Recreating New Competitive Edge in the Industry
Since the implementation of the “One Belt and One Road” initiative, with the continuous strengthening of the “five links” such as policy communication, facility connectivity, unimpeded trade flows, financial financing, and people-to-people links, the textile industry has been “going global” in the process of global deployment and capacity cooperation. gain much.
In the interview, Xu Yingxin stated that from a national perspective, China began its transition from a capital-importing country to a capital-exporting country last year. In particular, the “One Belt and One Road” initiative and the firm implementation of the international capacity cooperation strategy have made the textile industry’s capital smoothly go to sea. "The global layout has created an unprecedented macroeconomic and political environment.
According to a company that has been developing in Ethiopia for many years, “When you first arrived in Ethiopia, it took an average of five months to transport containers from China to Ethiopia, and now it can arrive in one month. The transportation cost accounted for 6% of the original, and it now drops to 4.2. The shipment from China to Addis Ababa, capital of Ethiopia, took only 25 days, and the transportation cost accounted for only 2.1%, in order to achieve the goal of becoming an African manufacturing center in Ethiopia by 2025, the local government will be hard at work to provide Excellent business environment.
In recent years, many countries and regions along the “One Belt and One Road” also regard the textile and clothing industry and Chinese textile and garment enterprises as “Sweet Jasmine”, and have formulated a series of revitalization plans to expand exports and improve the industrial chain so as to enable the country’s textile and garment industry. Get rapid development.
In particular, seeing more opportunities for cooperation and development with China, the awareness of open cooperation between countries and regions along the “Belt and Road Initiative” has been significantly enhanced, and relevant laws and regulations, preferential policies and government services have been continuously improved, and they are dedicated to foreign countries including Chinese companies. Investors provide more attractive conditions and look forward to and welcome Chinese companies to invest in the industry.
From an industry perspective, since the financial crisis, the recovery in total world demand has been weak, and many factors inside and outside have caused the international comparative advantage of the textile industry to be challenged unprecedentedly. “Going global” actively takes control of high-quality resources in the vertical industry chain on a global scale, and it is an inevitable move for the industry to re-create new advantages in international competition.
When “focusing on” the international layout of China's textile industry, Xu Yingxin proposed to focus on opportunities for productive layout cooperation between the China-Southeast Peninsula, China-Pakistan Economic Corridor, Bangladesh-Indian-Burmese Channel, China-Central Asia, and China-Africa, and of course, Pay attention to risk management. At the level of high-quality resource cooperation in the industry chain, global mergers and acquisitions should be carried out in specific sub-sectors such as upstream and downstream quality resources in the industrial chain, advanced research and development capabilities and technologies, and terminal channels, so that the backbone weaving loom machine enterprises of the Chinese textile industry can pass global quality resources. The deployment and collaboration of the company has successfully grown into a global company with continuous profitability and innovation capabilities.