China needs to set new standards in the apparel and textile industry, says a report by the Qianzhan Industry Research Institute. Order cancellations and reduced demands have severely impacted China’s textile and apparel industry which needs to reduce inventories and make a medium to long-term sustainable development plan, it adds.
Many garment manufacturers have also borne the pressures of growing labor, material and delivery costs since the second quarter of last year, says Sun Ruizhe, president of the China National Textile and Apparel Council. The industry needs to participate more in setting future standards and hold cultural events to introduce their products on the international stage, as well as bring in advanced technological solutions, industrial practice theories and aesthetaetic value orientation, Sun adds.
Cheng Zhiwei, Researcher-Foreign Trade, Jilin Academy of Social Sciences, urges Chinese companies to participate in the formulation of global standards and technical regulations as well as jointly establish an international standardization organization with China as an important member in the coming years.
It is also necessary for domestic players to speed up the development of key technical standards to promote the international development of China’s technology, products and services, Cheng adds.
The report predicts, the textile and apparel market will continue to grow steadily with the ongoing gradual economic recovery and production resumption. China will continue to foster high-quality development in the textile and apparel industry under the 14th Five-Year Plan (2021-25) and the new dual-circulation development pattern.