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Since the beginning of this year, China's textile and apparel exports have maintained a steady growth trend on the basis of a high base last year. According to the General Administration of Customs, global exports of textiles and garments reached $33.22 billion in July, up 17.6 percent year on year.

In the first quarter of this year, the growth rate of China's textile and apparel exports slowed down due to the combined impact of blocked circulation and rising costs.

Since the meeting of the Political Bureau of the CPC Central Committee at the end of April put forward the principle of "stabilizing foreign trade and foreign investment", the textile and garment industry, from the central government to local departments and then to market players, has worked together to coordinate epidemic prevention and production, stabilize industrial and supply chains, and actively adapt to changes to improve competitiveness, making great efforts to break through the challenges of the epidemic.

Textile and garment exports grew by double digits

At the workshop of the Yili Feng Industrial Co., in Shangrao, Jiangxi province, more than 100 workers were busy as pieces of fabric slid from fast-pulsing needles to windbreakers.

These garments are best sellers in the Japanese market after they are shipped from Shanghai or Xiamen ports. Shipments to Japan bucked the trend by 30% year-on-year in the January-May period, said Huang Manxin, the company's customs manager.

The excellent achievement of Yi Li Feng is the epitome of our textile and garment industry surmounting the current difficulties and growing against the trend. From January to July this year, the country's textile and garment export $189.35 billion, up 12.4% year-on-year.

Li Kuiwen, spokesperson of the General Administration of Customs and Director of the Statistical Analysis Department, believes that the main factors supporting the growth of China's foreign trade at present are as follows:

First, the international market demand is relatively stable. Despite the COVID-19 outbreak and increased risks in the external environment, market demand did not decline significantly.

Second, domestic production is resilient and full of potential. Thanks to proactive policies to stabilize growth, we ensured adequate supply and provided strong support for export growth.

Third, some regions quickly resumed work and production under the impact of the epidemic, which effectively stabilized the basic trade volume. 4) The vitality of market entities was effectively stimulated. With the effective implementation of the national economic package of policies and measures to stabilize the economy, the work of maintaining stability and improving the quality of foreign trade was accelerated, and the vitality of Chinese foreign trade market subjects was effectively stimulated.

Brokerage research report said, cotton, chemical fiber materials and other raw material prices shock downward, superposition of the depreciation of the Renminbi, textile manufacturing enterprises profit optimization space to open, continue to be optimistic about the second half of the textile manufacturing enterprises in the level of profit performance. Sportswear direction boom degree is still high, the performance is expected to continue to lead the overall industry.

Show resilience to break through blockades in overseas demand

The CPC Central Committee and The State Council attach great importance to foreign trade and foreign investment. Since the beginning of this year, a series of policies and measures have been introduced to stabilize foreign trade and foreign investment, which clearly requires great efforts to help foreign trade and foreign investment enterprises maintain normal production and operation, and help solve difficult problems such as supply chains. Positive results have been achieved.

Textile and garment enterprises have responded to market uncertainties with resilience. While making good use of government rescue policies, they have actively helped themselves and taken the initiative to find funds, strengthen science and technology, and expand the market, showing strong vitality and survival ability under the epidemic.

A person in charge of a textile and garment enterprise in Jiangsu said that the current foreign trade environment is still complex, enterprises encountered unprecedented difficulties.

On the one hand, persistent inflation in Europe and the United States, market confidence is low, and there may be a fear of cutting orders due to shrinking demand.

On the other hand, the shipping price is still high, and the profit margin of textile and garment products is not high. The value of goods in a container is almost equal to the shipping price, so the competitive advantage of product price is not sustainable, which will affect customer orders.

Facing the lack of confidence in the European and American markets, the face-to-face communication of foreign trade enterprises is particularly important. In early May, due to the inconvenience of foreign businessmen coming to China, the head of an enterprise in Zhejiang overcame the difficulty of "one vote is difficult to obtain" and went to the United States to understand the needs of customers face to face.

"There's a lot of first-hand information that you can't get remotely from talking to customers," he says. The pandemic has separated products from the market to a certain extent. Only by fully understanding the market needs can we survive in adversity."

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