According to the relevant information of the National Bureau of Statistics，China's textile industry has an irreplaceable historical position in satisfying and stimulating domestic demand and participating in global competition.
No industry lacks competition. Especially for the traditional printing industry, under the large-scale and homogenous business model, about 70% of the enterprises in the above-scale textile industry have an average profit margin of only 0.1%. And the competition is fierce.
From the analysis of industry trends, China's textile and garment exports have been concentrated in developed countries and regions such as Europe and the United States for many years. Exports to these countries and regions account for more than 50% of China's total textile and apparel exports.
And the export market is too concentrated and intensified. The fierce competition. The textile manufacturing industry must break through the traditional model. From the manufacturing industry with low cost and cheap labor as its main advantages, it will shift to a new type of manufacturing industry that focuses on research and development, from production efficiency to brand efficiency and high value-added.
The Chinese textile industry is one of the pillar industries in the country, so the development prospects are booming.