Home / Knowledge / News / Textiles / Textile machinery import mounts up in Jan & Feb
Textile machinery import mounts up in Jan & Feb
19
Apr '08
According to Customs Statistics, during first two months of 2008, the import of textile machinery in China reached nearly US $720 million, a growth of 12.9 percent over the same period of last year.

In January and February 2008, textile machinery imports in general trade were worth $420 million, up by 10.9 percent, accounting for 57.8 percent of the total value when compared to same period of 2007.

Foreign-funded enterprises invested almost $220 million for imports of equipment, a slight rise of 1.8 percent.

Imports by foreign-funded companies grew substantially, while that of state-owned enterprises decreased in this period. Units with foreign-investment imported machinery worth $380 million, witnessing a growth of 20.4 percent, which accounted for 48.3 percent of total trade.

The private sector invested $200 million on equipments, which saw a boost of 8 percent, accounting for 28.2 percent of collective trade value. While the state-owned enterprises expended $120 million on these commodities, observing a fall of 4.4 percent.

In the first two months of this year China mainly imported machinery from EU and Japan. The import value from EU reached $380 million, depicting a growth of 19 percent, which contributed 52.6 percent to total trade value. Where as from Japan, eqwuipments worth $220 million were imported registering a hike of 34 percent, accounting for 30.8 percent to overall trade of the nation.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Arvind Saraf
Triveni Sarees

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

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ritu Kumar
Label Ritu Kumar

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

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

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
February 2017

February 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