Home / Knowledge / News / Textiles / Chinese textile sector beats all odds, keeps growth momentum
Chinese textile sector beats all odds, keeps growth momentum
25
Jul '11
In spite of facing several challenges, the production of China's textile industry has registered a year-on-year growth of 30 percent to touch 2.39 trillion Yuan or US$ 370.7 billion during the initial six months of the current year, according to the Ministry of Industry and Information Technology.

Output of the value-added industry grew by 9.9 percent over last year's output, which was 2.3 percent below corresponding period's rate of growth in 2009. Textile exports too grew by 28.8 percent to US$ 45.9 billion during the first half of the year.

During the January-May period, the overall earnings of the textile companies hiked to 97.7 billion Yuan, registering a year-on-year rise of 42.9 percent.

A number of challenges confronted the Chinese domestic textile industry during the first six-month period of 2011, which included the high variations in cotton prices, rise in production cost following an increase in labour cost, hike in interest rates and appreciation in the value of Yuan.

Further, some of the small and medium textile firms even suffered financial crunch owing to the tightening of the monetary policy by the Government.

The Ministry expects the output to plummet in the second part of the year due to many roadblocks. While high inflation in the country would hold back local consumption of garments and textiles, elevated cost of raw inputs and difficult credit would raise the pressure on domestic firms.

The Ministry also expects the overseas demand to fall due to regional political problems, Euro debt crisis and the US's huge fiscal deficit.

Fibre2fashion News Desk - China

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search