Home / Knowledge / News / Textiles / Exporters need more time to adjust - Commerce Dept
Exporters need more time to adjust - Commerce Dept
23
Jul '08
In July this year, China State Council asked for a complete report from Commerce Department, detailing the Chinese foreign trade scenario in the first half of 2008.

The Department was also asked to suggest ways to improve the export and trade conditions in China.

Thus, the Commerce Department officially requested the Council to help slow down RMB appreciation. It said that the export rebate rate on clothes, toys, shoes and other products must be increased so that the industries are able to cope with the tough trade conditions.

According to the statistics from China Customs, in the first half of this year, the trade surplus of China was US $99.03 billion, marking a year-on-year drop of 11.8 percent.

In June alone, the export value of China was $121.53 billion, up 17.6 percent than the corresponding month of 2007, but recorded a 28 percent slower growth-rate as compared to that in May this year.

Besides, RMB appreciation rate in the first half of this year reached 6.6 percent, forcing many export oriented textile units to close down.

Department stressed that the Chinese export enterprises needed more time to adjust, or else many more enterprises would shut down.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Jurgen Gauger
Spreadshirt

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

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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