-end products have stage and structural overcapacity.

Favorable factors:

Good policy+"Internet + textile" new mode+Adjustment of regional industrial structure+Brand building continued to advance

Adverse factors:

Cost advantage no longer+Exports fell+Low-end products have excess capacity.


Chinese textiles and clothing have always been in the international market with low prices. Although the export volume is large, the added value of the products is obviously low.At present, the effective supply of high-end products in China's textile industry is insufficient, and the low-end products have stage and structural overcapacity.The supply-side reform in the textile industry is expected to continue to eliminate backward production capacity, especially in the context of high labor costs, and the future of low value-added products will be more limited.


In recent years, the cost of textile industry in China has risen obviously, and the cost advantage is no longer.China's textile industry faces four high costs, starting with Labour costs.With the demographic dividend of cheap labor in China going away, and the rise of textile industries in southeast Asia and other places, the foreign environment poses severe challenges for domestic textile enterprises.In the developed countries, the "reindustrialization" and the developing countries have accelerated the double extrusion of the industrial process, and the labor cost advantage of developing countries in Asia and Africa is obvious.The international comparative advantage of China's textile industry is weakening.Second, energy costs, transport costs and environmental governance costs.