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At the invitation of the International Textile Manufacturers Federation, the European Textile Machinery Association and the Italian Textile Machinery Association, Sun Ruizhe, chairman of the International Textile Federation and President of the China Textile Industry Federation, recently led a delegation to visit Italy.

At the International Textile Machinery Seminar held in Milan, Sun Ruizhe said that the current world has entered a new period of turbulent change, industrial safety and development are facing many new problems, and maintaining the development and prosperity of the world textile industry is in line with the common interests of the global textile industry. First, the development of the global textile industry must adhere to openness and inclusiveness. We should promote global trade and investment liberalization and facilitation, oppose trade protectionism and "decoupling and chain cutting", and ensure the stability and smooth flow of global industrial and supply chains. Second, we need to pursue innovative development. It is necessary to pursue the dual industrial values of profitability and sustainability, promote the greening of industries, digital transformation, and improve operations and business models in a responsible manner. Third, we need to pursue win-win cooperation. China's textile industry will continue to carry out close cooperation with the EU and the United States in the economic and trade field.

When Sun Ruizhe was invited to deliver a speech entitled "The Status quo and Prospect of China's textile Industry", he shared the innovative practice and exploration of China's textile industry. First, focus on key innovations and enhance basic capabilities. Second, focus on integrated development and expand industrial space. Third, focus on intelligent transformation and update the development paradigm. Fourth, focus on green transformation and reshape industrial value.

When it comes to the export situation of the industry, Sun Ruizhe pointed out that the structure of China's textile and garment export market is changing. The proportion of traditional markets such as the United States, the European Union and Japan has shown a downward trend, while China's textile and apparel exports to RCEP trading partners and regions have shown steady growth. He said that due to policy and other factors, the share of Chinese textile and apparel imports in the US market dropped sharply from 36.6% in 2018 to 24.7% in 2022. In particular, the official entry into force of the so-called "Xinjiang-related Bill" has had an impact on China's cotton textile and garment exports. In the first quarter of 2023, the EU's market share of textile and apparel imports from China fell to 27.6%.

Sun stressed that economic prosperity and stability benefit from openness and cooperation, and the formation and development of global supply chains are the result of market laws and corporate choices. The value of the supply chain comes from collaboration, and the vitality of innovation comes from openness. To engage in closure and circle will only lose opportunities and form risks. He called on the textile industry in all countries and regions to have a clear understanding and rational choice.

At the meeting of the decision Committee of the International Textile Federation, Sun Ruizhe said that the theme of the 2023 annual meeting of the International Textile Federation, which will be held in Keqiao, China, in early November this year, is "Digitalization and circular economy - reshaping the megatrends of the textile industry." The conference will advance preparations around three key areas: First, transforming the industry's growth mode in an innovative and responsible way, focusing on the digital economy and green transformation. The second is to promote international trade and investment, play its role in promoting the economic growth of the industry, and build an open world textile economy. Third, promote diversity and inclusion, implement the 2030 Agenda for Sustainable Development, and promote better development of the industry.

The decision Committee of the International Textile Federation also decided that the 2024 annual meeting of the International Textile Federation will be held in Samarkand, Uzbekistan.

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