TITLE:
An Index Analysis of the International Competitiveness of China’s Textile Industry
AUTHORS:
Yimei Fan, Lemin Bei, Xiaoyan Hu
KEYWORDS:
China, Textile Industry, International Competitiveness, Market-Possessing Rate, Trade Competitive Index, Revealed Comparative Advantage Index
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.14 No.10,
October
21,
2024
ABSTRACT: The textile industry is a traditional advantageous industry in China, and with the progress and development of science and technology, the textile industry is getting much more attention than before. However, textile exports have been hit by the changing political situation in today’s world, the increasing complexity of the world economy, coupled with the impact of the epidemic. This paper collects relevant data and literature on China’s textile export trade in recent years to comprehensively analyze the problems in China’s textile products, by using market-possessing rate (MPR), trade competitive index (TC), and revealed comparative advantage index (RCA). The paper then discusses the strategies and ways to enhance the international competitiveness of China’s textile industry as well as the sustainable development of textile exports.