Home / Knowledge / News / Textiles / Chinese textile firms need to adopt rational view
Chinese textile firms need to adopt rational view
09
Jan '14
In 2013, the Chinese textile industry passed through an important period of adjustment and it maintained a steady growth despite facing numerous challenges.
 
As per the data from the National Bureau of Statistics, the Chinese textile industry’s main business income increased by 11.7 percent year-on-year to 4.558 trillion yuan in the first three quarters of 2013. Similarly, profit increased by 17.41 percent year-on-year to 215.249 billion yuan, while exports rose by 11.74 percent year-on-year to earn US$ 215.311 billion.
 
Overall, the textile industry’s main business profit growth and revenue growth remained above average in comparison to 40 other types of industries, during the year.
 
However, the year 2013 saw continuation of profit pressures faced by cotton spinning enterprises, mainly due to the wide difference in prices of domestic cotton and those of the imported variety.
 
The year 2014 is also likely to be smooth. Most importantly, the Government is likely to change its cotton policy, thus easing the pressure on cotton spinning enterprises. However, it is not likely to dramatically alter the industry pattern in a year.
 
It is because the textile industry’s performance would also depend on other factors like the national economic policy as well as export market situation.
 
In such a scenario, the Chinese textile enterprises would have to adopt a rational view for future development. It is likely that the scale of expansion of the industry will significantly slow down, industrial upgrading would be accelerated, and industrial restructuring would be inclined towards industrial textiles.
 
However, energy conservation issues are expected to pose difficulties in the development of the Chinese textile industry.
 
Looking at these industry trends, textile and garment industries in China would have to actively look for a new direction and a new way in 2014.
 

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Eric Scholler
Groz-Beckert

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner
Devereux

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search