Exports of textile products from China have increased in volume, but the same cannot be said about their value, due to a decline in prices of textile products in the international market.
Exports of textile products from China have increased in volume, but the same cannot be said about #
As a result, Chinese textile enterprises are finding it difficult to maintain their export growth and around 50 percent of spinning mills with less than 30,000 spindles have either stopped or reduced production, according to the China Cotton Spinning Association.
Exports of textile products from China have increased in volume, but the same cannot be said about #
Among the problems currently affecting the performance of the Chinese textile industry are – the gap between domestic and imported cotton prices, decrease in demand, growing competition in global market and increased costs of financing.
Exports of textile products from China have increased in volume, but the same cannot be said about #
Of these, the price gap between domestic and imported cotton is of utmost concern. Since the fourth quarter of 2011, the price gap has continued to widen and as of July 19, 2012, the difference touched 4,100 yuan/ton, which greatly undermines the global competitiveness of China’s textile sector.
Exports of textile products from China have increased in volume, but the same cannot be said about #
From January to June this year, cotton fabric imports by the US from China declined 1.4 percent year-on-year, as per the data from the US Department of Commerce.
Exports of textile products from China have increased in volume, but the same cannot be said about #
On the other hand, the US cotton fabric imports from Vietnam and India surged by 23.4 percent year-on-year and 20.5 percent year-on-year, respectively.
Exports of textile products from China have increased in volume, but the same cannot be said about #
Fibre2fashion News Desk - China
marketing@alchempro.com
