Sign in | Join free

China's cotton textile industry facing problems: analyst

China's cotton textile industry facing problems: analyst Source: www.chinatexnet.com
Date: 30-07-2013
Visits: 287
Very Poor

Cotton textile industry in China is facing difficulties as the sales have been poor due to domestic factors and weak recovery of the international market.
 
Vice President of Fujian Hongyuan Group, Chen Cangsong said the cotton textile sales have not been desirable so far this year especially of foreign trade enterprises, xinhuanet.com reports.
 
Fujian Hongyuan Group, located in the southeast China’s Fujian province, is the largest cotton textile enterprise in the province with an annual output value of 1 billion yuan (approx. US$ 163 million).
 
Data released by the National Bureau of Statistics show that the added value of the textile industry from January to June was greater than the same period last year. However, exports to Europe, Japan and other major overseas markets have dipped.
 
Mr. Chen, who is also the general-secretary of the Fujian textile and apparel business association, said slow demand from the global market, soaring cotton prices, high labor costs and the appreciation of the Chinese currency have led to fewer overseas orders.
 
The Government of China purchased cotton for temporary state reserve in 2011 in order to protect cotton farmer’s interests, which resulted into the rise of domestic prices of cotton compared to the global market.
 
According to the report, the Southeast Asian nations like Vietnam, Bangladesh, India and Cambodia purchase cotton freely at a price of 13,000 yuan per ton and have low labor costs which have brought increased number of orders to these countries from European markets that used to order from China.
 
The textile industry in China has been suffering also due to lack of availability of skilled personnel. 
 
like 387 Unlike 43
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Comment:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32342 Users
have already joined suntexasia.com. Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Email
Password
Enter the code
rlrxe
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
 
Members Login
Already registered
Email
Password
Forgot your password
golden fees
Enter your e-mail address
Choose your room