FDI and the construction of the restructuring mechanism of the textile industry in Jiaxing

Textile industry is the pillar industry in Jiaxing. But Jiaxing's textile industry is the traditional labor-intensive industry, which means its core competitive advantage is the low labor cost. Now, transforming and upgrading is becoming the main issues of the sustainable development of Jiaxing's textile industry. This paper mainly studies the transformation and upgrade of Jiaxing's textile industry from aspect of foreign direct investment. By analyzing the situation of Jiaxing's textile industry, we summarized some problems and proposed feasible measures and suggestions.