Recently, Sino-US relations are facing an extremely severe and complex situation since the establishment of diplomatic relations.
The U.S. Department of Defense released a video on the 24th, recording the entire process of a U.S. military P-8A patrol aircraft flying over the South China Sea in the middle of this month. When the US military aircraft approached the airspace of the Nansha Islands and Reefs, China issued warnings in English and Chinese to drive them away.
On the 26th local time, the U.S. Department of Commerce issued a press release announcing that 24 Chinese companies involved in the construction of artificial islands in the South China Sea would be included in the sanctions list and visa restrictions would be imposed on 12 relevant Chinese citizens. .
In this context, the global economy has been affected by the epidemic. When the recovery from the heavy blow is slow, tensions between China and the United States heat up, which has a negative impact on my country’s commodity exports. In particular, the United States has repeatedly changed its face on Sino-US trade issues, which has cast another layer of fog on the textile industry.
Sure enough, the United States has recently begun to suppress goods produced in China.
A few days ago, the aviation and trade circle of friends received the following notice:
In accordance with the US customs and border requirements, From now on, all goods sent to the United States through all channels must be labeled with “Made in China” on the outer boxes and products, otherwise the local import is not allowed!
The United States strictly inspects certificates of origin. For textile companies exporting, not only does it increase tariffs, but they may also face risks such as returns, confiscation of goods, or fines. !
5 million millimeters of silk spinning The U.S. “smashes” orders to the textile industry
Although the situation of Sino-U.S. relations is unclear, recently, some companies have received 5 million meters of Nigerian Silk spun beauty singles. Due to the outbreak of the epidemic in the first half of the year, foreign trade orders were frequently canceled, foreign trade companies were almost shut down, and logistics was blocked. In addition, the epidemic in the United States was serious, and it was difficult for the United States to recover in a short time. When conducting market research in May and June, foreign trade companies reported that U.S. orders had not improved and that spring and summer fabrics showed no signs of movement.
In recent times, the market situation seems to have improved. Things are getting better, and printing and dyeing factories are starting to get busy. Some companies that make knitted products said that dyeing factories that make knitted products are experiencing warehouse explosions. All machines in the dyeing factories are running, and the mating period has been extended to about 15 days. Although the COVID-19 epidemic is still raging around the world, demand for textiles and clothing is slowly recovering. my country’s textile industry exports maintained growth in July. According to Customs Express data, from January to July 2020, my country’s exports of textiles and clothing were US$156.482 billion, a year-on-year increase of 5.57%, and the growth rate was 2.41 percentage points higher than that from January to June.
In the post-epidemic era, my country’s textile industry’s foreign trade exports have maintained slow growth. Amid tense Sino-US relations, US orders are still being issued, which ultimately benefits my country’s status as a major manufacturing country cannot be replaced.
The integrity of my country’s textile and apparel industry chain is the greatest core competitiveness
In recent years, the textile industry in Southeast Asian countries has risen rapidly, relying on its artificial dividends and cost advantages to seize the textile market that originally belonged to China. Many European and American orders that originally belonged to China have been transferred. However, the textile industry in Southeast Asian countries still cannot be compared with that of my country.
Take Vietnam as an example. The textile companies that moved to Vietnam in the past few years simply took a fancy to Vietnam’s low labor costs and the ability to avoid tariffs on exports to Europe and the United States. However, Vietnam’s textile industry chain is incomplete. More than 80% of Vietnam’s textile raw materials and accessories are imported from abroad, and the largest source is China. Especially under the epidemic, Vietnam’s shortcomings have been even more exposed. Raw materials cannot be imported from China, resulting in orders that cannot be delivered on time.
Our country can be said to have the most complete clothing and textile industry chain in the world from raw materials, spinning, weaving to garment processing. This is why it is one of the world’s largest clothing manufacturers. The core competitiveness of the factory is the biggest gap between it and any other country.
In the post-epidemic era, despite the unstable political situation in the country, foreign trade orders are still hitting the Chinese textile industry, highlighting the complete industry and product quality of the Chinese textile industry Excellent characteristics. The “Golden Nine” is just around the corner. Even though most textile companies still say that the “Golden Nine” market will be lower than expected due to the epidemic, the editor still believes that the basic rigid demand still exists. After all, no other country can replace China’s textiles for a while. China Its status as a major manufacturing country is also difficult to shake for a while.
In terms of domestic trade, there will be e-commerce seasons such as Double Eleven and Double Twelve. Judging from the sales volume in previous years, the e-commerce season can stimulate some companies Orders; in terms of foreign trade, there is the U.S. Christmas season. Taking the above-mentioned 5 million meters of U.S. orders as an example, it will be difficult to find suitable suppliers for a while. U.S. customers will still place orders, and other foreign trade customers may also do the same.
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