China'S Textile Export Growth Slowed Down In May Of This Year.

In July 6, 2008, according to customs statistics, in May, China's textile and clothing exports amounted to 14 billion 400 million US dollars, an increase of 9.7% over the same period last year.

In 2008 1--5, China's textile and clothing exports were 66 billion 200 million US dollars, up 15.4% over the same period last year, and the growth rate dropped by 0.2 percentage points.

Among them, the total export volume of textile products totaled US $26 billion 67 million, an increase of 26.3% over the same period last year, and the total export of clothing and accessories reached US $40 billion 90 million, an increase of 9.3% over the same period last year, which is lower than the national average level, representing an increase of 9 percentage points over the same period of 07 years.

From 07 to 08 May, the total export of textiles and clothing was 128 billion 400 million US dollars, an increase of 16.7% over the same period last year, an increase of 3.7 percentage points from the increase in September.

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China News Agency, Beijing, July, seven (reporter Yan Xiaohong) with the decline of export tax rebates, the acceleration of RMB appreciation and the increase of labor costs, the pressure on China's textile industry is gradually showing signs of stress.

In the first half of May this year, China's textile export growth slowed down.

According to the latest statistics from China Customs, the export of textile and clothing in China increased by about 10% in May.

From January to May this year, China's textile and clothing exports grew by 15% over the same period last year, an increase of zero point two percentage points.

From September to May this year, the total export of Chinese textiles and clothing increased by 17% over the same period last year, an increase of three point seven percentage points.

According to the expert analysis, the main reason for the decline in the growth rate of China's textile production exports is the acceleration of RMB appreciation since last year, the rising cost of labor and raw materials, the reduction of the export tax rebate rate, and the slowdown in international economic growth. At present, the development of China's textile industry is facing difficulties.

It is reported that under the pressure of changes in the economic environment at home and abroad, some labor-intensive industries and "large exporters" in eastern China are accelerating the pace of pferring to the central and western regions.

China Apparel Association's latest running report shows that garment production in eastern China has contracted since the beginning of this year, while the output in the central region has increased by about 30% over the same period.

Inland provinces such as Henan, Hunan, Anhui and Sichuan have become active investment provinces of Chinese garment enterprises.