Mr. Sun Ruizhe: The future of the Chinese textile industry

Nov 10, 2020  |  by Zhao xh
At 18:00 on October 22, Beijing time, Sun Ruizhe, president of the China National Textile and Apparel Council, was unanimously approved by the 2020 International Textile Manufacturers Federation Board of Directors and was elected as the president of the International Textile Manufacturers Federation (ITMF). During the ITMF Annual Conference, Mr. Sun Ruizhe delivered a speech “The future of the Chinese textile industry”, looking forward to the future of China’s textile industry from several perspectives such as how the textile and apparel industry will develop under the pandemic and the new changes in China’s textile and apparel industry under the changing circumstances.



Five characteristics of China’s textile industry in the first three quarters
Like the textile industry in the world, the pandemic has also had a significant impact on China’s textile industry, but China’s textile industry has shown strong resilience and vitality. From January to September, the industry showed five major characteristics: production maintained steady recovery, domestic demand market continued to recover, industry exports accelerated, industry investment confidence remained sluggish, and operational quality and efficiency improved.
 
In addition, in the fight against the COVID-19 pandemic, China’s textile industry has made important contributions to safeguarding the world’s pandemic prevention and control. According to statistics, from March 15th to September 6th, China exported one billion masks, and exported one billion protective clothing, and the number of export countries and regions exceeded 200. In terms of countries, from January to July, the United States imported masks from China (1 billion U.S. dollars), accounting for 87.3% of the United States’ global market import share; from January to August, Japan imported masks from China (1 billion yen), accounting for 92.0% of the Japan’s global market import share; from January to June, the EU imported masks from China (1 billion euros), accounting for 92.0% of the EU’s global market import share.



Regarding how the Chinese textile industry took the lead in recovering from the impact of the pandemic, Sun Ruizhe shared some experiences with the participants:
First, China’s textile industry has established a vertical industrial chain since the founding of New China, which has laid a stable foundation for future development; second, in the late 1970s, China began to open up to the world, and the Chinese textile industry took full advantage of the opportunities of internationalization and soon expanded the industry; third, after China’s entry into the WTO, China’s textile industry seized new opportunities and provided better products and services for the world market. During the world financial crisis, through the support of the Chinese government and the efforts of various industries, China has become an early country emerging from the financial crisis; fourth, China is one of the earliest countries in the digital economy and has the advantage of online and offline integrated development; fifth, the implementation of China’s “Belt and Road” initiative has allowed China’s textile industry to expand into a wider market.
 
Sun Ruizhe analyzed that because of the impact of the pandemic, the textile and apparel industry needs to adapt to a different world. The world economy has fallen into a synchronous recession; the deconstruction and reorganization of global resources has accelerated, and industrial chain cooperation has been under pressure; changes in production and lifestyle have promoted the accelerated expansion and sinking of the digital economy; accelerated the formation of green production and lifestyle.
 
In such a changing situation, Sun Ruizhe summarized 4 new changes in China’s textile and apparel industry:
 
The first is “data + manufacturing” to create a more flexible new supply. Data has been fully integrated into the industrial production system and operation system, becoming the most active element throughout the entire industrial system, and the flexibility of the industrial supply chain has been significantly enhanced; the second is “content + products” to create more sticky new consumption. For content such as short videos and live broadcasts, e-commerce provides consumers with precise and immersive product services through strong interactive consumption scenarios. Use culture and IP to empower products, increase the added value of products, and create new customer groups; the third is “industrial clusters + new economy” to create a new ecosystem of collaborative innovation. Industrial clusters are becoming an important incubation ecology for new economic formats such as vertical e-commerce and cross-border e-commerce. The rapid development of the new economy has become an important way to stimulate the vitality of cluster resources; the fourth is “domestic market + international market” to create a new cycle of mutual promotion. China’s textile industry is backed by a large domestic demand market, and it is also a typical representative of China’s open economy.
 
Sun Ruizhe pointed out that China is about to enter the “14th Five-Year Plan” period. The textile industry needs to strengthen global cooperation and find a new position for the industry in social and economic development: a pillar industry for national economic and social development, a basic industry for solving people’s livelihood and beautifying life, an advantageous industry for international cooperation and integrated development. In the future, China Textile will be an industry of responsible development, innovative development, coordinated development, and intensive development.

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2024.12   

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