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Restructuring trend in China's textile exports
02 Aug '11
1 min read
A restructuring trend is reflected in China's textile exports during the first five months of 2011, according to an analysis by Statistics Centre of China Textile Industry Association.
China's total textile exports rose 26 percent year-on-year in terms of volume, but the prices increased only 21.49 percent year-on-year during the same period. While the average export prices of textiles rose 24.91 percent, the average export prices of garments saw a rise of 18.91 percent.
The figures show that the textiles and garment companies in China are recognizing the significance of value-added goods in exports.
Gao Yong, Vice President, China Textile Industry Association is of the view that the growth rate of Chinese textiles exports would slowdown in the coming 5 to 10 years. Hence, it is necessary for the country's textile sector to improve value-added products, by focusing more on high-end market. This will help stabilize and even increase China's share in global market, he said.
China's total textile exports rose 26 percent year-on-year in terms of volume, but the prices increased only 21.49 percent year-on-year during the same period. While the average export prices of textiles rose 24.91 percent, the average export prices of garments saw a rise of 18.91 percent.
The figures show that the textiles and garment companies in China are recognizing the significance of value-added goods in exports.
Gao Yong, Vice President, China Textile Industry Association is of the view that the growth rate of Chinese textiles exports would slowdown in the coming 5 to 10 years. Hence, it is necessary for the country's textile sector to improve value-added products, by focusing more on high-end market. This will help stabilize and even increase China's share in global market, he said.
Fibre2fashion News Desk - China
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