Textile sector sees fundamental transformation in China
Fundamental changes are being witnessed in the Chinese textiles and apparel sector that includes an intense transformation in manufacturing, a bleak picture of traditional clothing production, more rational consumer behaviour, closure of several brick-and-mortar stores and government focus on enforcement of water protection legislation
Over 80% textile investment abroad in BRI region
Countries and regions along China's Belt and Road Initiative (BRI) have received over 80 per cent of its overseas investment in the textile sector in the last five years, according to the China National Textile and Apparel Council (CNTAC). CNTAC will facilitate international textile production capacity partnership, especially development of overseas cooperation zones. Industrial data showed that China's textiles and apparel export to the BRI region continued to grow in 2018, up 5.3 per cent year on year.
China's retail sales of consumers goods up 8.2%
Garment industry reports lower revenue
China to contribute 40% of world luxury spending
China to boost textile-apparel ties with Mekong nations
China to allow overseas traders for cotton futures
Guidelines issued for high-quality trade development
Chinese consumers are more digital than westerners
China to boost border trade
China will adopt a slew of measures to stabilise border trade, the commerce ministry has announced. The measures to be adopted include value-added tax exemption policy and simplified declaration process for small-scale border trade exports at pilot areas, and properly increasing amounts of local government bonds in border areas, to support infrastructure construction in border economic cooperation zones and key development and opening-up pilot zones.
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