Ministry Of Commerce Foreign Trade Division Ren Feng: Textile Exports Still Face Greater Internal And External Pressures.
It was held a few days ago. First "Zhengzhou Agricultural Products Futures (cotton) Summit Forum," Ren Feng from the textile import and Export Department of the Ministry of Commerce of the Ministry of Commerce, said that from the current situation, China's textile and clothing exports still face greater internal and external. pressure Exports of textiles and clothing are expected to exceed US $180 billion in the whole year.
Ren Feng said that the main reasons why textile exports face greater internal and external pressure are raw materials and freight.
Price
The rise of the textile industry is faced with four difficulties, such as recruitment difficulties and wage increases, appreciation of the renminbi and increasingly serious trade protectionism.
"At present, the average profit rate of domestic textile industry is 3% to 5%, and the enterprise's ability to raise prices is relatively low.
In addition, the recent United States House of Representatives members jointly proposed the 2010 Security Act. If this bill is passed, it will directly affect our textile and clothing export environment.
Influenced by trade protectionism, some key customers have adjusted their layout, dispersed in China, and even pferred some of their orders to Southeast Asia.
Li Feng believes that, combined with these factors, it is expected that China's clothing will continue to grow steadily in the second half of the year, but the annual export growth may be high before and after low.
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