Alibaba.com Sourcing Intelligence Series - Jiangying, China (FULL Report)
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Transcript of Alibaba.com Sourcing Intelligence Series - Jiangying, China (FULL Report)
Market Intelligence Report
Jiangyin
Buyer Service & Development Team
Content
•Overview
•Industry Profile
•Competitive Advantages
•Industrial Analysis
•Leading Suppliers
Overview
• Monetary policy – “stable and steady”
• Financial reform – keep RMB exchange rate fixed in the long run
• Fiscal policy – focus on structural tax reduction
• Expand domestic demand – improve household disposable income
• Inflation – monitor CPI growth, reinforce price control
• Sustainable development – continue to grow economy in an energy-saving & emission-reduction manner
• Capital market – utilize the leveraging power of financial tools
Country Profile
Legend
Regional Trade Figures
Source: Jiangyin Government
Regional Trade Figures
Source: Jiangyin Government
Industry Profile
Jiang Yin textile & apparel industry outline:
• Relatively complete industrial supply chain
• Industrial cluster
• Leading companies
• Strong brand awareness
Supporting Policies
Boost Apparel & Textile export by:
• Enhance the leadership of industry cluster, build up suitable environment;
• Value public service platform development, improve competitive strength;
• Boost the development of specialty industries, cultivate regional brand within
dynamics of business scale and quality;
• Support the growth of leading enterprise, focus on branded apparel and high
value-added textile product;
• Reinforce the investment on technology and R&D, encourage innovation.
According to the figure, Jiang yin government has invested over 200 million RMB on
industrial transition and upgrade in 2011.
Trade Trends
Since 2001, Jiangyin textile & apparel export has kept growing at a high rate and
increased dramatically during the last decade. It seems has recovered from the
economic crisis in 2008.
Source: Jiangyin Government
Monthly Review
Monthly figure indicates that textile & apparel export in 2011 is relatively stable during the
year, sharply drop on Feb may be caused by short-term factors, such as drop of customer
needs.
Source: Jiangyin Government
YOY Growth
Monthly YOY figure indicates that 2011 has enjoyed a higher growth rate on export in first
quarter compare to the entire year. Meanwhile, textile & apparel are still vulnerable to
seasonal demand.
Source: Jiangyin Government
Quality Control
State Supervision and Inspection Center for Textile Products
Jiang yin Chemical Analysis Laboratory
Brand Building
Jiangyin city government enhance brand
building through:
• Money reward
100 thousand – 200 thousand RMB
• Supporting policy
<Industry 5-year cultivation plan>
<Jiangyin brand building guide>
23 brands shortlisted for regional breeding, 10
in textile industry.
Raw Material Price Index
Source: Alibaba.com
Labor Cost Comparison
Source: Fu Dan University study
According to a study from FuDan university, RMB will keep appreciating at 2-3% yearly.
However, rapid growth of labor cost will make China less competitive among countries in
Southeast of Asia, the triangle above-mentioned will appear until 2023, at that time, labor
cost in China will close to European countries and Hong Kong.
SWOT AnalysisStrength
• Unbalanced industry portfolio
•Lack of awareness of product value-added,
brand building and protection
• Industry profit is relatively low, need to
manufacture in a cost-effective manner
Weakness
• Obtain complete industrial chain in textile
& apparel industry
• Abundant raw materials for manufacturing
• Relatively cheap labor
• Competent skilled workers
Opportunity
• High pressure on price raise of labor cost,
raw material, logistics and exchange rate
• Increasingly raise of foreign trade barriers
• Strong competitive from neighboring areas
• Due to European financial crisis, the level
of global credibility will continue to drop
Threat
• Free trade agreement with Eastern Union
will boost daily consumption goods export
• State government reinforce innovation &
intellectual property rights
• New policy for energy exploit and use may
help to improve resources efficiency
Supplier Competence
Sang Yang Textile Co. Ltd
First Textile Co. Ltd
Sourcing Hub Service
Meeting with Suppliers
Package A: Meeting with suppliers in local office
Package B: Meeting with suppliers & factory visit
Market Intelligence
Acquire sourcing tips from our expert team on:
- Market information;-Sourcing tips;
Pre-trip Arrangement
Leave all transportation arrangements to us:
- hotel pick up;- Alibaba.com local office;
More Information: http://www.alibaba.com/sourcinghub
please apply here
Meet pre-screened suppliers in one day in one of the 17 Asian industrial Zones (Sourcing Hubs)
17 Sourcing Hubs
please apply here
Contact Us
Tommy Jiang Key Account ManagerBuyer Service & Development, Alibaba.com Phone: 86-571 -8502-2088 ext. 39128Mobile: 86-151-6829-8894Fax: 86-571-8981-5517Email: [email protected]: [email protected]: http://buyer.alibaba.com/
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