Textiles in China

Exports are facing the most severe test.

1~7 months, China's clothing exports 82 billion 930 million US dollars, down 0.2%; textile exports 54 billion 470 million US dollars, down 0.2%.

From the perspective of single month performance, exports in 1, 2, 4 and June showed negative growth compared with the same period last year.

"This is consistent with the current pressure on China's overall import and export."

In an interview with our reporter, Wang Qian said, "since the beginning of this year, China's textile and clothing exports have been fluctuating at a low level of negative growth and 1%~2%."

The downturn in textile and clothing exports stems from the fact that the problem of internal and external troubles is still unsolved.

Under the shadow of the European debt crisis and the US debt crisis, the global economy has been declining as a whole, and the export of textile and clothing that is dependent on external demand has been severely hit. Meanwhile, domestic economic growth has dropped, costs are rising, and cotton prices are hanging upside down.

Production deceleration, enterprise efficiency decline, export competitiveness weakened.

"The EU market is the main export market for textiles and clothing in China," Wang said. "The market demand in Europe and the United States, especially in Europe, has shrunk considerably, which is the core factor leading to the export downturn."

Data show that in the first half of this year, China's textile and clothing exports to the EU totaled 21 billion 310 million US dollars, down 12.2%.

From a horizontal comparison, the EU is the only area in China's main export market. The vertical decline in exports to the European Union has accelerated, falling to two digits, worse than in 2009.

According to EU statistics, in the 1~4 months of this year, the European Union imported $44 billion 830 million of textiles and clothing from the world, down by 9.7%, of which 16 billion 830 million from China's imports fell by 11.6%, a decline of more than the average.

The share of Chinese products in the EU market is 37.5%, representing a decrease of 0.8 percentage points compared to the same period last year, of which the share of major commodity clothing dropped by 1.7 percentage points.

Although high domestic costs have led to the loss of some low-end orders to Vietnam, India and other countries, Wang stressed that due to the "cake" of the entire external demand market, the slowdown in China's exports is not a special case. Other countries are also facing the same problem, which is ultimately caused by weak external demand.

The rapid growth of textile and clothing exports in China was hit by the financial crisis in 2008.

"2008 is a watershed.

Before the crisis, thanks to China's accession to the WTO, China's textile and clothing exports basically maintained a two digit high growth rate. After the crisis, the growth rate slowed down significantly. Although there was a rebound in 2010 and 2011, the overall growth rate showed a low growth trend.

Wang Qian said that in addition to internal cost factors, Chinese textiles and

It has accounted for the share of global 30%~40%, and there is no room for improvement.

For this year's export situation, Wang said that "great pressure is not optimistic."

But he also said that in the face of changes in the external environment, the power of pformation and upgrading of enterprises will be stronger.