Home / Knowledge / News / Textiles / Chinese textile competitiveness is weakening

Chinese textile competitiveness is weakening

Feb '07
With the gradual appreciation of RMB and reduced textile export tax rebates, the low-cost advantage of Chinese textile products is steadily weakening. At the same time, country's textile exports are facing increasingly stiff protectionism situation in foreign trade.

Recently, the Industrial Division of the State Development and Reform Commission expressed in a report their concern on the prospects of China's textile exports.

The report shows that to the end of 2006, China's textile sector achieved an increase of 21.2 percent of industrial output value, a total profit of 88.3 billion yuan. However, while exports maintained a good situation, textile industry, which accounts for 15 percent of China's exports, is facing an export environment that will undoubtedly become more adverse.

It is projected that if RMB revaluation is over 10 percent, the bargaining power of the whole industry will be significantly decreased, its impact on textile exports will also gradually surfacing. With the integration of global textile trade in textiles and the arrival of 'post-quota era', anti-dumping measures against Chinese textile products in international markets will increase.

Industrial analysts point out, the profit rate of China's textile industry has been fluctuating around 3.5 percent. With the deterioration of the export environment, domestic demand will become the major textile market for Chinese textile products.

Fibre2fashion, News Desk - China

Must ReadView All

Pic: Shutterstock

Textiles | On 27th Sep 2021

China's infrastructure plan to spur domestic demand, economic change

China’s State Council's executive meeting recently adopted the 14th...

Pic: Shutterstock

Apparel/Garments | On 27th Sep 2021

AAFA calls for tariff relief as US industry deals with shipping crisis

American Apparel & Footwear Association president and CEO Steve Lamar ...

Pic: Shutterstock

Textiles | On 27th Sep 2021

Bangladesh seeks duty-free market access to US

Bangladesh recently urged the US to provide duty-free access to its...

Interviews View All

India-EU Summit, Representatives

India-EU Summit

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Frank Heislitz, Freudenberg

Frank Heislitz

Freudenberg Performance Materials is a leading global manufacturer of...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

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

September 2021

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

Advanced Search