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China's textile & apparel exports fall sharply in Jan '15
12 Feb '15
1 min read
The value of exports of textiles and apparel made by China in January 2015 fell sharply, according to the China Chamber of Commerce for Import and Export of Textile and Apparel.
In January 2015, China’s total textile and clothing exports were valued at 156.34 billion yuan, registering a decline of 10.6 per cent year-on-year. Of this, textile exports fell 7.6 per cent to 59.48 billion yuan, while apparel exports dropped 12.4 per cent to 96.86 billion yuan.
Last year, China’s total textiles and garment exports stood at 1.83 trillion yuan, showing an increase of 4.06 per cent year-on-year, which was lower than the 4.9 per cent growth recorded for all Chinese exports.
The Chinese textile and apparel industry is facing increased competition from other countries at a time when costs are continuing to rise. So, the outlook for 2015 is not very optimistic for Chinese textile and clothing exports, according to industry analysts. (RKS)
Fibre2fashion News Desk - India
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