Present situation and characteristics of foreign investment in China's textile industry

Since joining the World Trade Organization (WTO), China's textile industry has actively integrated into the trend of globalization, and the form of utilizing international resources has changed from "bringing in" to "going out", and foreign investment has made great progress. Especially the "the belt and road initiative" initiative, a series of trade and investment facilitation measures have created conditions for the textile industry to carry out foreign investment. The foreign investment of China's textile industry has the following characteristics.

Foreign direct investment has been steadily promoted and deeply integrated with the global textile supply chain.

Since the "Thirteenth Five-Year Plan", the scale of foreign investment in China's textile industry has been expanding, covering the whole industrial chain from raw materials such as cotton and pulp in the upstream, to intermediate products such as cotton spinning, wool spinning and chemical fiber manufacturing, and then to terminal clothing, home textile products and textile machinery, covering almost the whole world. With the tight supply of domestic production factors, China's textile enterprises have established overseas raw material bases, processing factories, brands and channels, R&D centers, etc. through green space investment and capital operation, and actively built a transnational industrial chain and value chain system to continuously improve the efficiency of resource allocation.

Through trade and investment cooperation, China has gradually established a complementary and interactive textile industry structure with Southeast Asia and Africa, forming a more efficient industrial chain cooperation relationship. Textile fabrics produced in China provide upstream product support for garment processing in Southeast Asian countries, and a considerable part of yarn products produced in Southeast Asian countries such as Vietnam enter China for subsequent weaving and dyeing and finishing, which has become an indispensable raw material supply for China's textile industry chain. Some clothing products produced in Southeast Asia and South Asia have also entered the Chinese market, providing more high-quality and low-cost consumption choices for Chinese residents.