At present, going abroad has become a new measure for the development of garment enterprises. Recently, Lucie Garments announced that it would use 610 million yuan of the capital increase to introduce or operate South Korean projects. Sima also announced earlier that it would take 115 million yuan to subscribe for 4.51 million shares newly issued by ISE COMPANY LIM ITED of South Korea.

It is not only Lucie and Sima that pay attention to the international market. At present, more and more textile and garment enterprises are trying to carry out international cooperation or investment acquisition. Recently, at the "Multi brand Competition Strategy - International Brand Merger and Acquisition Salon" held during the 8th Global Textile and Garment Supply Chain Conference, many senior executives of enterprises showed their intention to merge or cooperate with international brands. According to Steven Roddy, CEO of 

Fashion Compass Company, a menswear brand in Changshu, Jiangsu Province, is currently planning to acquire a high-end foreign menswear brand.

Facing the overall adjustment of the industry, Chinese garment enterprises began to look at the world and carry out international layout. Sun Ruizhe, vice president of China Textile Industry Federation and chairman of the Global Textile and Garment Supply Chain 

Conference, said at the 8th Global Textile and Garment Industry Supply Chain Conference that as of 2014, China had set up more than 2600 enterprises engaged in textile and garment production, trade and product design overseas, and "going global" has become a new measure for the development of China's textile and garment enterprises.

According to the China Men's Wear Industry Development Report 2015 recently released by the China Changshu Men's Wear Index Compilation and Release Center, from 2009 to 2014, the number of domestic investment entities that have been approved by the Ministry of 

Commerce to set up textile and garment enterprises overseas is 327, including 242 textile enterprises and 85 garment enterprises.

According to Sun Ruizhe, these enterprises' overseas investment projects are distributed in more than 100 countries and regions, covering Southeast Asia, North America, Europe, Australia, Africa and other regions, covering the entire clothing production industry chain from raw materials such as cotton and hemp to cotton spinning, wool spinning, chemical fiber and so on.

After China's textile and clothing industry entered a new stage of development, in order to break through its own development limitations and find new profit space, acquisitions have played an increasingly important role in the "going out" strategy of China's clothing enterprises. For example, Youngor (600177, Guba) once acquired American clothing brands to open the American market.

In addition, in Sun Ruizhe's view, the other way for China's textile and clothing enterprises to conduct transnational resource allocation is to carry out the layout of production capacity, that is, take industrial capital as the leading role, carry out the transnational layout of productivity and supply chain, and rebuild the "overseas China" of the textile industry. For example, Tianhong Textile announced that it would build a new production base in Vietnam this year.

Liu Xin, deputy director of the Information and Statistics Department of the China Textile Industry Federation, said in an interview with the China Business Daily that many Chinese enterprises are "going global", more from the perspective of cost. According to the new report of Boston Consulting, considering the cost of labor, electricity and natural gas, if the manufacturing cost in the United States is 100 in 2014, China's manufacturing cost index has reached 96, close to the United States, higher than 91 in Mexico and Thailand, 87 in 

India and 83 in Indonesia. From this point of view, the production cost of China's manufacturing industry is close to that of the United States and far higher than that of India and Indonesia.

Sun Ruizhe believes that in the process of "going global", the textile and clothing industry should also pay attention to the investment risks brought by regional production facilities and other factors, such as political turmoil, strikes, labor efficiency, cultural differences, supply chain supporting efficiency, infrastructure improvement speed and lack of international talents.