As an important traditional labor-intensive export industry, textile and garment industry has been a large proportion of China's export trade. However, since 2015, by the global economic slowdown, exchange rate fluctuations, high domestic manufacturing costs and other factors, China's textile and garment exports continued to decline, the situation is not optimistic. In this context, the well-known textile and garment industry closed down the news stop.
Due to rising labor costs, many orders have begun to shift to Southeast Asia. "Southeast Asian countries, technology and management is relatively behind China, our company mainly produces high-end clothing products, so the impact is not too great, but some of my friends of the company last year, orders volume of 20% to 30% decline.
In addition, the environmental pressure is also an increase in the cost of textile and garment enterprises one of the factors. Fu Jin said that in recent years, environmental protection efforts to increase the number of dyeing factories facing rectification, a large number of old equipment was forced out, dyes and other raw materials costs indirectly led to the rise in the cost of textile and garment enterprises.
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