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.