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Industrial added value of textiles trails other sectors
05
Jun '10
According to figures recently released by National Bureau of Statistics, April CPI rose 2.8 percent year on year and PPI rose 6.8 percent. The industrial added value of large-scale industries grew 17.8 percent year on year.

Total industrial added value rose 19.1 percent year on year from January to April, the growth rate shrank 0.5 percentage points year on year compared with the first quarter.

All of the 39 industrial sectors maintained kept growth trend year on year. Among them, textile industry grew 11.2 percent, chemical materials and chemical product industry increased 17.9 percent, non-metallic mineral product industry increased by 20.4 percent.

Among others, general equipment manufacturing industry increased 23.3 percent, transport equipment manufacturing industry increased 23.2 percent and electrical machinery and equipment manufacturing industry advanced 18.2 percent.

Communications equipment, computers and other electronic equipment manufacturing industry increased 18.2 percent, electricity, heat production and supply industry increased by 14.8 percent, ferrous metals and smelting increased 19.7 percent.

From the overall statistics, it is obvious that, growth pace of textile industry was lower than other industries, despite the PPI rising 6.8 percent. Clothing only increased by 1.6 percent, while raw materials industry rose as high as 13.6 percent.

In April, textile and garment exports amounted to US $14.547 billion, up 16.44 percent year on year. Among them, textile exports increased 24.81 percent year on year, clothing exports grew 10.62 percent year on year.

From January to April, total exports of textiles and apparel increased by 15.54 percent, of which, that of textiles rose by 26.02 percent and that of clothing increased by 9.44 percent.

Growth rate of China's textile exports is expected to slow down in the second half. Fortunately, growth rate of textile and clothing in domestic retail market has been restored to levels seen in 2007, a period which saw high growth rates.

Fibre2fashion News Desk - China

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