Affected by multiple policy and market factors such as the appreciation of the renminbi, the reduction of export tax rebates, and rising labor and raw material prices, the profit margins of textile and garment export companies have been severely squeezed since 2007. Most companies are on the verge of small profits or losses. The impact of the US subprime mortgage crisis Still continuing, the economy in the dollar zone is sluggish, and the demand for textiles and clothing has been significantly suppressed. Since the beginning of this year, the export performance of my country's textile and garment products to the United States has continued to be sluggish. Except for the growth in March due to the influence of the Spring Festival, the growth rate in other months was below 2% or even negative growth.

    According to industry insiders, the growth rate of textile yarn, fabric and product exports is significantly faster than that of clothing exports, which reflects that the impact of the relocation of my country's clothing processing links has become more obvious.

     According to an analysis report released by the General Administration of Customs a few days ago, since India, Vietnam, Cambodia and Bangladesh have all regarded the textile and garment industry as an important supporting industry in recent years and have a stronger labor cost advantage, my country's textile enterprises, especially Guangdong, have accelerated their relocation. At present, more than 400 Chinese textile enterprises have invested in Cambodia to set up factories, and nearly a hundred have invested in Bangladesh.