Home / Knowledge / News / Textiles / Guangdong export value growth-rate slides
Guangdong export value growth-rate slides
21
Aug '08
According to customs statistics, in the first seven months of this year, the export value of Guangdong Province reached US $224.93 billion, representing year-on-year rise of just 13.6 percent. This is much lower increase than China's average growth-rate of 22.6 percent.

Guangdong authorities informed that this slowdown has mainly resulted from weak clothing exports, which make up for majority of shipments.

Provincial Government promised to issue many support schemes and plans in the second half of this year, especially focusing on local export enterprises.

Authorities announced that they planned to add to this year's financial aid of 230 million yuan, so that it touches 700 million yuan by the end of 2008.

Reportedly, over 230 yuan will be used to support the local export enterprises relating to textile and clothing sector, footwear, bags and accessories as well as other such traditional, labour intensive products.

Of this, 160 million yuan will be used in giving the local export enterprises some allowance to deal with the difference of export rebate, whereas 50 million yuan will be used to help them explore new export markets.

Government hopes that these measures would help raise the growth-rate of local export value to almost 25 percent in the second half of this year.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

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

Steve Cole
Xerium Technologies

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

Yash P. Kotak
Bombay Hemp Company

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

Mike Hoffman
Gildan Activewear SRL

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

Karan Arora
Karan Arora

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

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