Home / Knowledge / News / Textiles / Exporters scout for new trade domains
Exporters scout for new trade domains
24
Apr '08
There has been a speculation that in order to compensate the loss resulting from the exchange rate of US dollar, Chinese textile and clothes enterprises have started transacting business in European dollars instead.

Depreciating dollar, rise of labor cost and raw material and reduction of export rebate rate have been severely affecting the profits of local exporters. Ironically, even increasing the export unit prices would not help since that would again increase the cost of goods, making them less price competitive than the supplies made by its competitors from India, Pakistan and Vietnam.

In 2007, Government of China reported that the profit rate of Chinese textile industry was less than 3.7 percent which was just two thirds of the industrial average profit. Experts have pointed out that the textile industry depended too much on imports and fell short of independent innovation.

With continued care and persistent determination, exporters can find a way out to revive the textile industry which is presently in a deplorable plight.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mike Hoffman
Gildan Activewear SRL

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

Robert Brunner
Devereux

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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:
March 2017

March 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