Home / Knowledge / News / Textiles / Majority of textile entrepreneurs confident of recovery in 2009
Majority of textile entrepreneurs confident of recovery in 2009
Apr '09
According to a recent survey among a number of textile enterprises in Zhejiang, Jiangsu and Shandong, the industry agrees that it will be the most difficult days of the textile industry in the first half of 2009.

About 50 percent of Chinese textile entrepreneurs believe that the textile industry should see signs of recovery in the second half of 2009 or in the first half of 2010, but the industry recognizes that current financial crisis has not yet bottomed out.

About 30 percent of entrepreneurs believe that there should be recovery in the second half of 2010.

About 10 percent of entrepreneurs believe that the industry will see signs of improvement only in the first half of 2011. Only less than 10 percent of people believe it be possible to see the dawn in the second half of 2011.

In the survey, none of the entrepreneurs in the industry set the time of recovery after 2012, but they recognize and aver that the current financial crisis has not yet bottomed out.

Analysis of some scholar's points out that dependence of Chinese textile industry on international market is very high and the industry should speed up structural adjustment to deal with the financial crisis.

Many small and medium-sized textile enterprises in Pearl River Delta and Yangtze River Delta are experiencing difficult times and the biggest pressure on these enterprises is lack of funds to run their companies.

The Ministry of Commerce said, China's goal for imports and exports in 2009 is that export growth should not be less than the level of GDP growth, but there is possibility for export growth to slip by 20 percent.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Ashok Desai
Bombay Textile Research Association

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

Kerem Durdag
Biovation II LLC

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin

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

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