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the transfer of China's textile industry to other parts of Asia has become a trend
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the transfer of China's textile industry to other parts of Asia has become a trend

Views: 0     Author: Site Editor     Publish Time: 2023-06-30      Origin: Site

In addition, under the current global situation, the transfer of China's textile industry to other parts of Asia has become a trend. In previous years, some enterprises have chosen to set up factories in Southeast Asia and other countries to reduce costs and avoid the risk of trade barriers. Compared with Southeast Asian countries, landlocked Central Asia may lose market share in Europe and the United States due to its distance from maritime ports and other reasons, but in coordination with the "Belt and Road Initiative", it can take advantage of local resources and labor force to sell products to China, Central and Eastern Europe, South Asia, the Middle East and other places with the help of China-Europe freight trains, Central Asian railway network and other transportation networks. In the long run, the expansion of Central Asia market is a viable strategic supplement and growth point.

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