Home / Knowledge / News / Textiles / Lean phase of textile industry
Lean phase of textile industry
12
Nov '08
Textile industry in China has been going through a rough patch since the beginning of this year, and the situation has only worsened.

In past few months, Chinese Government has introduced some policies to stimulate domestic economy, such as lowering deposit and lending rates, increasing investment to promote local demand and modifying rigid limitations of bank credit, in order to actively cope with the global financial crisis.

After purchasing 220,000 tons Xinjiang cotton for the first batch of state reseve cotton, the state bought the second batch of 1 million tons from both inland and Xinjiang. It is reported that the state will continue to increase cotton purchase volume in the future. On November 10, Zhengzhou cotton futures finally rebounded from bottom, curbing a downtrend of past few days.

However, textile and garment transactions were not optimistic at third phase of 104th Guangzhou Trade Fair that was held during November 2 - 6. Depreciation of the Euro and US Dollar is one of the key problems faced by enterprises while receiving orders.

Besides, as international economic situation weakens further, the sales are inevitably to shrink as well. At the forum, aiming to ease export difficulties of labor-intensive businesses such as textiles, recently organized by the Ministry of Commerce, enterprises strongly demanded rise in export tax rebate rates so that it reaches 17 percent.

Fibre2fashion, News Desk - China

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Ashok Desai
Bombay Textile Research Association

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

Larry L Kinn
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

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

Sonam & Paras Modi
SVA

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X