Home / Knowledge / News / Textiles / Value added by textile industry grows in double digits
Value added by textile industry grows in double digits
04
Nov '08
In the first three quarters of 2008, value added year-on-year by China's textile industry grew 11.2 percent however the growth rate fell by 5.4 percent compared to same period of 2007. Exports registered Yuan 580.8 billion, an increase of 7.3 percent, but down 7.3 percentage points from the same period of last year.

Yarn output reached 15.98 million tons while cloth output touched 41.7 billion meters representing an increase of 9 percent and 6.3 percent respectively. Clothing production marked 15.16 billion pieces, an increase of 5.9 percent.

Chemical fibre production achieved 17.98 billion tons, an increase of 2.4 percent. Domestic cotton prices rose slightly in the first half, but showed a rapid decline in the third quarter. By end of September, domestic cotton price index fell to Yuan 12,846 per ton, down 7.3 percent from the end of June, a year-on-year decline of 1.1 percent.

In the first eight months, textile industry as a whole realized total profits amounting to 72.7 billion Yuan, an increase of 4.3 percent. Separately, textile and garment industries realized a growth of 12.7 percent and 10.1 percent in profits respectively, but profits of chemical fibre industry fell by 47.1 percent.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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