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Chinese T&C imports post explosive growth in 2010
14 Jun '10
1 min read
China's overall textile and garment exports show a steady rise in 2010, due to stabilized demand in American and European markets. US Customs data reveals that textile and apparel imports from China realized a large increase of 21.54 percent in volume from January to April.
It is reported that US unemployment rate unexpectedly rose in April, accompanied by the spread of sovereign debt crisis in the European Union, which has aroused public concern about the second bottoming out of the international economy.
But looking at the US situation, things are not as serious as expected. Private consumption index in the United States has rebounded; domestic consumption increased for two consecutive months, specific figures grew about 0.2 to 0.4 percent.
Among categories of textile and apparel exports to the United States, fabrics imports realized fastest growth, indicating that apparel, home textiles manufacturing sectors in the United States are recovering, leading to a increase in demand for fabrics.
It is reported that US unemployment rate unexpectedly rose in April, accompanied by the spread of sovereign debt crisis in the European Union, which has aroused public concern about the second bottoming out of the international economy.
But looking at the US situation, things are not as serious as expected. Private consumption index in the United States has rebounded; domestic consumption increased for two consecutive months, specific figures grew about 0.2 to 0.4 percent.
Among categories of textile and apparel exports to the United States, fabrics imports realized fastest growth, indicating that apparel, home textiles manufacturing sectors in the United States are recovering, leading to a increase in demand for fabrics.
Fibre2fashion News Desk
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