Home / Knowledge / News / Textiles / 'Textile industry has helped improve livelihood of Chinese people'
'Textile industry has helped improve livelihood of Chinese people'
15
Nov '11
The textile industry in the country has played an important role in improving the livelihood of Chinese people, according to China Textile Industry Association.

During the ten years since China joined the World Trade Organization (WTO) in 2000, the number of entrepreneurs in the Chinese textile industry have doubled. Compared to 13 million entrepreneurs in 2000, there were about 22 million entrepreneurs in 2010, 80 percent of whom were cotton growers. Thus, the textile industry has generated employment opportunities during the decade.

President of China Textile Industry Association Du Yuzhou said the textile industry in the country had been able to meet the increasing domestic demand. From 2000 to 2010, the share of major textile enterprises in domestic sales grew from around 67 percent to 82 percent.

Growing at an average annual rate of approximately 15 percent, China's textile and garment exports increased by 3 times in 2010 compared to 2000. In terms of the country's share in global textiles and apparel trade, it increased to more than 33 percent in 2010 from around 15 percent in 2000.

During the same period, the comparable price of local production increased 5.64 times. While the national consumer price index showed a rise of 25.53 percent during the ten-year period, the clothing consumer price index declined by 9.21 percent.

The China Textile Industry Association President said the industry will continue to innovate and expand in the domestic market, as per the requirements of the Twelfth Five-Year Development Plan.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Marcel Alberts
Eurofibers

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

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sanjukta Dutta
Sanjukta's Studio

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

Igor Chapurin
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


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