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The reporter recently learned from the China National Textile and Apparel Council that China Textile Association will promote the investment and cooperation of Chinese textile enterprises in Africa, and guide enterprises to objectively and rationally conduct investment mergers and acquisitions and scientific decision-making through strengthening judgments and setting up information platforms.
During the autumn joint exhibition of China Textile Industry Federation held in Shanghai recently, the China Council for the Promotion of International Trade Textile Industry Branch and Messe Frankfurt (Hong Kong) Co., Ltd. jointly hosted the African Textile Industry Symposium. At the meeting, experts from the China National Textile and Apparel Council and entrepreneurs began a dialogue on how the textile industry can seize new opportunities for investment in Africa.
Xu Yingxin, vice president of the China National Textile and Apparel Council, said that Africa has abundant cotton resources and strong emerging market demand, which is more suitable for the development of the textile industry with more employment. However, at present, Africa has not yet formed a complete textile industry chain. Despite the possession of raw materials, due to the weak processing capacity of fabric accessories and weak industrial support, the product manufacturing cycle is long and the production capacity is weak.
The African textile industry has formed a great complementarity with China. In recent years, China-Africa textile trade has continued to grow. According to the China National Textile and Apparel Council, from 2010 to 2017, the average annual growth rate of China's textile and apparel exports to Africa was 7.46%. Africa’s share of China’s total textile and apparel exports increased from 5.2% to 6.7%.
Accelerating the cooperation between China's textile industry and Africa is not only a one-way overseas investment or capacity transfer, but also a cross-domain and cross-link resource integration, introducing technological achievements and creative strength. While extending to the upstream weaving and spinning fields, some textile companies have also invested in the construction of logistics, packaging and other enterprises to share the supporting capabilities of the industry.
Xu Yingxin said that textile enterprises “going out to sea” in Africa are also facing the challenges of weak local industrial base, lack of skilled labor, and inability to meet the demand for rapid order response. China Textile Industry Federation will promote more industries and enterprises to exchange experiences, explore the establishment of information platforms, strengthen analysis and judgment, and encourage enterprises to explore multinational raw material bases such as cotton, strengthen brand sales and brand development capabilities in target markets, and accelerate textiles. Additional value.
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