China textile and garment enterprises strengthen R&D to promote international competitiveness
Apr 16, 2019 ｜ by CT
Faced with frequent trade frictions, large fluctuations in the RMB exchange rate, labor shortage and rising production costs, At the "China & Asia Textile Forum 2019" held in Shanghai recently, Cao Jiachang, president of China Chamber of Commerce for Import and Export of Textile and Apparel, said that the leapfrogging from OEM to ODM and OBM is the fundamental basis for China's textile and apparel enterprises to maintain export competitiveness. Intelligent manufacturing and transformation and upgrading are the inevitable choice for China's textile and apparel enterprises to maintain export competitiveness. In addition, the huge potential of China's domestic market provides the survival guarantee for China's textile and garment industry.
