Experts point out that the tide of overseas investment by textile enterprises is in the ascendant but there are also some foreign enterprises that invest in setting up factories and factories that have been affected by the financial crisis and quota cancellations. Confronted with the trend of two opposite directions, Mei Xinyu held: "Going Global is a long-term trend of China's textile industry upgrading. The first goal should be to cut into the high end of the value chain." Should "go global" set off new overseas investment in China. In the climax background, many textile and garment enterprises are going overseas one after another. Zhejiang Zhuji Yuemei Group has established a textile industrial park in Nigeria. Bosideng launched a hundred specialty stores in Britain, and the tide of foreign investment in textile and clothing enterprises is in the ascendant. However, the opposite has also taken place. Under the impact of the financial crisis and the abolition of quotas, textile enterprises that have set up factories in developing countries such as Vietnam and Cambodia around the year 2006 are returning. In the face of these two directions completely opposite trend, textile and garment enterprises in the end should go out? If so, how should we go? The answer to the first question, no doubt, should be "yes." why? Because we need to increase the rate of return of our exports and cut into the high value-added sectors of the entire value chain. Because the textile and garment industry is the most cost-sensitive manufacturing industry, we ultimately need to find a lower-cost manufacturing base. Because the trade in overseas export markets Barriers need to be circumvented by direct investment; we have ample foreign exchange reserves to support our overseas investments; as the current crisis has significantly reduced the commercial costs and political risks of our overseas investments. Cut into the high end of the value chain so, then how should we go? Due to its chronic low export profitability and its lack of bargaining power, the first important goal we are going to go forward undoubtedly is to cut into the high value-added sectors of the value chain, namely circulation and branding. Since we hold more than 70% of the world cashmere resources are still a small brand of cashmere clothing, since the cashmere industry flagship Erdos export cashmere sweater still more than 90% are OEM, and the export of own-brand products in Foreign retail prices are often less than half of competitors, so in this case, we enter the high value-added circulation and so on, and its development potential, the potential for future development can be imagined. After all, as far as the author's research shows, setting up wholly-owned sales subsidiaries of labor-intensive products overseas can usually raise the selling price by 30% to 40%. Because of this, Bosideng launched 100 stores in the UK plan is commendable. Avoid trade barriers Textile and garment industry to go out the second goal is to avoid trade barriers. Earlier, China's textile and apparel industry to avoid trade barriers mainly developed countries quotas, which has successively in Mauritius, Southeast Asia, South Asia and other regions to set up factories, the use of developed countries to give local export quotas. Due to the abolition of quotas and the fact that domestic industries are well equipped and other advantages can not be met by these countries and regions, it is only a matter of course that a large number of overseas investments based on these purposes have been withdrawn. However, the WTO rules recognize the rights of developing countries to protect and develop their infant industries. My country also supports this right. If our country advocates that developing countries have the right to protect and develop their infant industries from the perspective of high-tech industries, most of them The infant industries in developing countries and regions to be protected and developed in the foreseeable future can only be labor-intensive manufacturing, including textile and apparel, which means that the textile and apparel sales markets in these countries will still retain more in the future. Recognized trade barriers, our textile and garment enterprises to avoid such barriers, investment is an important means. Seeking low-cost base The third goal of the textile and apparel industry to go global is to find a lower-cost production base and further enhance its position in the international division of labor system. Textile and apparel is the modern manufacturing industry with the lowest technical and capital thresholds. Therefore, it is most sensitive to rising costs and the trend of chasing low-cost mobile is the most obvious. China's modern textile and garment industry has emerged due to this feature, but also because of this feature have continued to be companies from the "cash cow" reduced to "bitter cauliflower." In the developed countries, the United States, in order to chase low-cost, shifted its textile and garment industry from the "frost belt" in the northeast to the "sunshine belt" in the south and west and then to the developing countries and regions, resulting in the textile and garment industry in the United States The relative position is declining, most of the manufacturing processes have been shifted out. The United States textile and garment industry is mainly holding such high-value-added brands as design and circulation. China's modern textile and garment industry itself was the product of the transfer of international textile and garment production capabilities from western countries to developing countries after the First World War. In the course of its development, the textile and garment industry has experienced the transition from a few ports of trade such as Shanghai to eastern cities, central and western cities After the leap in the world's largest producer and exporter of production, the "upgrade" and further "capacity transfer" will inevitably become the theme of China's textile and garment industry for quite some time. Crisis is a great opportunity At present, a major turning point for China is that the crisis will eliminate the rival effect and will help "Made in China" increase its share in the world market and improve its position in the international division of labor. The so-called "crisis phase out of the rival effect" means that during the global economic crisis, all enterprises can not escape the impact, but the stability of the macroeconomic stability of the country's enterprises will have more opportunities to survive, so that for surviving enterprises , The crisis played a role in their elimination of competitors, although the total order volume than before the crisis reduced, but more focus on the transfer to the surviving companies here, but pushed up their market share and improve their relative market position, Its rate of growth has outpaced that of its competitors. Once you have passed the crisis into economic recovery, surviving enterprises are better off than before the crisis. As China's macroeconomic stability surpasses that of other countries, crisis will inevitably feel the effect of phase-out of its competitors. As overseas competitors in China's labor-intensive industries, including textiles and garments, are mainly in developing countries, they may have The so-called "cost advantage" is lower than ours, but its national macroeconomic stability is far worse than that of China and will collapse in batches earlier than its Chinese counterparts during the crisis. After the crisis really eliminated overseas competitors of Chinese industries, for the long-term development, labor-intensive industries such as our textile and garment industries needed to invest in their own countries to keep their similar industries in their own hands. why? Because these industries in these countries are not in the hands of Chinese capital and the development of these industries is a pure rival for us. We need to make full use of the effect of the crisis to eliminate them and put the future Of overseas production base in their own hands, then you can still enjoy the relevant interests in the inevitable industrial transfer occurs, although the loss of GDP, but increase GNP.