Home / Knowledge / News / Textiles / Textile GDP shows remarkable growth in 2007
Textile GDP shows remarkable growth in 2007
01
Jan '08
The latest data released by statistics center of China Textile Industry Association showed that 2007 economy operation of China's textile industry has achieved healthy growth.

According to revised report, above-scale enterprises in textile industry are expected to complete a total industrial output value of 3.05 trillion yuan, up 21.9 percent year on year.

The data showed that above-scale enterprises of the whole textile industry are expected to realize a total profit of 115.2 billion yuan, up 32 percent from the previous year. Import volume will reach 18.9 billion yuan, an increase of 4.4 percent on year.

Experts said that China's textile industry has shown steady growing trend in production, sales, exports and efficiency starting this year, however, some resistance in operation could not be evaded.

Firstly, the price rise in international crude oil has increased the production cost pressure of chemical fiber enterprises.

Secondly, the implementation of new slide-tax policy has indirectly enhanced production cost of cotton spinning enterprises.

Thirdly, continued rise in wool price has been the biggest problem wool textile industry encounters this year.

Moreover, coal, oil, electricity sectors have maintained steadily growing trend, especially the rapid growing trend of labor cost has become the main cost pressure of textile enterprises. At the same time, continued appreciation of RMB has been the biggest problem encountered by textile export enterprises.

In the context of this background, industrial experts expect that the basic profitability of China's textile industry will remain stable in 2008. It will probably maintain the current level and unlikely to show a marked decline.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

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

Suresh Patel
Sidwin Fabric

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search