Home / Knowledge / News / Textiles / 'China's textile sector situation not optimistic in H2'
'China's textile sector situation not optimistic in H2'
02
Sep '13
The overall situation in China’s textile sector is not optimistic in the second half of the current year, says a recent report on ‘industrial economic operation in the first half of 2013’ released by the Chinese Government.
 
The report cites decline in domestic demand growth and the difference in prices of domestic and imported cotton as the main factors affecting the performance of the Chinese textile industry.
 
According to the data, the Chinese textile industry’s added value increased by 8.9 percent year-on-year during the first half of 2013, the growth rate declining by 2.3 percent points compared to last year.
 
Among the products with added value, the production of yarn and fabric increased by 8.8 percent year-on-year and 9 percent year-on-year, but their growth rates were 4.4 percent and 2.7 percent lower compared to the growth rates recorded during the corresponding period of last year. Garment production increased by 0.6 percent year-on-year.
 
The report notes that the operating efficiency of Chinese textile enterprises also improved during the first half of 2013.
 
From January to July 2013, Chinese textile industry realized profits of 131.8 billion yuan, and the main business income margin was up 4.6 percent year-on-year, corporate loss narrowed to 17 percent, and the total loss suffered amounted to 13.61 billion yuan, down 5.8 percent year-on-year.
 
The report says that although the Chinese textile industry performance remained stable during the first six months, some factors still trouble the industry.
 
The growth rate in China’s fixed asset investment in the textile industry slowed down during the first half, and domestic clothing consumption growth rate dropped to about 10 percent.
 
In addition, the difference in prices of domestic and foreign cotton continues to remain large. At the end of June, the price of China’s 32s cotton remained about 4,500 yuan/ton higher than the international cotton price, and for other varieties, the price of domestic cotton was about 4,200 yuan/ton higher than the international cotton price. This wide price gap has resulted in several small enterprises limiting their production activity.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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...

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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