|
| Friday, 17 September 2010, 12:05 HKT/SGT | |
| |
|
|
|
BEIJING, Sept 17, 2010 - (ACN Newswire) - Qualitydress.com, one of China's leading B2B search platforms, analyzes 2010 China textile industry status quo.
From the beginning of 2010, China's textile industry presented the fast growth momentum, however, as the continued renminbi appreciation, export rebate adjustment and so on uncertainty factors appeared, textile industry feel extreme pressure. Textile industry is rapidly recovery but should alert the second half year will face the uncertain factors.
First, industry value-added falls back.
In the first half year, textile industry value-added increased12.2%, year-on-year increased 4%.
Second, cotton price keep high level, textile enterprises worried about purchasing no resources channel.
Domestic cotton, cotton yarn prices continued to rise. In June, the domestic cotton price was 18,309 RMB/ton, which raised more than 838 RMB/ton, year-on-year increase 42.6%. Although 2010 cotton yarn prices speed is faster than cotton, and sales situation was very good, textile enterprise benefit was no much difference. But the cotton resources decreased, purchasing no resources channel became textile enterprises big concern.
Third, export situation turn well.
First half year, the export value year-on-year increased 16.3%, which compared with the same period of 2008, it rose 7.1%.
According to the customs statistics, the first half year, the national of the import and export trade in goods are achieved fast growing, among them the import growth rate exceeded export growth rate.
During the first half year, the total export of textile and apparel has 88.88 billion U.S dollars, year-on-year up 22%, textile exports 35.65 billion U.S dollars, increased 32.3%, clothing exports reached 53.23 billion U.S dollars, increased 16%.
Qualitydress.com analyze textile faced main problems
First, it affected by 2009's low base.
It is worth noting that low base of the 2009 in certain extent caused by 2010 the main index overestimated, while the industry in 2010 will face more complex operation environment and so on.
Second, exchange rate alteration expected pressure increasing.
It is expected that renminbin will has a small appreciation in this year. RMB appreciation for small and medium-sized textile enterprises have a great blow, and for some large enterprises have stable customer and negotiation ability, the effect is relatively small. At present domestic textile clothing exports 80% used in U.S. dollars, so RMB appreciation will give China textile and apparel export serious impact.
Third, raw material prices rising increased enterprise cost pressures.
Now the price of cotton has reached record levels, it is expected that in the second half year, textile enterprise will suffer more intensive cost pressures.
Fourth, policy adjustments may bring impact.
A series of policy adjustment export tax rebates may also involve textile industry. Textile foreign trade enterprises are very worried about the future export tax rebates will involve the textile industry.
About Qualitydress.com
Qualitydress.com is a promising e-commerce company and a leading vertical search engine company in China. Qualitydress.com (http://www.qualitydress.com/) offers a variety of high quality products such as laminating roll film (http://www.qualitydress.com/buy-laminating_roll_film/), hid card reader (http://www.qualitydress.com/buy-hid_card_reader/), pergo laminate flooring (http://www.qualitydress.com/buy-pergo_laminate_flooring/) and many more.
For more information, please contact:
www.qualitydress.com
Tel: +86-10-65569770
Email: my@qualitydree.co
Topic: Press release summary
Sectors: Fashion & Apparel, Enterprise IT, E-commerce, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
FILMART and EntertainmentPulse draw about 8,000 industry participants
Mar 20, 2026 20:40 HKT/SGT
|
|
|
TANAKA Announces Executive Appointments
Mar 20, 2026 20:00 HKT/SGT
|
|
|
MarketingPulse and eTailingPulse attract more than 1,700 industry professionals
Mar 20, 2026 11:42 HKT/SGT
|
|
|
Anticipation of Unitree Robotics' IPO Heats Up, Value Revaluation for Shoucheng Holdings (0697.HK) Expected
Mar 20, 2026 08:30 HKT/SGT
|
|
|
Global Capital Reset Takes Centre Stage at Hall Chadwick's U.S. Capital Access Forum in Singapore
Mar 20, 2026 07:00 HKT/SGT
|
|
|
U.S. Polo Assn. Unveils 2026 Spring-Summer Global Collection, Inspired by Coastal Charleston, South Carolina
Mar 19, 2026 19:00 HKT/SGT
|
|
|
Honda to Expand Motorcycle Production Capacity in India by Adding New Motorcycle Production Line to its Second Plant
Thursday, March 19, 2026 5:32:00 PM
|
|
|
Honda WN7 Electric Motorcycle Wins Gold Award at iF DESIGN AWARD 2026
Thursday, March 19, 2026 5:16:00 PM
|
|
|
Hitachi, The University of Technology Sydney and NTT DATA Sign MoU to Accelerate Green Transformation in Australia
Thursday, March 19, 2026 5:08:00 PM
|
|
|
Affiliate of Pacific Avenue Capital Partners Completes Acquisition of Care.com from IAC
Mar 19, 2026 15:15 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
