India textile orders transferred to China, the Ministry of Commerce made the latest response.
Yesterday, Shenwan class 28 industries, textile and clothing sector rose 2.17%, the largest increase. All cotton era, the parent company of robust medical closed trading limit less than half an hour, mask concept stocks cool smart and Blum Oriental soon opened trading limits.
A large number of overseas orders are transferred to Chinese enterprises, and the order quantity is scheduled to next year
The overseas epidemic situation is still grim, and the textile industry in India, Sri Lanka and other countries has been hit hard and delivery is difficult. In order to ensure continuous supply, European and American retailers transferred many orders originally produced in India to China. Among the orders transferred from India to China, the orders for towels, bed sheets and other products are relatively large. According to the estimated data, the current order quantity has been arranged to may 2021.
When the epidemic broke out in China at the beginning of this year, some Indian media believed that the epidemic could make more foreign capital flow into India, so as to reduce dependence on China's manufacturing market and replace made in China. However, the wishful thinking has been overturned, and India's aspirations have been dashed one by one in terms of textile industry and infrastructure.
Li Xinggan, director general of the foreign trade department of the Ministry of Commerce, made a response to the transfer of Indian textile orders to China at a media communication meeting yesterday. Li Xinggan pointed out that China is the world's largest textile producer and exporter, and labor-intensive products have obvious export advantages. Multinational companies adjust order production globally, and international purchasers choose suppliers according to their production capacity Normal market behavior. China took the lead in resuming work and production, which effectively guaranteed the supply of the international market and supported the smooth operation of the supply chain of the international industrial chain.
