| Rely on domestic demand and ease pressure on | | | | declining external demand to economic growth of |
| exports take time | | | | China's textile and very likely in the future will |
| General Administration of Customs released the | | | | become negative. This means that export growth will |
| latest data show that 1 in September China's total | | | | make no contributions to the textile, and even delay |
| textile and apparel exports 136.94 billion yuan, an | | | | the future of economic development. "In fact, |
| increase of 8.12% over last year, lower than the | | | | already showing signs of the current situation, |
| national export increase of nearly 14.2 percent, down | | | | according to the first 8 years of monthly data |
| 8 consecutive months. | | | | estimated that the textile export growth this year |
| Although our effect from August 1 to improve | | | | may be driving the rate down to -4.75%." Experts |
| garment export tax rebate rate, but the good news | | | | said. |
| failed to realize 8,9 month clothing export growth, | | | | Notably, the textile and garment industry, under |
| export growth is still a downward trend in garment | | | | orders from foreign customers, to production to final |
| exports from a different angle, the market downturn. | | | | export requires a cycle. This means that external |
| Industry insiders say that if the combination of | | | | demand changes in the market ultimately reflected in |
| exchange rate changes, starting from June, China's | | | | the number of Customs also take some time. Based |
| textiles and garment export has actually been | | | | on this, experts believe that textile and garment |
| negative growth. | | | | industry is now far less than the bottom of the |
| Experts say the next 1 to 2 years, the textile and | | | | exports next year, or worse, and this bad situation |
| apparel industry, the winter will be "cold" down, and | | | | at least for 1 to 2 years. China Textile Industry |
| this trend is irreversible. Most textile and apparel | | | | Association Du Chau appeal, hoping the export tax |
| categoriesrecent performance of listed companies | | | | rebate rate to "return to the original 15%", and hope |
| notice a very bleak. Zhejiang Hongda Warp Knitting | | | | that the Government can strengthen the social and |
| Co., Ltd. will be the owner of the net profit | | | | public services to SMEs, including technology, |
| attributable to parent company, compared to last | | | | information, logistics, training and support . |
| year from less than 50% decline in revised down | | | | Industry that led to the export growth rate fell the |
| from 50% to 70%. Domestic production of leading | | | | most basic factor is the world's economic downturn |
| enterprise denim black peony announcement said the | | | | shrinking external demand, so even if China's trade |
| company before the 3-quarter net profit loss. China | | | | policy adjustments can only help companies reduce |
| Garment notice, 1 September profit attributable to | | | | losses, and are unable to export from the source to |
| parent company -1.59 thousand million. Huafang shares | | | | reverse the slide . |
| before the company expected Q3 net profit down | | | | External demand market fundamentals are changed |
| 50%. Reporter noted that the performance loss in all | | | | circumstances, the development of domestic market |
| the company's statement, most analysts believe that | | | | seems to be in the textile and clothing enterprises |
| the market downturn, production and operation of | | | | out of the main ways. For the industry in general |
| the industry have faced enormous difficulties. | | | | promising to rely on domestic demand to ease the |
| Experts said that the listed company's analysis shows | | | | plight of textile exports, experts believe that this |
| that the main applicable to the situation of the | | | | effect may be achieved after 3 to 5 years, and |
| preceding period, the situation is not optimistic | | | | never will be the persons concerned in the next year. |
| market outlook. | | | | Meanwhile, as more businesses were forced to |
| Worse, intensifying the financial crisis has led to a | | | | switch to domestic exports, domestic demand will |
| significant slowdown in global economic growth, | | | | become even more fierce competition in the market. |