Home / Knowledge / News / Textiles / China's textile industry may show steady growth next year
China's textile industry may show steady growth next year
11
Dec '13
The overall performance of the Chinese textile industry is likely to remain steady in 2014 due to low risk of international upheavals and steady growth in China’s domestic demand, according to the China Textile Industry Association.
 
This year, the overall economic performance of China’s textile industry was low, and the textile industry added value increased by about 9 percent year-on-year during the first ten months, slightly lower than the added value in the first half of 2013. The clothing sector showed an increase of approximately 8 percent year-on-year in the first half of the current year.
 
In the first nine months of 2013, the main business revenue of Chinas’ textile industry enterprises grew approximately 12 percent year-on-year, while their gross profit increased by about 17 percent year-on-year.
 
According to industry experts, major developed economies have gradually started showing good momentum, which will speed up the recovery of the world economy. 
 
Moreover, the Chinese economy would, in the short-term, remain in the adjustment phase. Plus, the fundamentals remain steady and there is steady growth in urban and rural incomes. Hence, the next year would be beneficial to the development of China’s textile industry, say experts.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Johan Berlin
InvestKonsult Sweden AB

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin
Chapurin

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

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:
April 2017

April 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



X