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Comparison of Competitiveness of the Textile Industry between China and the World’s Three Major Textile Centers
Guo Menghan1 and Zhao Xiaokang1*
1Glorious Sun School of Business and Management, Donghua University, Shanghai 200051, China
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Abstract:
From the results of China's "13th Five-Year Plan". Scientific and technological innovation has achieved remarkable results, and the textile industry has achieved the development of the entire industrial chain. Therefore, this article analyzed the international competitiveness of China's textile industry by comparing China's textile industry with the countries related to the world's three major textile centers. Firstly, based on the niche theory and the Michael Porter Diamon model, an evaluation index system for the textile industry niche was constructed. For countries, related to the three major centers of the textile industry, analyzed the relative niche and comprehensive niche scores of each dimension from 2016 to 2019. The world textile industry was measured according to the niche theory. The Vulnerability Index was calculated from normalized data. The aim was to explore the competitiveness of the textile industry in various countries as well as the future development potential and trends. According to the research results, the textile industry competitiveness of the 10 countries was divided into three levels. The first level was China, the second level was the United States, and India and the remaining seven countries were at the third level. The results showed that as of 2019, the comprehensive competitiveness of my country's textile industry was far ahead of other countries, and development potential and trends were better than in other countries in the future. However, at the same time, to further improve the international competitiveness and comprehensive strength of the textile industry, there was also necessary to pay attention to the coordinated development of social and government support.
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Keywords: Niche Theory, Industry competitiveness, Textile industry, Vulnerability index
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Received:July 08, 2022; Revised:July 29, 2022; Accepted:August 08, 2022; Published:September 30, 2022
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*Corresponding author; e-mail: zxk@dhu.edu.cn
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Citation:Menghan, G., & Xiaokang, Z.(2022). Comparison of Competitiveness of the Textile Industry between China and the World’s Three Major Textile Centers. International Journal of Business Studies and Innovation, 2(3), 1-9. https://doi.org/10.35745/ijbsi2022v02.03.0001
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Copyright: ©
2022
The Author(s). Published with license by IIKII, Singapore. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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