China’s Textile Industry International Competitive Advantage and Policy Suggestion

Textile industry has long been a pillar to China’s economy thanks to its advantage in factor endowment and market scale. Trade volume of textile sector has increased by 27.11 times during the past 25 years (from the Reform and Opening). In 2005, textile export took up 15.4% of China’s total export and 24.4% of the world’s total export in textile, and the production and export of Chinese textile products are both the largest in the world. Nonetheless, China’s textile industry is facing va…     

How to Achieve‘Mutual Benefits’and‘Win-win’Through the Cooperation Between India and China?(Part One)

At around 10 a.m. on July 6 th , China and India reopened the channel of frontier trade at the Nathula Pass, which is located on the border of Yadong County in Tibet's Shigatse region and Indian state of Sikkim, and resumed frontier trade between the two countries that ceased 44 years ago. In recent years, Sino- India trade value has increased with an average growth rate of 30% each year. According to the latest statistics of China's Min- istry of Commerce, the value has increased from U…     

China- Seven Years after Access into WTO

The Access into WTO is a milestone in China’s process of reform and opening- up. In 2001, China fi nally became a WTO member after years of negotiation to overcome the hardship in the way. Seven years passed, and China’s economy, in particular, its foreign trade has greatly evolved. Mr. Mike Moore- the No. 1 witness of China’s entry into WTO, came to Hangzhou on the invitation of the 15th Annual Global Finance Conference, and accepted our exclusive interview:     

Knit Different,Live Different

As the quota restriction on textiles export was cancelled, China would attract more stock and investment into this field after entering the WTO. In fact, there are still some trade barriers existing nowadays . Meanwhile the international demand on textiles begins to focus on newly high-tech performance fabrics which are the weak points of Chinese textile industry unfortunately. So the enterprises focus on high-tech and innovation could gain more commercial opportunities in this competitive world, and Fountain Set (Holdings) Limited is the one that grasps this golden key.     

Chinese Consumer Apparel Purchases

China is the world’s leading textile and apparel producer,but as China’s economy rapidly develops,all eyes are focused on the other end of the cotton supply chain--Chinese consumers. China’s middle class (with household incomes of＄8,300 to＄68,800) has grown 22% in the last two years,to reach 80 million,and is expected to increase nearly tenfold by 2020 (according to Euromonitor,July 2007).As the disposable income     

Scanning the Year’s Half:Hotspot Issues

The textile industry is growing at a slow speed against backdrop of outrageous rise in raw materials, energy, wages, yuan’s appreciation etc.. Three hot issues are more obviously brought into spotlight to be seen as most important factors that weigh a lot on the economic growth during the first half of the year and defi nitely the second half to come.A half of 2008 has elapsed, and the fore part of the year is mingled with hopes and worries, but the industry has managed to voyage on in the troubled waters. Reviewing the situation in perspectives, [[China Textile]] has summed up three hotspot issues that played protagonists in China’s textile industry: Firstly, outside-in sales from outbound shipment to homebound march on, secondly, the industry’s development is restricted by fund shortage; thirdly, the industrial adjustment and production relocation are still in progress.     

How to Achieve‘Mutual Benefits’&‘Win-win’Through the Cooperation Between India and China(Part two)

V.Indian key and distinctive industries (I) Farming, fishing, and livestock husbandry 1. India has abundant land resources. India has the largest cultivated land in Asia, with an area of 143 million hectares. India’s cultivated land area per capita is 0.16 hectares, two time that of China. China’s cultivated land only accounts for 13.54 percent of the total national land. In India, 43 percent of na- tional land is used for farming. India’s agricultural population is up to 62 percent of …     

China’s Confidence

With the spread of the global financial turmoil, China is under growing tension from its large population, limited resource, environment problems, and losing its competitive edge in the world as exports are being driven down by shrinking demand abroad as well as higher costs. Despite challenges, China still has a great potential to develop its domestic demand and a solid financial system. Under such circumstance, we should enhance confidence. It is imperative for us to perceive favorable conditions and positive factors for acting against the negative outside environment and promoting development in a scientific way.     

China Weights 24% in World Textile Trade

The recent World Trade Report from the WTO stated that China now takes 24% of the world textile and garment trade. The report also said that although the withdrawal of quotas has created a fairer trade environment, there's been a slow down in some developed countries economic growth and those countries currencies have been unstable. Those factors have contributed to a small jump of 5% in the world textile and garment trade in 2005, and China's textile and garment exports increased by 21% ag…     

The Industrial Advantage Revolution——Reconstruction and Upgrading in Sild Industry——The Third Series of Reports on Shengzhou:Building the Global Silk Industrial Cluster

Due to the increasing price of raw material,the appreciation of RMB and the change in draw- back tax policy,the tie producing industry of Shengzhou has met a new crossroad after 20 years’ development.The Shengzhou government is researching in the prospective development of tie industry,and has decided to implement the"Silk Expanding Project",whose goal is to form a silk industry base of China and even the world basing on the tie industry and other related textile industry.     

How to Import Textiles and Garments from China to Brazil

Brazil and its Textile Industry
Brazil has successfully hosted the World Cup in 2014 and will hold the Olympic Games in 2016, and each time the world＇s eyes focus on the host. Along with the global spotlight on the nation, the economy is booming. In the first and the second month of 2014, the growth rate of national revenue has improved in comparison to the last year and the Brazilian government has offered more jobs than 2013 by 77% year on year.     

''''One for One'''' Package to Support Xinjiang Cotton

For a long time, whether to distrib- ute more cotton quotas has been a hot is- sue in the industry, and the vexed debate between the textile enterprises and the cotton traders has never stopped. As a member of the WTO, China has promised to import cottons for 894,000 tons every year. The government then has implemented quota system to manage the cotton importing. Back then the quota system was going to prevent the swarm- ing of low priced imported cottons, and to protect the domestic cotton …     

核电设备国产化推进工作实践

In the wave of nuclear power renaissance in the world, China is set to actively promote the nuclear power construction. Since nuclear power has become one of the keys in China＇s energy development strategy, localization of the nuclear power equipment is a core issue in establishing a self-reliant nuclear power industry system in China. This paper elaborates on the significance of localization of the nuclear power system, and presents the experience and achievements obtained by China Guangdong Nuclear Power Group in promoting localization of the nuclear power equipment.     

My Way or High Way? New relationship of employer/employee and their respective ways of survival

Early in the gestation stage of the new labor contract law, the intensive debates sparked by worries and doubts prevailed, and the event of Huawei Group forcing their employees to re-apply for their jobs made this controversy reach fever pitch. When it came into effect on 1st January, 2008, confusions still bothered people of all sides: someone were on thorns about the increased cost and found wry ways to digest it, and someone were scramble to their rights and looked for shortcut to get it, etc. in particular, textile industry featuring labor-intensive will increase 20% on average in terms of cost, so how to cushion the blow and reverse adversity become prominent, what’s more, we should emancipate our mind to create profits rather than make ourselves balky with losses. Brand-building, technology application as well as expanding business abroad where with relatively cheap cost, etc, all of which can be utilized. In fact, launch of new labor contract law coupled with other polices home and aboard and materials cost increment lift the threshold of Chinese textile industry and rendered a new shuffling, so that the conception of "survival of the fittest" becomes the last straw we should grasp……     

ABSTRACTS OF SELECTED

Impact of the Ukrainian and Central Asia oil and crisis on China, Russia gas cooperation
By LU Yan＆ QIU Jinzi, China National Oil and Gas Exploration and Development Corporation
As the Ukrainian crisis continues simmering, Russia, the United States, Europe and other Western countries remain locked in a fierce rivalry, dramatically changing Eurasian geopolitics and the global energy map. A series of great game chain reactions caused by the crisis in the Ukraine have had a definite impact on Russia, China and Central Asian country energy cooperation. In response to the offensive on the Western front Russia is, on the one hand, speeding up the pace of its ＂Look East＂ strategy, achieving a major breakthrough in Sino-Russian gas cooperation. But there should be a clear understanding that Russia won＇t put all its hopes and interests into a single country, that is ＂Look East＂ does not mean ＂China-Centric＂. On the other hand, Russia is using its traditional political and regional advantages to quietly infiltrate Central Asian countries＇ energy, financial, machinery manufacturing, military and other industries, to enhance its influence on the five Central Asian countries＇ economies, in order to preempt the European energy strategy in Central Asia. Europe＇s and Russia＇s intense great- game rivalry over Asia, as an alternative supplier （Central Asia） or as an alternative customer （China）, has squeezed China＇s strategic space. But as the centrifugal force between Central Asian countries and Russia strengthens, and they firmly pursue primarily balanced diplomatic and energy-cooperation strategies, China must become an important pole in those strategies. China should re-assess the strategic position of Central Asia--Russia and increasing investment in resources; the overall weight to give Central Asia and Russia-China energy strategy, while at the same time taking into account the rest of the Asia-Pacific consumer area; and how close attention to pay to the state of Central Asia--Russia po     

Labor Contract Law,Warm or Cold for Migrant Worker?

The new labor contract law has exerted an unprecedented impact on manufacturing industry that has been progressing at much cheaper labor cost over years. The fact is the workers are not born cheap, they are made less costly without necessary welfares by some factory owners who often go to extreme to run sort of "sweatshop", as often reported by local and western media. The new labor rules could not possibly liberate all those sufferers.     

30-Year Reform and Opening up-Export Review(1978-2008)(Continued)

The year of 1994 was a milestone on a historical road of the textile trade development worldwide. The Final Act concluding the Uruguay Round and officially establishing the WTO regime was signed during ministerial meeting at Marrakesh, Morroco on the 15th of April, 1994, and hence is known as the Marrakesh Agreement. That marked a beginning of quota phase out. China has been on a resolute stance to trade restrictions and protectionism all through quota phase out and post-quota period and will continue to do so when safeguard deal terminates…     

Rocketing Trade Deficit Spells China''''s Yuan Rise in 2006?

The US Department of Commerce re-leased trade data on December 14, 2005,confirming that the miniscule revaluationof Chinese currency had the slightest im-pact on the bilateral trade deficit that willmost likely rocket to more than $200billion, an unbelievable new high in themodern history of America. China Cur-rency Coalition (CCC) contends that Chinakeeps the value of its currency artificiallylow, allowing for an unfair advantage bymaking made-in-China goods cheaperwherever it goes.Even …     

Editor’s Letter

Dear readers, When the new year rolled around, the Chinese textile players were gassed withjubilant celebrations over the victory in the global textile trade arena as China really"reaped the dominant benefits from quota-free world", with its textile trade surplusamazingly hitting $100.4billion in a sharp contrast with its nation's total trade surplusof $101.8 billion. China wrought wonders; meanwhile it has also brought forth athickening worry from the rest of world textile suppliers who are k…     

Italy: From Products to Lifestyle

The Italian Trade Commision—I.C.E is the government agency entrusted with promoting trade,business opportunities and industrial co- operation between Italian and foreign companies,mostly by organizing the participation of Italian firms to international trade fairs,exhibitions, workshops and bilateral meetings,covering every year more than 100 countries all over the world.Mr.Antonino Laspina is the Trade Commisionner and Coordinator of ICE Offices in China.