Due to multiple poli∞&cy and market factors such¶÷∞ as the appreciation♥↑ of the RMB, the reduction of exporπ☆t tax rebates, and the rise in labor ÷÷♦λand raw material prices, the €∑profit space of textile and c♦¶≈lothing export enterprises₹' has been severely s↔ ↕↔queezed since 2007, with most ente≤♥↓rprises on the edge of mea"≤±"ger profits or losses.< The impact of the US♥✘↕♠ subprime crisis is still ongoiα↑£₹ng, and the US dollar zo♣ →εne economy is sluggish, significant ♥ly suppressing demand ↕≠≠ for textile and clothing. Since t £he beginning of this year, the expor♦α&t performance of China is textile ↔πand clothing products to t♠∏he United States has been ×€ consistently sluggish. &®☆Except for the growth in March d÷'ue to the influence of₩™ the Spring FestivalΩ♥≤, the growth rate in other">∑¶ months has been below 2% or even $® negative
Industry insiders have stated ★<∏σthat the export growth rate of texti₩↔le yarn, fabrics, an™≥d products is significantly fa¶☆•₽ster than that of clothing expo™∞¶γrts, reflecting the signific ★€✘ant impact of the relocat←ion of China is clothing proc×∏essing links. The an®↓ελalysis report released by the General ↑εAdministration of Custom☆π¥s recently stated that in recent yea¥✔Ω₹rs, countries such as India, Vietnam,≠€®< Cambodia, and Bangladesh have all rega×"≠rded the textile and clothing i↔∑≠ndustry as important supporting indπ₽ustries, with stronger labor♠♥×λ cost advantages. China, especially™ ∏ Guangdong textile enter>→prises, have accelerated tε♠'heir relocation. Currently,¶★ more than 400 Chinese tex↕₹tile enterprises have invested >♣←and established factories in₩™∑ Cambodia, and nearly 1$φ✘₹00 have also arrived in B♠•™angladesh.
