The exports of garments from China to the Asean region increased by 42 percent year-on-year during January-October 2013 period, according to the data released by the China Chamber of Commerce for Import & Export of Textiles, China TexNet reported.
In the first ten months of the current year, Chinese garment exports recorded a year-on-year growth of around 12 percent, according to the data.
While China’s clothing exports to the EU and the US grew by 9.2 percent year-on-year and 6.4 percent year-on-year, respectively, during the ten-month period, exports to Japan registered a slight dip of 0.2 percent year-on-year, statistics showed.
At present, the economies of major developed countries have started showing results of policy stimulus measures, which will speed up the recovery of the world economy. Moreover, the Chinese economy is in the short-term adjustment phase, with fundamentals remaining steady, and both urban and rural incomes maintaining steady growth.
Hence, the year 2014 is likely to be beneficial to the development of the Chinese economy as well as its textile industry, according to industry analysts.