Core Insights - The textile industry in China remains a pillar, with exports expected to exceed $300 billion in 2024, maintaining its position as the world's largest exporter for 30 consecutive years [1] - Guangdong's textile sector faces challenges due to U.S. tariffs, prompting companies to seek strategies to mitigate risks and adapt to changing market conditions [1][2] Company Strategies - Guangzhou Textile Import and Export Group Co., Ltd. has seen its business with the U.S. nearly halved, with a 34% tariff impacting profitability on existing orders [2] - The company is exploring domestic sales and diversifying its market presence, including targeting Europe and South America, while maintaining communication with U.S. clients to manage order fulfillment [3][4] - The company emphasizes enhancing core competitiveness and has long-term strategies for international supply chain development, participating in trade shows in various countries to seize global market opportunities [3][4] Market Adaptation - The textile industry is shifting from reliance on U.S. orders to focusing on domestic markets and developing local brands, as exemplified by the experience of Yida Group, which has successfully transitioned to domestic sales after facing U.S. sanctions [4][6] - Companies are leveraging their established supply chains and production capabilities to adapt to changing market dynamics, ensuring stability and resilience in the face of external pressures [5][6] Industry Trends - The Guangdong textile industry is undergoing significant restructuring, focusing on technological innovation, market diversification, and supply chain resilience [7] - Companies are adopting digital technologies and low-carbon practices to enhance production efficiency and meet international standards [7][8] - The domestic market is seen as a stabilizing force, with companies collaborating with major platforms to deepen their presence in the local market [8][9] Policy and Ecosystem Support - The Guangdong government is providing support through optimized tax policies and improved business environments, facilitating the industry's adaptation to external challenges [9] - The integration of the textile supply chain in Guangdong allows for efficient collaboration among various stakeholders, enhancing the industry's overall competitiveness [9]