Home / Knowledge / News / Textiles / Chinese textile industry needs to crack pressures: Expert
Chinese textile industry needs to crack pressures: Expert
18
Apr '13
The Chinese textile industry is facing several pressures and it needs to crack these pressures through various efforts, Sun Huaibin, director of the China Textile Economy Research Centre, has said.
 
Speaking at the 2013 China Cotton Futures Forum held in Suzhou, Mr. Huaibin said the Chinese textile industry is mainly facing pressures from three sides – exports, gap in domestic and imported cotton price, and environment.
 
On the export front, the economic growth of the US, Japan and other developed countries and regions is still weak, while economic recovery in emerging market countries is in a limited range. In January-February 2013, end-market demand in developed countries showed no growth, so export pressure is still great, he said.
 
Secondly, the difference in price of domestic and imported cotton is about 4,000 yuan/ton, due to the policy of the Chinese Government. Although there is over supply of cotton in international market, high cost pressure should not be underestimated, the expert said.
 
On the environment side, the Chinese Government standards to be effective from July 1, 2014 to December 31, 2015, clearly define that direct and indirect emissions of chemical oxygen demand (COD) of existing enterprises would be 100 mg/l and 200 mg/l. This directive puts great pressure on the majority of Chinese textile enterprises, as they will not only need to upgrade technology and equipment, but will also have to invest in new land.
 
Mr. Huaibin said the current pressure would force textile enterprises to restructure and upgrade their production. He suggested further opening of domestic sales channels and balancing of benefits between cotton growers and the spinning industry.
 
On the environment, he said relevant departments could guide textile enterprises to build public energy saving facilities in cluster regions, and help businesses reduce costs.
 

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

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

Johan Berlin
InvestKonsult Sweden AB

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

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

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
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