China'S Textile And Clothing Exports Are Blocked By The Crisis

In November 27th, according to statistics, the import and export of textiles and clothing continued to grow in 1-9 months in 2008, but the growth rate declined, and the growth rate of clothing exports dropped significantly.

In the 1-9 months, the total export volume of textiles and clothing was 136 billion 985 million US dollars, an increase of 8.12%, an increase of nearly 12 percentage points year-on-year, of which 87 billion 90 million of clothing exports increased by only 1.76%, an increase of 21.24 percentage points over the same period last year.

Data show that China's textile and garment export growth rate has been an indisputable fact.

China Jiangsu news agency, Xu Ruiping, Beijing, December (Xinhua) two, December: foreign textile market demand has been impeded by the global financial crisis, and the export of Chinese textile and clothing has been blocked. The latest authoritative statistics show that the total export volume of textiles and clothing in October of this year rose by only about five point nine percent compared to the same period last year, down thirteen point eight four percentage points from the same period last year, the lowest in nearly six years.

According to the reaction of textile enterprises, the orders in the first half of next year are basically lined up, but many enterprises' orders are not yet available.

Reporters today learned from the China Textile Industry Association that the current difficulties in the textile industry were mainly due to the fact that the financial crisis was the most serious after the Great Depression of the last century, and it had a huge impact on the economies of the world.

Because now is the era of globalization, the interdependence between countries is becoming more and more closely related, and the economic recession in developed countries will have a far-reaching impact on developing countries.

Du Yuzhou, President of China Textile Industry Association, said that as the biggest textile producing and processing power, the impact of China's textile economy is also enormous.

From the domestic market, although the overall situation is fairly healthy, it has also been greatly affected.

The depression of the market is bound to put great pressure on the textile enterprises.

At the same time, for enterprises, the pressure not only exists, but also other factors, such as the impact of exchange rate changes, the increase of labor costs, and the rise of raw materials and energy prices, which make the whole industry in a more difficult period.

At present, 2/3 of enterprises in the industry are losing money or losing money, and the problems such as tight funds and backlog of products are more serious.

Du Yuzhou stressed that although most enterprises encountered difficulties, 1/3 of Chinese textile enterprises still maintained better development.

In view of its solid industrial foundation and huge market, and now with timely and effective policy support, he believes that China's textile industry will be able to tide over the difficulties.

Editor in chief: Hao Ling