On March 20th, China Textile International Production Capacity Cooperation Enterprise Alliance was established, aiming to help textile enterprises "go global", integrate upstream and downstream resources, promote the connection and cooperation of high-quality international production capacity projects, jointly resist disorderly competition and defuse risks. Sun Ruizhe, president of China National Textile Industry Council, said that at present, the export of China's textile industry has reached 300 billion dollars, and it is inevitable for the industry to take the initiative to integrate high-quality resources of the vertical industrial chain in the global scope to create new advantages in international competition.
For example, by integrating production bases of cotton and other raw materials, we can resist the risk of cotton price fluctuations and improve industrial profit margin; Integrate design, research and development resources, enhance product added value and brand discourse power, and force industrial transformation and upgrading. At present, some leading enterprises are trying to take the lead in the global allocation of resources. Shandong Ruyi Group has established industrial bases in five countries, forming a complete woolen garment industry chain and cotton textile printing and dyeing industry chain.
Sun Ruizhe said that the establishment of the alliance is to provide platform services for enterprises, guide enterprises to invest abroad, build domestic financial resources and enterprises' overseas financing needs channels, jointly resist disorderly competition, defuse risks, and enable enterprises to connect with high-quality overseas resources.
