The president of the China Textile Industry Association, Wang Tiankai said, more than a year, the textile industry’s production, sales and earnings have experienced small challenge, china textile industry is in the transformation and upgrading.
First, severe and complicated of the domestic and international economic situation, more complex situation china textile industry face. Second, china textile trade experienced a depth adjustment. On the one hand, in the past many years, the textile industry is depending on the expansion urgent need to improve; On the other hand, as the traditional industry with labor advantage, china textile industry is facing bottleneck of resources and the environment, as well as the rapid rise in factor cost, resulting in orders outflow to neighboring countries and regions, while the high-end of the value chain has not been fully established.
Since September 2012, with the steady growth of the domestic demand, the enterprise business inventory adjustments, and the base for the same period a year earlier, reducing the growth of major economic indicators, china textile trade recovered slightly, but cotton price are still expand at home and abroad, the industry recovery foundation is not solid
“In the face of difficulties, the textile and garment enterprises should establish confidence in the domestic market With the growing demand of the masses consumption,china textile and garment industry assumed the corresponding improved.” Said Wang Tiankai.
This news was choosed by Yiwu International Trade Co.,Ltd.:
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