What does China Textile see from Japan’s structural contradictions
On February 16, Japan officially released data: excluding price changes, Japan’s GDP actually fell by 12.7% on an annual basis in the fourth quarter of 2008; for the whole of 2008, the actual growth rate of Japan’s economy was negative 0.7%. According to Japan’s Kyodo News Agency, this is the largest quarterly decline in Japan’s GDP in the past 35 years. Japanese Minister of Economy and Finance Yosano Kaoru said that Japan is experiencing a serious economic crisis since World War II.
Compared with the European and American financial crisis, the trauma suffered by Japanese financial institutions is not great, but the real economy has experienced a more severe recession than European and American countries. The reason why the Japanese economy has experienced greater negative growth than the European and American countries where the financial crisis originated is mainly because the Japanese economy has never been able to solve its own structural contradictions – it has been dependent on exports for a long time and has been unable to transform into a domestic demand-led economy.
. In the spring of 2008, Itochu Corporation and Marubeni Corporation shifted the focus of textile raw material trade to Hong Kong and Shanghai, China. Later, Choli Company also moved its headquarters of textile raw material trading business to Hong Kong in the autumn of that year. Most of these trading companies hope to build their own networks in the rapidly growing China, as well as European and American countries and other countries with emerging textile industries, and leverage the advantages of comprehensive trading companies in information, capital and connections to make a difference in the international market. According to statistics, the textile exports of major Japanese trading companies to the Middle East have increased significantly. Based on its Kanazawa branch, Itochu has launched textile export business to the Middle East. Its main products include fabrics for men’s ethnic clothing and women’s scarves; Chori, NI Teijin Shoji, Kuraray Trading, Tamura Koma and other companies Related businesses have increased in the Middle East.
Especially, Tian Muke, an textile professional trading company, launched a textile export business to the Vietnamese market earlier. The company’s products produced in Vietnam are mainly exported to Europe. In August 2008, Tamura Koma established a foreign staff office in Ho Chi Minh City, Vietnam. The company plans to organize production in China, Vietnam and other places through this office and the Hong Kong authorities, and strengthen the export business of finished products to the European and American markets. Chori has also strengthened its market development in the ASEAN region. In 2008, it established the “ASEAN Raw Materials Sales Management Information Center” in Singapore. It will also strengthen the construction of production bases through Chori’s Hong Kong branch and actively strengthen exports to the Middle East, European and American markets.
.
All the above phenomena have actually warned Chinese textile companies: long -term simply relying on exports without actively developing the domestic market, which will inevitably lead to a large manufacturing industry in a country, small to a company, and fall into survival. Passive dilemma; in addition, as an old textile kingdom, due to the huge pressure of economic downturn, Japan will also find ways to export high-quality and high value-added textiles produced in various production bases to the European, American and even Middle Eastern markets, which will have a negative impact on our country. The export market of high-end textiles, especially products that are forming brands, poses a certain threat.
AADFGTEHTRY
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible.
AA
