Development of Textile Machines Needs Cooperation

On 2014 China International Conference on textile raw materials and Industrial Financial Forum, general secretary of International Federation of Cotton and Allied Textile Industries(often referred to as IFCATI), Christine Schindler expressed his private answers to the question concerning China textile industry in future global competition.
　　
As a member nation of International Textile Manufacturers, China has been the biggest textile manufacture of the whole world. In the past few years, many countries cancel quota restraints one after another. The repaid growth of economy in Asia brought new opportunity for production and sale of textile machines. In 2013, Asia totally introduced in 85%-90% of global new facilities, of which China accounts for 50%-80%.

Christine Schindler said, “ China leads the textile industry in many sections across the world. Its competitiveness improved greatly after entering WTO. China owns many features in the competition. Specialties like effective industries, complete supply chain and giant textile machine industry all contribute to China’s long-term advantages. ”

When taking about the development of textile industry, Christine Schindler illustrates cross-border cooperation, “many Chinese companies purchase European textile machine manufacturers. Some Indian companies choose to found plants in American. Africa is also regarded as a feasible investment districts for some European and Chinese companies.

In his view, global textile industry chain is undergoing shuffling integration from fiber production to sales. This means textile enterprises must make constantly change to follow changes of market and seek for innovation and cooperation. In the zones that are out of local technic capacity, companies should join hands with others and build up business relationship throughout the world.

Christine Schindler regarded that the future development of global textile industry can be analyzed from long-term side and short-term side.

“For short-term prospect, international economy still stays in recovery phase and people know nothing about future growth. However, the investment on textile machines was not influenced at all. In this period, prices of cotton are comparatively high. China yarning enterprises improve their competitiveness through investment on machines.” He said, “For long-term prospect, more and more people enter into consumer market. With growth of global GDP, especially that of India, China and other Asian countries, consumption in textile industry is increasing. We can confirm that textile industry, particularly textile machine field, has a promising prospect. ”

In the end, Christine Schindler added, “ China textile industry has presented constant high-technology application and high ratio of investment. Apart from that, China also has obvious advantages over raw material cost, energy cost, mechanical equipment cost and so on. At the same time, other Asian countries do not have as big market as China. Therefore, cooperation is needed to promote development of global textile industry.