Chinese textile export companies will still stick to the European and American markets

Chinese textile export companies will still stick to the European and American markets

The financial crisis has caused China’s textile exports to encounter a “cold winter”, but Xu Yingxin, vice president of the Textile Branch of the China Council for the Promotion of International Trade, still said in an interview with reporters today that Chinese textile export companies will stick to the judgment of the European and American markets.

Xu Yingxin revealed that new customs statistics show that in the first two months of this year, China’s trade performance with its top three trading partners, including the European Union, the United States, and Japan, was better than the overall level of China’s foreign trade in the same period. Among them, the EU is still China’s largest trading partner. The total bilateral trade between China and the EU was US$48.78 billion, down 20%, which was seven percentage points lower than the overall decline in China’s foreign trade. He emphasized that the main export markets for China’s textile and apparel products are the United States, Europe, and Japan. No matter how great the impact of the financial crisis is, the pattern of market entities is unlikely to change in the short term.

He believes that foreign markets will definitely shrink this year, but for powerful companies, opportunities for capital operation and channel integration exist at any time. For those companies that have good fundamentals, encounter temporary operating difficulties, and still hope to maintain their international market share, how they use exhibitions to seize channel opportunities this year is very important for their long-term development.

He said that the just-concluded China Fabrics Exhibition in the United States attracted many overseas buyers to negotiate purchases, and the number of buyers has not decreased, which means that there are more market opportunities for China’s textile exports. The third “China Textile and Apparel Trade Exhibition” to be held in Paris, France in mid-September this year has more advantages in terms of high-quality audience resources. The exhibition, hosted by the China National Textile and Apparel Industry Association and organized by the Textile Branch of the China Council for the Promotion of International Trade, the China National Garment Association and Messe Frankfurt, is one of the most influential exhibitions in the industry. It will help the Chinese textile industry in the industry through transnational integration functions upstream and downstream of the industrial chain. In the midst of the economic downturn, we must maintain our belief in opening up European market channels, guide them to adapt to the European market, and survive the economic downturn.

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