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

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Apparel/Garments | On 19th Jan 2017

Apparel brand Mango adapts website for Middle East region

Spanish apparel brand Mango has unveiled an adapted version of its...

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Kerem Durdag
Biovation II LLC

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

Larry L Kinn
Suominen Corporation

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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