Home / Knowledge / News / Textiles / Growth of Chinese textiles & garment exports slows down
Growth of Chinese textiles & garment exports slows down
26
Jul '11
The growth rate of China's textile and garment exports has slowed down this year, according to China's Ministry of Industry and Information Technology. This is in spite of the fact that production, exports and profits of the textile sector have witnessed a steady growth so far this year.

In terms of volume, Chinese exports of cotton goods to the US have seen a year-on-year decline of 13.4 percent during the first five months of the current year. Similarly, the country's exports of wool items and garments to the US have also decreased year-on-year by 5.7 percent and 0.8 percent respectively.

During the same period, US imports of these items from Bangladesh, Indonesia and Vietnam have increased in volume. This shift in orders from China to other countries reflects the declining competitiveness of the Chinese textiles and garment sector in the global market.

In fact, many Chinese companies have reported a 20 percent reduction in their orders this year.

Hike in labour costs, the variations in the price of raw inputs, the appreciation of the RMB, and higher interest rates – have all affected the global competitiveness of Chinese textile sector. These factors have raised the cost of business operation in China, resulting in the rise in manufacturing costs.

Industry experts say that capturing more high-end market would be the key to China retaining its status of being a world's factory. Hence, Chinese enterprises would have to upgrade their operational facilities in order to withstand the intense competition, they say.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

New Pashmina Dehairing Plant to come up in Leh

A new Pashmina Dehairing Plant will be installed at Leh to increase...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Madhu Jain
Madhu Jain

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

news category


Related Categories:
March 2017

March 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