What are your views on China's textile industry today?

The development and distribution of China's textile industry is relatively concentrated, mainly scattered in the Pearl River Delta and the Yangtze River Delta. The most critical factor for the survival and operation of the domestic textile industry is that I believe that China's textile industry is a major exporter in China, and Millenia has hundreds of millions of textiles exported abroad.

 China's textiles have several important advantages: First, low cost. The low cost from labor to cost is an important factor in the growing popularity of China's textile industry in recent years; secondly, China's unique textiles such as silk are also a reason. Once again, the entire weaving and textile industry in China that needs foreign OEM companies is just cost and not well-known. In other words, China is a major production country rather than a major R&D country. At this time, China's textile industry is facing the most severe test.

  Secondly, due to the continuous increase in international crude oil prices throughout 2014, the cost of the textile industry has also increased, as well as the rapid appreciation of the renminbi. In the past , the low characteristics of China's textile industry have received serious obstacles. Moreover, the new labor law concerning employees has come out, which has further restricted the field of employee protection, and on the other hand, has increased the difficulty of the industry. In recent years, the economic and financial crisis has reduced the chances of many European and American countries in foreign exchange reserves and purchases of foreign goods. The plummeting purchasing power has caused China's foreign trade in addition to major problems, and a large number of textiles have stopped. This is also the main reason for the turmoil in China's textile industry.