The Dual Circulation Development Path of China's Textile and Apparel Enterprises Under the Supply Chain Restructuring
——Rosa Xue, Assistant director of the International Trade Office of the China National Textile and Apparel Council
The report was divided into four parts.
Part One: Overview of the Textile Industry's International Development
Thanks to its complete industrial chain and strong production and trade scale, China's textile industry has upgraded its overseas investments from products to production capacity, brands, and supply chains. Investments are being advanced across multiple regions, with over $6 billion invested in Belt and Road Initiative countries.
Part Two: Current Challenges in the Industry's Internationalization
Global economic growth is slowing, and global trade expansion faces risks of decline. Trade protectionist measures, such as U.S. tariff hikes, have impacted textile exports, leading companies to pay greater attention to trade barriers. While China's textile export value remains relatively stable, shifts have occurred in export volumes to different regions.
Part Three: Opportunities and Challenges in Key Regional Cooperation
Southeast and South Asia offer advantages in labor and energy costs but lack sufficient industrial support and infrastructure. African countries possess resource and market potential, though some nations carry higher political risks.
Part Four: Recommendations for High-Quality International Cooperation
Ms. Xue suggested that companies expanding overseas should align with strategic objectives, conduct thorough due diligence, enhance local management, and cultivate international talent. When establishing new foreign-invested enterprises or acquiring local businesses, it is crucial to ensure the alignment of corporate culture and values with those of the Chinese headquarters.