China and Pakistan are two of the world's largest textile producers, meaning their goods are often exported to other countries. This can create a sense of competition between them as they both try to make as much money as possible.
The two countries are at different stages of industrial development, but that also leaves plenty of room for cooperation. That's what Mr. Zhang Xi’an, vice president of the China Chamber of Commerce for Import and Export of Textiles stated in an exclusive interview with China Economic Net.
Pakistan, for example, is one of the leading cotton producing countries in the world. They are ranked among the top five for yield. Pakistans cotton textile products accounting for 40% of its exports. When talking about competition, it would be wise to mention that Pakistan’s cotton industry has some strong advantages vs China. Compared to China, Pakistani home textiles seem to be doing well in the European Union and USA. Wang told China Economic Net. The speaker Declares that Pakistan and China are perfect partners. Strong bilateral cooperation can be expected between them.
In the past, Pakistan had been a country of little technology adoption. In China, they were ahead by miles. However, in the last decade Pakistan manufacturer not only rapidly catching up with China but having now the best of the best machines in place. Fully automated process units with the most updated software backed up to control efficiency and quality.
But how could a cooperation benefit both contries?
Knowing that according to Pakistani customs statistics, Pakistan's imports of textiles and apparel from China accounts for 62% of its total imports, which makes China its largest source of textile and garment imports.