Statistics revealed that more than 6,700 stores in America's retailing industry have been closed down since Jan 1, 2017, exceeding the number of 6,163 during the financial crisis in 2008, while hitting a new high.
Chinese light industry accelerates the speed of "going global" under great pressure of higher labor cost2018-01-12
China's light industry has prospered in Yangtze River and Pearl River delta regions since the country's reform and opening up four decades ago. But due to the recent years of rising labor cost in China, some labor-intensive industries are considering to "go global" to seek more opportunities.
In the new retail era, big data will upgrade the supply chain and become the "password" to drive the entire supply chain.
China's textile industry has been changing and restructuring itself under the great pressure of environmental regulation in the past 2017. In 2018, the industry is hopeful to rejuvenate under the country's environmental protection policy and the consumption shift in the international market.
Textile industry is a traditional pillar of China's economy. It is also important to people's livelihood and holds strong competitiveness in the international market.
The internal and external environment for China's foreign trade development has seen an obvious improvement as of this year, with the stabilized Chinese economy and the recovery of global economy.
Five thoughts Chinese textile enterprises need in their stride along with "Belt and Road" development2017-12-12
Despite the strong undercurrent of current global trade war, China's development strategy of Belt and Road Initiative (BRI) has brought huge opportunities to textile industries, therefore propering export trade with countries and regions along BRI route.
The combination of internet and foreign trade creates the boom of cross-border e-commerce. With advantages of global business network, fast logistics, and low costs, cross-border e-commerce helps traditional foreign trade enter a new era and solves the companies' difficulties in receiving orders, raising funds, and circulation.