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    China'S Textile And Garment Exports Will Continue To Decline.

    2011/11/12 12:55:00 24

    Textile And Garment Exports Decline

    With the influence of China

    Textiles and garments

    With the increase of export uncertainties, its export growth rate will continue to decline in the fourth quarter of this year.


    The latest statistics from China Customs show that in September this year, China's textile and clothing trade increased by 15% over the same period last year, of which the export share was about 15%, a 9.7% decline.

    It is worth noting that in September, the growth rate of China's textile and clothing exports in China fell below 20% for the first time, and the growth rate slowed down significantly compared with the previous stage.

    And August

    Increase

    In contrast, its growth in exports to the EU has dropped by 20%, the US by 8.7%, Japan by 6.4%, and ASEAN by 9%.


    At the same time, reporters from the China Textile Industry Association learned that, excluding the Spring Festival factor, the monthly export of Chinese textiles and clothing in August this year has maintained a relatively stable growth trend, but in September showed a downward trend of growth rate.

    During that month, the growth rate of textile exports dropped to 17%, and garment export growth dropped to 14%.

    This signal indicates that the growth trend of Chinese textile and clothing will have an inflection point.


    Experts from the China Textile Industry Association pointed out that due to the excessive consumption of the financial crisis in 2008, the operation space of the major economies in stimulating economic growth and increasing employment opportunities through the new monetary and fiscal policies has been significantly reduced.

    At present, the benchmark interest rates of major developed economies such as the US, Europe, Japan and other countries remain at a low historical level, with a small decrease and precautions against inflation.

    At the same time, the level of fiscal deficits is worrying.

    Therefore, as a major demand country of China's textile and apparel products, the developed economies will remain weak in the coming year, and the unemployment rate will remain high.

    probability

    Very large.


    In view of the fact that short-term internal and external demand is not likely to grow at high speed or even decline year by year, it is foreseeable that the export situation of China's textile and clothing will not be allowed in the future.

    optimistic


     
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