Home / Knowledge / News / Textiles / Chinese textile firms may maintain stable growth in H2
Chinese textile firms may maintain stable growth in H2
14
Aug '13
In the first half of this year, the Chinese textile industry was adversely affected by several external factors.
 
The overall international market remained in doldrums and textile and apparel imports by the EU and Japan declined by 5 percent and 3.2 percent year-on-year, respectively, in May.
 
Secondly, the difference between prices of domestic and international cotton remained around 4,500 yuan/ton, and the quality of cotton released from the state reserves was low, which added to the pressure on the textile enterprises.
 
The performance of small-scale cotton spinning enterprises was mainly affected and production cuts were increasingly seen during the period.
 
Since the second quarter of 2013, a gradual slowing trend was seen compared to the first quarter in the textile industry production and sales.
 
However, the rebound in China’s textile and clothing export growth in the first half of this year is due to low base of last year.
 
In the second half of this year, the Chinese textile industry is faced with both favourable and non-favourbale factors.
 
Among the favourbale factors supporting the development of the textile industry are: domestic market fundamentals are still good; industries are continuing with transformation and upgrading which will strengthen the development of the industry’s inherent dynamism.
 
On the other hand, the price difference between imported and domestic cotton is still too large, which affects the performance of textile enterprises. In addition, the problem of rising labour costs is yet to be resolved.
 
However, large-scale textile enterprises are expected to maintain stable growth during the second half of this year. But the second-half growth might be lower than the first half due to increased statistical base of the second half of last year.
 

Fibre2fashion News Desk - India


Interviews View All

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2019

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

news category


Related Categories:

Advanced Search