A Brief Analysis of the ‘Fancy’ Transformation of Jiangsu Textile Industry

Entering the post quota era, China's textile industry will participate in economic globalization and international competition in a larger scope and deeper level, and face greater competitive pressure [1]. In recent years, Sino-US trade frictions have been escalating and the growth of the international market has slowed down. The export pressure of the textile industry will increase. Faced with all kinds of challenges, China's textile industry should speed up transformation and adjustment, respond positively to the new "one belt and one road" initiative of the country, and shift its vision and vision from traditional market to a more open world. In the construction of "one belt and one road", Jiangsu textile enterprises play an important role. The ‘fancy transformation’ of textile enterprises in Jiangsu Province emerged at the historic moment, making the traditional textile industry smarter, greener and more modern under the new situation. Keywords—‘Post quota era’ [2]; ‘Sino US trade’ [3]; ‘one belt and one road’; textile and garment industry; ‘fancy’