Home / Knowledge / News / Textiles / Cotton textile exports to maintain negative growth
Cotton textile exports to maintain negative growth
04
Mar '09
An official from the Ministry of Information said that the Ministry expects, China's exports of cotton textile and cotton clothing in the first half of 2009 will continue to maintain a negative growth, due to the impact of international financial crisis and the downturn in export markets.

This will in turn increase the competition in domestic sales leading to dumping of goods at low prices, which will mean more and more enterprises losing their already meager profit margins and which in the long term will affect the health of these companies and also increase unemployment in the sector.

China exported cotton textile and cotton clothing totaling to US $71.7 billion in 2008, down 0.41 percent year-on-year, of which textile exports registered $20.8 billion, up 14.16 percent year-on-year, while cotton apparel shipments touched $50.9 billion, down 5.35 percent year-on-year.

The official said, profit growth rate of the cotton textile industry would continue to fall and added by saying that since 2008, the government has unleashed a series of measures including procuring cotton and increasing export draw back rates to restore confidence in the cotton textile sector.

Fibre2fashion News Desk - China

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

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

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:
May 2017

May 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