Research On Trade Finance Of Clothing Enterprises Under The Supply Side Reform

Garment trade has become an important constituent part in our national economy since the reform and opening of China.In recent years,the Chinese garment enterprises have been taking serious hits to the cost competitive advantage from the abroad as the strong rise of processing industries in the ASEAN countries and regions,and aggravating their operating costs increasingly due to the demographic dividend fade caused partly by the adjustment of domestic economic policies.Under such a domestic strife and foreign aggression,the Chinese garment enterprises turn to lose their competitive power in the international trade.With the implementation of the "supply-side structural reform",the central government called for reform and innovation for such enterprises represented by garment that have lagged behind from the five aspects of" cutting overcapacity,destocking,deleveraging,reducing cost and improving weak links".However,the change of financial ecological environment caused by the growing reform team and the repartition of financial resources directly contributed to the difficulties of trade financing for the garment enterprises.Based on the background of the "supply-side structural reform",to improve the living space of garment enterprises and their market competitiveness,the paper contrastively demonstrates and analyzes the trade financing status of clothing enterprises with the combination of practical experience and theoretical analysis,and there upon puts forward some strategies and methods,especially the feasible strategies for garment enterprises in active external cooperation and trade financing.The paper makes the conclusion that trade financing can effectively improve the garment enterprises'operating performance,boosting reform and innovation,and that joint trade financing can further ease their financing plight,help to grab more financial resources,enhance the market competitiveness and then provide the reference to the research of national economic development.