Home / Knowledge / News / Textiles / Chinese textile firms may maintain stable growth in H2
Chinese textile firms may maintain stable growth in H2
14
Aug '13
In the first half of this year, the Chinese textile industry was adversely affected by several external factors.
 
The overall international market remained in doldrums and textile and apparel imports by the EU and Japan declined by 5 percent and 3.2 percent year-on-year, respectively, in May.
 
Secondly, the difference between prices of domestic and international cotton remained around 4,500 yuan/ton, and the quality of cotton released from the state reserves was low, which added to the pressure on the textile enterprises.
 
The performance of small-scale cotton spinning enterprises was mainly affected and production cuts were increasingly seen during the period.
 
Since the second quarter of 2013, a gradual slowing trend was seen compared to the first quarter in the textile industry production and sales.
 
However, the rebound in China’s textile and clothing export growth in the first half of this year is due to low base of last year.
 
In the second half of this year, the Chinese textile industry is faced with both favourable and non-favourbale factors.
 
Among the favourbale factors supporting the development of the textile industry are: domestic market fundamentals are still good; industries are continuing with transformation and upgrading which will strengthen the development of the industry’s inherent dynamism.
 
On the other hand, the price difference between imported and domestic cotton is still too large, which affects the performance of textile enterprises. In addition, the problem of rising labour costs is yet to be resolved.
 
However, large-scale textile enterprises are expected to maintain stable growth during the second half of this year. But the second-half growth might be lower than the first half due to increased statistical base of the second half of last year.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Eric Scholler
Groz-Beckert

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

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

Wendell Rodricks
Wendell Rodricks

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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