Financial Competitiveness of China's Textile and Clothing Companies Based on Factor Analysis

Abstract

It use factor analysis in this article, through the special analysis about 46 listed textile and garment companies' profitability, solvency, growth capacity and operational capabilities of Shanghai and Shenzhen Stock Exchange, conduct empirical research of the Textile and clothing companies’ financial competitiveness to get the samples’ position in the industry, as well as each factor’s affection on the corporate consolidated financial competitiveness and recommend rationalization proposals for the industry to enhance the companies’ overall financial competitiveness, which will promote the development of textile and apparel industry.