Home / Knowledge / News / Textiles / Exporters scout for new trade domains

Exporters scout for new trade domains

24
Apr '08
There has been a speculation that in order to compensate the loss resulting from the exchange rate of US dollar, Chinese textile and clothes enterprises have started transacting business in European dollars instead.

Depreciating dollar, rise of labor cost and raw material and reduction of export rebate rate have been severely affecting the profits of local exporters. Ironically, even increasing the export unit prices would not help since that would again increase the cost of goods, making them less price competitive than the supplies made by its competitors from India, Pakistan and Vietnam.

In 2007, Government of China reported that the profit rate of Chinese textile industry was less than 3.7 percent which was just two thirds of the industrial average profit. Experts have pointed out that the textile industry depended too much on imports and fell short of independent innovation.

With continued care and persistent determination, exporters can find a way out to revive the textile industry which is presently in a deplorable plight.

Fibre2fashion News Desk - China


Interviews View All

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Ravi Kant Prakash,

Ravi Kant Prakash

A crucial role in the process of fabric manufacturing is played by the...

Simon Daplyn,

Simon Daplyn

Switzerland-based Sensient Imaging Technologies is a pioneer with a global ...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

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

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

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

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

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

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search