Company News
Industry News
08
2019-01
Decline of Labor Force Population in China's Textile and Garment Enterprises
normal of China's economy. Population dividend should be said to be an important force to support the rapid growth of textile economy in the past few years, and the gradual decline in recent years is also an obvious trend. However, it is still controversial whether China has reached the inflection point, but the general view is that the past view that labor supply will continue has changed. People see more and more labor from surplus to shortage, especially in the textile industry.
Intelligent textile and apparel equipment will lead the world's factories in the future
China, World Factory, a name that shocks the world. Through earnestly studying the speech spirit of Wang Tiankai, President of China Textile Industry Federation, at the 10th Annual Conference of China Textile Round Table Forum, the new normal characteristics of the current development of the textile industry have become increasingly prominent, which puts forward higher requirements for the adjustment and transformation of the vast number of enterprises. The pressure and challenge of enterprise development will continue to increase, but at the same time, it also implies opportunities for external development and driving force for industry self-improvement. Yang Hexiong, deputy secretary-general of Gansu Textile and Garment Association, pointed out that China is the world's first manufacturer of sewing equipment, but there is still much room for export.
The China Silk Fair concluded in Hong Kong in 2019 with an export intention of $350 million.
The China Silk Fair 2019 (Hong Kong), co-sponsored by China Textile Import and Export Chamber and China Silk Group Co., Ltd., recently ended in Hong Kong. The silk trade reached by the participating Chinese and foreign enterprises accounted for more than 80% of the global trade, while the silk and satin trade accounted for more than 20% of the global trade.