Home / Knowledge / News / Apparel/Garments / Despite hike in exports & prices, garment makers face losses
Despite hike in exports & prices, garment makers face losses
Oct '11
Despite clothing exports increasing faster in the third quarter, garment companies posted losses in the quarter, says a report.

The report reveals that China's garment exports grew very fast in the third quarter and prices rose 3.8 percent in the quarter.

China's third-quarter index report on domestic apparel business climate jointly prepared by China Economic Monitoring Center of the National Bureau of Statistics and the Economic Daily was released on October 25.

The Index report shows that, although garment manufacturers maintained price growth by 3.8 percent in the third quarter, China's garment exports increased very fast in the quarter.

However, being affected by multiple factors, such as hike in labour costs and transportation, higher financing costs and other aspects, losses of garment manufacturing companies significantly increased in the third quarter.

Their losses surged to 1.24 billion Yuan, an increase of 124.7 percent year on year, and 100.3 percent from the previous quarter.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search