Home / Knowledge / News / Textiles / Textile & apparel sector gains from domestic consumption
Textile & apparel sector gains from domestic consumption
07
Sep '09
Relevant data in recent years proves that the contribution rate of China's industrial economy to the GDP is more than 50 percent and the textile industry has attained the most international competitive edge in China's industries.

China's textile industry has been seriously impacted by the global financial crisis over the past year. From January to February of this year, value growth rate of 50,000 big and major fell to 5.8 percent.

Domestic sales growth is the key to maintaining smooth operation of industrial economy. Although exports from the sector have shown an average negative growth rate of 10 percent in the past one year, domestic demand has rapidly recovered.

Proportion of domestic consumption in sales volume has grown from 77 percent last year to 80.07 percent this year. According to statistics from 50,000 big enterprises in the period February to July, cumulative growth rate of domestic output has increased progressively in each month.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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