It is highly probable that there will be a steady increase in foreign trade next year, but the textile industry, which accounts for one third of China's export trade, still needs to be cautious about the situation of the foreign trade in 2018 and confront the cold flow of "anti-globalization."

The impact of globalization has been highlighted

In the first three quarters of this year, China's total export value increased by 12.4% over the same period of last year, achieving the expected goal of a steady return. However, from the situation of cotton textile trade in the first three quarters of 2017, there is no obvious improvement in foreign trade. From January to September 2017, due to the sharp fluctuations in interest rates, the exports of cotton textiles and cotton garments both showed a negative growth as compared with the same period of last year. The import volume both showed a positive growth. The export volume of cotton textile exports decreased by 0.52% from the same period of last year. Cotton apparel The volume of export trade dropped by 2.82% from the same period of last year.

The reason, there are multiple factors

First of all, against the background of no substantial increase in world economic growth, it is difficult for international trade investment to maintain its rapid growth.

Secondly, judging from the study released by the Ministry of Commerce, the "anti-globalization" hotbed has not disappeared and the trend of protectionism will continue. The negative impact of trade protectionism will persist for a long time. Developed countries and emerging economies will double the export of China's exports.

Globalization and counter-globalization

How to confront Globalization has become a turning point for our government and foreign trade enterprises. Some experts pointed out that markets, capital, networks, policies, cultures and societies are pushing for global integration. Despite globalization and trade protectionism, global integration is overwhelming. The inter-regional, inter-country and inter-industry resource capabilities are being widely connected. How to organize and coordinate effectively is the key issue, which is directly related to the competitiveness of China-made manufacturing.

All in all, at a time when the West is counter-globalization and China is pushing forward globalization with the "One Belt and One Road", China must seize the opportunity of a new technological revolution and trade liberalization to push itself into a channel of rapid development. As for China's textile export enterprises, they should innovate from time to time and promote development through innovation so that they can smile in the wind against the global economic downturn and sing "how invincible is lonely"