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

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ritu Kumar
Label Ritu Kumar

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

Robert Brunner

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search