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

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Mohammad Hassan
Biax Fiberfilm

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search