Home / Knowledge / News / Textiles / Competitiveness of the textile sector on the rise
Competitiveness of the textile sector on the rise
Jun '11
Vice-President of China Textile Industry Association, Sun Rui Zhe said yesterday, China's textile enterprises above annual revenue of 20 million Yuan achieved 55.4 billion Yuan in profits in the first quarter of this year, up 53.57 percent year on year.

Overall competitiveness of the textile industry is still on the rise this year, exports and domestic sales are both good, growth rate is expected to be more stable in the second half of this year.

But he also pointed out that the textile industry will inevitably have to face high production costs, especially the SMEs will have to bear relatively large pressures.

Customs statistics showed that China's total textile and apparel exports registered US $68.5 billion from January to April 2011, an increase of 27.4 percent year on year.

The analysis of export prices in the first quarter showed that average price of yarn exports rose by 27 percent, average price of fabric exports grew over 20 percent and export price of apparels increased 20 percent.

China is relatively short in terms of resources, as it has to import a quarter of its cotton consumption from abroad and now China is looking for alternative sources of fiber and it will be an important goal to solve resource balance of textile and garment industry in the "Twelfth Five Year Plan", said Sun Rui Zhe.

Fibre2fashion News Desk - China

Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Yash P. Kotak
Bombay Hemp Company

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


Leave your Comments

May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search