Home / Knowledge / News / Textiles / Slowdown continues to snag Chinese textile industry
Slowdown continues to snag Chinese textile industry
01
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 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Subhashini Srinivasan
The S Studio

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

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

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

Igor Chapurin
Chapurin

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

Bani Batra

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

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:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search