国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

Sharply-slowing textile exports worry industry

(Xinhua) Updated: 2012-06-01 09:33

BEIJING - New figures have showed that China's textile and garment exports slowed drastically in the first fourth months of this year as domestic companies worry about decreases in their market share overseas and inadequate support from consumption at home.

The export value of textile and garments in the January-April period stood at $71 billion, just 1.07 percent higher than a year ago, according to data released on Thursday by the China National Textile and Apparel Council (CNTAC).

The growth rate witnessed a sharp decline from the 27.05-percent rise registered in the first fourth months in 2011, judging by customs data.

Breaking the market down, exports of textile products grew only 0.15 percent to $30.73 billion, while garment exports increased 1.77 percent to $40.27 billion, the CNTAC data showed.

"The slowing exports were directly caused by higher domestic cotton prices," said CNTAC spokesman Sun Huaibin. The domestic price of 328-type cotton stood at 18,853 yuan ($2,974) per ton as of May 25, 5,460 yuan higher than its price in international markets.

The continuing price gap has weakened the competence of the domestic textile industry, Sun said, adding the nation's textile exports will face an even worse situation if the gap fails to narrow in future.

The spokesman said the disparity has also led to reduced market shares of Chinese textile and garment exports.

Along with rising labor costs at home in recent years, Chinese textile and garment products in major markets such as the United States and Japan fell to 35.58 percent and 72.03 percent, respectively, in the first quarter of 2012, down 4.55 and 2.92 percentage points year on year, Sun noted.

Meanwhile, according to the CNTAC data, China's textile exports to its third-largest trading partner, the Association of Southeast Asian Nations, grew only 2.69 percent in the January-April period, representing a drastic fall of 59.66 percentage points year on year.

The data also showed textile and garment imports by the United States, the EU and Japan dropped 6.55 percent in the first quarter, which added to the worries of Zhong Daguang, general manager of a garment company based in southern China's Guangdong province, who said his company has been getting fewer orders since the start of the year.

Li Jincai, president of the China Textile Construction and Planning Institute, said obstacles in foreign trade and lackluster domestic consumption are both having an impact on the status of the country's textile and garment industry, which supplied 32.71 percent of total exports worldwide in 2010.

At home, the situation is no less worrying. The CNTAC data showed the sales revenues of 36,700 surveyed textile companies hit 1,677 billion yuan in the first four months, up 13.11 percent; however, the growth rate plunged 17.43 percentage points year on year.

Slowing growth in both exports and domestic sales revenues slashed the first-quarter profits of the surveyed companies to 53.7 billion yuan, down 1.77 percent year on year, the data suggested.

Hot Topics

Editor's Picks
...
衡水市| 临邑县| 杭州市| 罗山县| 潍坊市| 昌图县| 门源| 福泉市| 祁东县| 大安市| 深水埗区| 镇巴县| 宜春市| 宽城| 三台县| 高密市| 娱乐| 怀化市| 泽州县| 耒阳市| 阿图什市| 宁远县| 北辰区| 安阳县| 手游| 桐城市| 通海县| 锡林浩特市| 郑州市| 文化| 海门市| 南川市| 无极县| 绥棱县| 文登市| 宁强县| 涞源县| 桐柏县| 江北区| 志丹县| 玉树县|