Posts Tagged ‘china textile industry’

Frbiz.com reports China Textile Association forecast next year’s textile export status

October 27, China Textile Industry Association, Gao Yong, vice president of the monthly observations in the economic forum, presented in 2009 the textile industry since the export situation, even though the first 8 months of 2009 exports of the textile industry fell 1.78%, but in the main market share of trading partners are still on the rise, and for next year’s exports of textile industry, high-Yong is expected to be flat with 2009.

Gao Yong said that, 09 years since the financial crisis and economic crisis, the textile exports fall. 1-8 months, the textile industry export value of 107.5 billion U.S. dollars, an increase of -1.78%. Nevertheless, Chinese textiles in the United States, the European Union and Japan, the three major trading partners, market share is rising.

» Read more: Frbiz.com reports China Textile Association forecast next year’s textile export status

Sportswear Industry Standard System Integration Help

“The new regulation, the threshold will increase competition and prevent companies related to technology, but the quality of the products flooding the market, accelerating consolidation in the industry.” Recently, since December 1, 2008 start of our first national sport GB/T21980-2008 standard “Sportswear protection equipment installation and general technical professionals” (the “Specifications”), deputy director of the Association of the China Textile Industry Officer Section of Sports Clothing Shi-Yang Bin “Sankei Shimbun in China,” he told reporters.

According to the report, this is the first standardized system of clothing. Oven when the national industry to address the global financial crisis during sensitive periods: a group of trade in clothing export, production or closure of heavily loss-making enterprises. “As a new industry, clothing industry, not only for the group of general interest, also benefited from the rise of the ‘popular movement’ of the Olympic Games in Beijing in arm, to take on the importance of expanding demand internal consumption, and therefore attracted much attention. ” Shi-Bin Yang said.

» Read more: Sportswear Industry Standard System Integration Help

After Exchange Rate Reform The International Share of China Textile and Clothing Industry Doesn’t Drop But Increase

According to the statistics of General Administration of Customs, in June the growth rate of traditional bulk commodity export is generally higher than the first 5 months’, the apparel export is 53.23 billion U.S. dollars, up 16% and accelerates 2.9 percentage points over the previous 5 months; the export of textile yarn, fabrics and products is 35.65 billion U.S. dollars with an increase of 32.3%, accelerating 2.6 percentage points.

After the exchange rate fluctuations, the risk of big orders and long orders become increasingly obvious, the meager profits are often nibbled by RMB appreciation. So China’s textile and garment enterprises are more inclined to take short orders and small orders, they decrease the pressure of RMB appreciation through settling the exchange as soon as possible and increase the product quote continuously. According to the statistics of China Textile Industry Association, under the influence of various factors, then the actual profitability of two-third enterprises of the whole industry is only 0.62%.

» Read more: After Exchange Rate Reform The International Share of China Textile and Clothing Industry Doesn’t Drop But Increase