China'S Textile And Garment Exports Grew Rapidly In The First Half Of This Year.

In the first half of this year, China's textile and clothing exports showed a rapid growth trend. Before June, China's textile and apparel exports totaled 88 billion 878 million US dollars, an increase of about 22% over the same period last year.

The industry also reminded us that China's textile exports should not be too optimistic in the future. The export growth rate of textile industry will fall back in the three quarter of this year.

There are three reasons: first, the driving force of market demand is not sustainable, and it is still a major hidden trouble affecting the steady growth of textile industry exports.

The latest economic survey data show that the pace of expansion of manufacturing in Asia, Europe and the United States is slowing down, and the momentum of global economic recovery is showing signs of gradual extinction.

Second, the price of textile raw materials has increased, and Chinese textile enterprises have been forced to raise the unit price. But once the unit price is raised, the volume of foreign exports is bound to be affected.

With the first batch of replenishment in European and American markets in 5 and June, orders for Chinese textile enterprises are decreasing, and some overseas orders have begun to turn to low-cost countries such as India, Bangladesh and Vietnam.

Finally, the appreciation of RMB further weakened the export competitiveness of the textile industry.

After the central bank announced the resumption of foreign exchange reform and increased the elasticity of RMB exchange rate, the renminbi appreciated against the US dollar.

In the export of China's textile industry, the US dollar settlement accounts for 70%, so the export cost of Chinese textiles will increase.