According to a survey of nearly a hundred companies exporting to the United States by the Textile Chamber of Commerce, Chinese textile and apparel companies have actively taken measures to respond to the threat of escalating trade frictions. First, actively participate in the US “301” legal investigation process, urge importers to participate in public comment procedures and hearings in the United States, and strive to exclude products of interest from the tax list. The second is to speed up exports, avoid tax risks, and try to minimize losses. The third is to increase international production capacity cooperation and layout, proactively utilize resources from other countries for production, and increase control over the supply chain. The fourth is to accelerate the process of transformation and upgrading, increase investment in equipment and technology, improve production efficiency, product quality and market response speed, and enhance design and research and development capabilities, supply chain management capabilities, resource integration capabilities, brand building capabilities and international marketing network expansion capabilities. The fifth is to further implement the market diversification strategy and increase efforts to explore emerging markets, especially those in countries along the “One Belt, One Road” initiative.
In the future, the “One Belt, One Road” initiative will effectively strengthen China’s core position in Asia and even the global textile and apparel supply chain. The transformation and upgrading of “Made in China” and the leap from OEM to ODM and OBM are the fundamental foundation for China’s textile and apparel to maintain its export competitiveness. Structural changes in the international market pattern will also provide new development opportunities for Chinese enterprises.
Title: Textile and apparel companies actively respond to Sino-US trade friction
