Home / Knowledge / News / Textiles / Enterprises hike prices for textile & clothes exports

Enterprises hike prices for textile & clothes exports

21
Apr '08
The very prestigious Canton Fair commenced its 103rd edition in Guangzhou City, China, on April 15. Experts have reported that almost all the Chinese textile and clothes enterprises participating in the fair have increased their export prices by 3 to 5 percent.

The rate of appreciation of RMB against US dollar has crossed over 4 percent and in such grave circumstances, exporters are left with no other alternative but to increase their export prices.

Although, some other textile and apparel companies have directed their business towards the domestic market, the experience has not been very satisfactory because of inadequate sales channels.

Presently, a large number of Chinese textile and clothes enterprises have taken resort to using European dollars to escape the adverse impact of depreciating dollar. As a result, it is anticipated that the quantity of American exports will drop as low as 20 percent this year.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Oct 2020

Research key as Africa moves towards AfCFTA: ECA

Research and interaction between researchers and policymakers is...

Pic: Shutterstock

Retail | On 23rd Oct 2020

Flipkart Group, ABFRL enter into strategic partnership

The Flipkart Group and Aditya Birla Fashion and Retail Limited...

Pic: Renewcell

Textiles | On 23rd Oct 2020

Renewcell & Tangshan Sanyou to produce recycled fibres

Swedish fashion recycling innovator Renewcell has reached an...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Rushiraj Mulani,

Rushiraj Mulani

The Shradhdha Group of companies was established in 2010 and is based out...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Subrata Ghosh,

Subrata Ghosh

Nandan Denim, part of leading conglomerate Chiripal Group, commenced its...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

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

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


October 2020

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


Advanced Search