Home / Knowledge / News / Textiles / Export oriented Guangdong feels highest heat of impact
Export oriented Guangdong feels highest heat of impact
Dec '08
The total value of foreign trade from Guangdong Province amounted to US $631.180 billion from January to November this year, representing a 10 percent increase over the same period last year, but November growth fell nearly 13 percent from that in October. It will be difficult to maintain annual growth target of 10 percent, if total value of imports and exports continue to decline in December.

The industry believes that the rapid decline in total foreign trade in Guangdong is related to a larger proportion of traditional labor-intensive industries. In comparison with the same period last year, orders received by textile enterprises in Guangdong have fallen by 30-40 percent with prospects for the textile industry expected to be even more difficult next year, mainly due to decline in overall demand.

The industries in Guangdong are mainly dependent on exports for their survival and its dependence on exports is as high as 90 percent, which is three times the national average and therefore the financial crisis has brought a serious impact on the all sectors with the textile sector feeling the greatest brunt.

In addition, under the impact of the financial crisis, the import and export value in November from Shanghai registered $45.4 billion, down 9.7 percent from the same period last year, the biggest monthly decline in 7 years. Some coastal provinces and cities with high exports, which include the likes of Zhejiang, Fujian and Beijing, have also been seriously impacted by the financial crisis.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

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

Igor Chapurin

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

Sonam & Paras Modi

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search