The China and Asia Textile Forum was held on March 12 and 13.
This event brought together Chinese government organizations, industry associations, international textile and apparel enterprises, textile manufacturers and leading apparel retailers. They shared opinions on the current development of the global textile and apparel industry, the new opportunities and challenges facing China’s textile industry, the digital supply chain, the new changes of China’s procurement market as well as the new technology challenges and industrial upgrading of textile and apparel production.
It highlighted major developments in the Chinese apparel supply chain like the creation of smart apparel factories, the One Belt, One Road initiative, where China invests heavily in apparel industries in surrounding Asian countries and the rapid development of the Chinese domestic market leading to sophisticated retail concepts and the rise of apparel imports.
As a major player, China still maintains an upward trend of industrial growth despite the somewhat slower growth of the overall textile industry. As the largest player of the global textile industry, China has the most complete industrial chain with the most complete categories. However, there are challenges. Facing fiercer competition along with trade globalization, textile manufacturers have to figure out new approaches to closely cooperate with foreign suppliers and allocate production resources in the global market.
