According to data released by the China Chamber of Commerce for Import and Export of Textiles, in January 2015, China’s textile and apparel exports fell sharply in RMB terms, with a drop of double digits, exceeding the national average of overall foreign trade exports. Specifically, China’s textile and apparel exports totaled 156.34 billion yuan in January, a year-on-year decrease of 10.6%. Among them, textile exports were 59.48 billion yuan, down 7.6%; clothing exports were 96.86 billion yuan, down 12.4%.
Industry analysts believe that the situation faced by China’s textile and apparel exports in 2015 is not optimistic, and the growth rate may continue to slow down. The reasons are, first of all, that demand in the international market is picking up but share will still decline. Secondly, costs continue to rise and competition pressure increases. Finally, the external environment remains severe. China’s textile and apparel products have long been subject to multiple barriers such as foreign safety, green and tariffs in the international market. It is difficult for the external environment to significantly improve in the future.
The relevant person in charge of the China Textile and Apparel Industry Federation said that the current development of China’s economy has entered a new normal. Strengthening brand building is an inherent requirement of the Chinese textile industry under the new normal. It is also an effective way to implement an innovation-driven development strategy, and it is also a new way to win international competition. The inevitable choice of advantages.
Textile and apparel exports fell by double digits
According to data released by the China Chamber of Commerce for Import and Export of Textiles, in January 2015, China’s textile and apparel exports fell sharply in RMB terms, with a drop of double digits,…
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