Adjusting the layout of international production capacity to address the risks of trade friction between China and the United States
Regarding the current issue of trade friction between China and the United States, which is of concern to everyone, Yang Jichao stated that the imposition of additional tariffs involves China's exports to the United States, with knitted fabrics accounting for about 57% of China's exports to the United States. This will have a significant impact on domestic export production and trading enterprises to the United States. However, at present, Sino-U.S. friction has not yet fully manifested itself in the marketing of knitted export enterprises. Currently, trade friction has eased. He suggested that export enterprises to the United States should respond in many ways, adjust their international production capacity layout, and address the risks posed by trade friction.
Regarding the domestic and foreign economic situation next year, he analyzed that the world economy will still be on the track of recovery in 2019, but the negative impact of risk factors such as the liquidity contraction caused by the US dollar interest rate hike and the intensification of US trade protectionism on global economic growth will gradually emerge. Affected by external environmental changes, China's macroeconomic operating pressure will increase, but the general trend of stable development will not fundamentally change. The country will strengthen and stabilize employment, Moving towards a comprehensive well-off level in terms of household income and consumption will support the sustained growth of the domestic demand market for textiles and clothing, and become the main force driving the development of the textile industry.
At the same time, Yang Jichao also stated that we have a huge consumer market, the most complete industrial system, and continuously enhancing technological innovation capabilities. As long as we maintain strategic focus, adhere to the general tone of seeking progress while maintaining stability, and adhere to supply-side structural reform, we will be able to accelerate the transition to high-quality development track and usher in a brighter development prospect.
How to improve the high-quality development of the industry?
On how to improve the high-quality development of the industry, Yang Jichao emphasized the following points:
Firstly, it is necessary to innovate technology, pay attention to the trend of new products in the market, and enhance the strength of technical equipment;
The second is to have cross-border thinking and meet people's consumption needs through cross-border integration;
Third, improve design capabilities and lead China's knitting industry towards internationalization, fashion, and branding through original design;
Fourth, adhere to green manufacturing, strengthen social responsibility construction, and create a responsible industrial chain.