Industry ProfileJiang Yin textile & apparel industry outline:• Relatively complete industrial supply chain• Industrial cluster• Leading companies• Strong brand awareness
Supporting PoliciesBoost Apparel & Textile export by:• Enhance the leadership of industry cluster, build up suitable environment;• Value public service platform development, improve competitive strength;• Boost the development of specialty industries, cultivate regional brand within dynamics of business scale and quality;• Support the growth of leading enterprise, focus on branded apparel and high value-added textile product;• Reinforce the investment on technology and R&D, encourage innovation.According to the figure, Jiang yin government has invested over 200 million RMB onindustrial transition and upgrade in 2011.
Trade Trends Source: Jiangyin GovernmentSince 2001, Jiangyin textile & apparel export has kept growing at a high rate andincreased dramatically during the last decade. It seems has recovered from theeconomic crisis in 2008.
Monthly Review Source: Jiangyin GovernmentMonthly figure indicates that textile & apparel export in 2011 is relatively stable during the year, sharply drop on Feb may be caused by short-term factors, such as drop of customer needs.
YOY Growth Source: Jiangyin GovernmentMonthly YOY figure indicates that 2011 has enjoyed a higher growth rate on export in first quarter compare to the entire year. Meanwhile, textile & apparel are still vulnerable to seasonal demand.
Quality ControlState Supervision and Inspection Center for Textile ProductsJiang yin Chemical Analysis Laboratory
Brand BuildingJiangyin city government enhance brandbuilding through:• Money reward100 thousand – 200 thousand RMB• Supporting policy<Industry 5-year cultivation plan><Jiangyin brand building guide>23 brands shortlisted for regional breeding, 10in textile industry.
Labor Cost Comparison Source: Fu Dan University studyAccording to a study from FuDan university, RMB will keep appreciating at 2-3% yearly.However, rapid growth of labor cost will make China less competitive among countries inSoutheast of Asia, the triangle above-mentioned will appear until 2023, at that time, laborcost in China will close to European countries and Hong Kong.
SWOT Analysis Strength Weakness• Obtain complete industrial chain in textile • Unbalanced industry portfolio & apparel industry •Lack of awareness of product value-added,• Abundant raw materials for manufacturing brand building and protection• Relatively cheap labor • Industry profit is relatively low, need to• Competent skilled workers manufacture in a cost-effective manner Opportunity Threat• Free trade agreement with Eastern Union • High pressure on price raise of labor cost, will boost daily consumption goods export raw material, logistics and exchange rate• State government reinforce innovation & • Increasingly raise of foreign trade barriers intellectual property rights • Strong competitive from neighboring areas• New policy for energy exploit and use may • Due to European financial crisis, the level help to improve resources efficiency of global credibility will continue to drop
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