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Pilot Practice for China’s Textile Industry to Go Global and Policy Options: A Survey on the Industrial Park of Dongnai Province in Vietnam(No 177, 2015)


By Guo Wei, General Office, DRC

Research Report No 177, 2015 (Total NO 4862) 2015-11-20

Abstract: Asthe world’s largest producer, exporter and consumer of textiles and garments, China boasts a complete upstream and downstream industrial chain with a certain number of superior enterprises as well as technological, capital, personnel and other core resources. In recent years, to reverse the unfavorable situation where the export quota for textiles and garments in main export markets is decreasing and overseas orders keep recalling, domestic textile businesses have stepped up efforts to enable newly-added capacity to “go global” on a large scale. Based on its adequate labor resources, long-term, innovative and preferential investment policies and special location advantages, Vietnam has become a major destination for China’s outward investment by textile businesses. Through field surveys, this report suggests that when “going global”, domestic textile businesses should follow economic development laws, make full preparations beforehand, abide by trade rules in a dialectical manner,proactively respond to changes of the situation, hold the opportunity of making technological revolution and facilitate transformation with the assistance of industrial transfer.

Key words: the textile industry, global value chain, TPP, going global