Home / Knowledge / News / Textiles / Slowdown continues to snag Chinese textile industry
Slowdown continues to snag Chinese textile industry
Nov '12
The slowdown that the Chinese textile industry experienced during last year continues to snag the industry even in 2012. This can be determined from the fact that all economic indices including production, sales and investment in the sector moved sluggishly during initial seven months of the current year.
Production of 37,000 large-scale textile units in the country grew to 3.14671 trillion yuan during January-July period, increasing at 10.9 percent year-on-year, which is considerably less than the 18.8 percent growth achieved during the corresponding period of last year.
Likewise, sales of the large-scale enterprises to domestic markets grew by 12.5 percent year-on-year to 2.577 trillion yuan, much lower than the growth rate of 32.8 percent registered in January-July 2011.
Similarly, textile exports of large-scale enterprises grew by just 0.3 percent year-on-year to US$ 141.58 billion during January-July this year, as against the 25.3 percent export growth achieved during same period last year.
Besides production and sales, a fall has also been noted in new investments coming in the industry. With a year-on-year rise of 16.9 percent, investments in fixed assets during January-July totalled 416.4 billion yuan, which however was 19.5 percent lower than investments attracted during the same period of 2011.
Impacted by poor demand in domestic as well as overseas market, 18.4 percent of the Chinese textile firms are countering losses, which increased by 124.2 percent during first six months of the current year, against same period of 2011.
As noted by China’s Textile Industry Association, during mid-August cotton was priced around 5,000 yuan more in domestic market as compared to world markets, which is almost 67 percent more than the gap in domestic and world market prices noticed early this year. 
The widening price gap is one of the major constraints, which has negatively impacted the competitiveness of the country’s textile sector, it said.
It has, in fact, become a key concern impacting the operation of the country’s textile industry, especially after the new national cotton purchase and release policy becoming effective in September, it added.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 27th Feb 2017

Surat to get a mega textile park, centre of excellence

The textiles ministry is positively working on the proposals for a...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: Invista

Textiles | On 27th Feb 2017

Invista explores alternatives for apparel & textile trade

Invista, one of the world's largest integrated producers of chemical...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


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