As a traditional export product in China, textiles have strong competitiveness. The financial crisis has reduced external demand, but it has relatively little impact on consumer goods with low demand elasticity. China’s textiles and clothing have obvious advantages in cost performance and still have certain market space. As the China proverb says, crisis is an opportunity to control risks. We must find out our own foundation, confidence and advantages, grasp the opportunities hidden in risks, and seize the favorable opportunity of transformation and upgrading in time.
Export to domestic sales, domestic and foreign trade linkage to expand the market
According to the monitoring of the Ministry of Commerce, the national retail sales of consumer goods reached 340 billion yuan from the Lunar New Year’s Eve to the sixth day of the first month this year, an increase of 17.2% over last year’s Spring Festival Golden Week, which is the fastest growth rate in recent years. From the data point of view, the domestic retail growth rate is still strong, and there is not much worry in the future. When the overall external environment is tightening, we should take expanding domestic demand as the foothold of economic growth, but we should never ignore and relax external demand, which is a good strategy for foreign trade enterprises to open up domestic and external demand markets.
It is a good opportunity for enterprises to grasp the development opportunities under the financial crisis, adjust their thinking, speed up the adjustment of market structure and product structure, and expand the international and domestic markets simultaneously.
Opportunities and challenges coexist in Nuggets ASEAN.
On January 1st, 2010, China-ASEAN 10+1 Free Trade Area was formally established. This means that from January 1st, 2010, China and ASEAN will implement zero-tariff treatment for about 7,000 products including vegetables, fruits, electromechanical products, chemicals, textiles and clothing. What opportunities and challenges will this world’s largest free trade zone bring us?
The full launch of China-ASEAN Free Trade Area provides a broad regional market for enterprises to invest abroad, and provides strategic opportunities for enterprises to deepen economic and trade cooperation with ASEAN, accelerate the pace of "going global" and realize the upgrading and transformation of enterprises. Another advantage brought by the completion of the free trade zone is that enterprises can export to other countries through ASEAN and move towards a broader international market, while avoiding many trade frictions. For enterprises, they should seize the opportunity, fully understand the rules and provisions of the free trade zone, learn and adapt to the new trade rules, formulate business strategies and strategies for developing ASEAN markets, and develop ASEAN countries’ markets differently. This will be a road of development where opportunities and challenges coexist, and it will also be a brand-new platform to expand the market and win business opportunities.
The integration of domestic and foreign trade is an objective law of trade development. The linkage of domestic and foreign trade, learning from each other’s strong points and opening up international and domestic markets will promote fundamental changes in China’s foreign trade development. Realizing the transformation of foreign trade export strategy and paying attention to China-ASEAN Free Trade Area, the largest free trade area in the world, will bring huge new business opportunities to enterprises. Next year, the free trade area between ASEAN and South Korea will be launched. In 2012, Japan-ASEAN Free Trade Area will also be established. If we don’t seize the opportunity, expand the market quickly and occupy favorable business opportunities, these opportunities will be fleeting. Only by turning fast can enterprises win the first opportunity and promote faster and better economic development.
Source: China Clothing Network
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