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China's textile industry performance stable in Jan-Sept'13
01
Nov '13
The performance of China’s textile industry has remained stable during the first three quarters of the current year, and the main operating indicators have achieved steady growth, the China Textile Industry Association said in its report on the economic operation of the textile industry from January to September 2013.
 
While manufacturing growth rate was lower than the same period last year, exports and other economic indicators of growth picked up steadily compared to the same period last year.
 
According to the National Bureau of Statistics, from January to September, Chinese textile industry’s industrial added value increased by 8.6 percent year-on-year, slightly lower than the first half. While the textile industry grew by 9.2 percent, the apparel and chemical industries showed an increase of 7.5 percent and 10 percent, respectively.
 
From January to September, fibre, yarn, fabric and garment production of large-scale man-made textile enterprises reached 30.461 million tons, 25.762 million tons, 49.428 billion metres and 19.392 billion pieces, respectively, growing at 7.47 percent, 7.45 percent, 7.12 percent and 0.73 percent over the corresponding period of previous year.
 
Although exports grew at a faster rate than last year, the year witnessed a fluctuating trend. During the first three quarters, China’s textile exports grew at 10.96 percent year-on-year to US$ 84.223 billion, while apparel exports rose at 12.25 percent year-on-year to US$ 131.088 billion. The first half of the year showed an overall slowdown in export momentum, and performance picked up in July and August, only to fall again in September.
 
At present, the international market economy is basically stable, and export environment does not show volatility, and China’s textile and apparel exports are likely to grow at about 10 percent.
 
Demand is expected to remain stable in Chinese domestic market, however, improvement space is limited due to low level of consumer confidence.
 
Combining both internal and external market conditions, Chinese textile industry efficiency situation is basically stable.
 

Fibre2fashion News Desk - India

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