Status Quo of Textile: China's new model for R&D of textile machinery is imminent

After decades of development, China's textile machinery, especially cotton spinning machinery, has matured. The gap with foreign advanced levels has gradually narrowed, but there are still many problems. Since China's accession to the WTO, domestic textile companies have seized this excellent opportunity and achieved rapid development and progress. Accelerate the pace of technological innovation and develop series of products; vigorously implement export strategies and seek new ways to upgrade technology; and it is urgent to explore new models for R&D of textile machinery in China.

Accelerate the implementation of export strategy

The major export regions of China's textile machinery are concentrated in Asia, and many countries are also facing adjustments in product mix. The proportion of demand for high-grade and complete sets of textile machinery will gradually expand. The beneficiary countries after the abolition of quotas will become an effective growth market for textile machinery. Textile machinery should seize the opportunity for development in the post-quota era, and accelerate the implementation of exports for the regions that benefit from quota trade, and increase market share. The implementation of a gradient transfer strategy for export products to achieve a change in trade patterns is an effective way to expand the market share of textile machinery. China's textile machinery still has a certain gap compared with developed countries, but it has obvious advantages over India, Pakistan, Bangladesh, Turkey and other major textile and trading countries. In particular, China has a certain degree of competitiveness in cotton spinning equipment, polyester complete sets of equipment, and printing and dyeing equipment, accelerating the implementation of gradient transfer of products, increasing direct investment in these regions, vigorously implementing export strategies, and seeking new ways to upgrade technology to increase International market competitiveness. After China's accession to the WTO, it has increased the protection of intellectual property rights, and it has also been threatened by new trade protection policies from developed countries' technical barriers. It is unlikely that the traditional textile machinery industry will continue to support the demand for technology through traditional imitation techniques and simple technology introduction. . Therefore, we must speed up the implementation of mergers and acquisitions strategy, implement industry mergers and acquisitions in characteristic enterprises in developed regions of textile machinery, directly acquire advanced and continuous product technologies, and seek new models for technological upgrading.

Improve core competitiveness

Domestic textile machinery companies are generally blindly pursuing the development of complete sets of products, resulting in products with no characteristics and market competition. Most foreign textile machinery companies only focus on a certain product or a certain process, and make a world famous brand in a certain area. Therefore, domestic textile machinery companies should not blindly achieve diversified operations, and should continue to take the "professional, refined, and deep" business path to form specialized characteristics.

Effective use of the capital market

To increase the substantial integration of state-owned capital, state-owned capital should play a role in guiding and regulating industrial development in competitive industries. However, too many state-owned capital enterprise groups have the color of industrial administrative companies and have not really formed an industry leader. Industrial groups that lack asset bond relationships cannot form industrial agglomeration effects. Loose-type enterprise alliances will force companies to fight each individual soldier, causing similar products, duplication of technology, inefficient allocation of resources, and ineffective division of industries. State-owned capital leverage in competitive industries. Did not fully play. The state-owned capital of the textile machinery industry should become a new force for independent research and development in technology. We should vigorously develop complete sets of equipment that meet the needs of the national economy in products, play a regulatory role in capital, increase reorganization and acquisition of industries, and guide the direction of industrial investment. Increase the utilization of the capital market and promote industry-oriented mergers and acquisitions. At the same time, we must make full use of the inflationary effect of the capital market to encourage advantageous companies to list overseas and use their raised funds to cultivate their own advantageous industries.