China's Textile And Clothing Exports Grew Steadily In The First Half Of February This Year.

2008/4/16 11:37:00 26

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In the first two months of this year, China's exports of textile and clothing increased by 10% over the same period last year, with a steady increase.

The latest statistics from China Customs show that between January and February this year, China's textile and clothing exported by general trade increased by about eight percent, accounting for 71% of the total value of China's textile and garment exports over the same period.

Over the same period, China's private enterprises exported about 20% of its textile and apparel exports, while foreign investment enterprises increased by eight percent, while the export of state-owned enterprises was basically flat compared with the same period last year.

In January 1st this year, the lifting of the quota restrictions for textile trade between China and Europe played a stimulating role in the export of Chinese textiles, especially to the EU market. In February of this year, China's exports to the EU showed rapid growth in exports of textiles and garments, while exports to the United States, Japan and Hongkong declined in the same period.

With the continuous rise of labor cost, the appreciation of RMB and the constraint of resources and environment, the export of low value-added textile and garment products will face greater difficulties.

For this reason, experts from the China Textile Industry Association suggest that we should strengthen the monitoring and early warning work of textile and garment products export, release early warning information in real time, increase the intensity of industrial restructuring, gradually shift from purely garment manufacturing base to clothing design and independent brand, standardize the order of export, ensure the healthy and steady development of the industry, actively open up new markets, and reasonably avoid the risk of trade barriers.