It Is Expected That The Pressure And Power Of China'S Textile Exports Will Coexist In The Second Half Of This Year.

To date China Spin The total export volume of the industry showed a negative growth trend. Before May this year, Chinese textiles clothing Total exports fell by 2.3% over the same period last year, but their decline narrowed compared with last year and early this year. The industry expects that the pressure on China's textile exports will increase in the second half of this year, but there is still momentum to support it.

The 4 day from the China Textile Industry Federation was learned that the main cause of the sustained negative growth of China's textile exports is the decline in China's textile export prices. Before April, China's textile and clothing export prices decreased by 4% compared with the same period last year, but at the same time, China's textile fabrics were affected by the narrowing of the difference between domestic and foreign cotton prices, and their competitiveness increased. This also played a certain role in narrowing the decline of China's textile exports.

Industry analysts believe that since the beginning of this year, the recovery of the world economy has been slow, and the impetus for the recovery of external demand is still insufficient. Since the two quarter of this year, the RMB has continued to depreciate, China. National cotton reserves In the second half of this year, China's textile exports will benefit from the fact that the spanaction is active, and the RMB depreciation and cotton prices will stabilize.

What's more, it is important to note that in recent years, the overall economic downturn in the European Union has led to a sharp decline in exports of Chinese textiles and clothing to the European Union. Exports of textiles and clothing to the EU fell by nearly 4% in the first half of May this year. In recent years, due to the active economic and trade relations between China and Britain, the proportion of China's textile and clothing exports to the UK has increased. The United Kingdom is the largest market for Chinese textiles and clothing in the European Union and a relatively stable market. Despite the overall decline in exports of Chinese textiles and clothing to the EU in the first half of May this year, it still maintained about 3% growth in the UK. But after the referendum in Britain, the market instability has increased, which will affect the export of Chinese textiles and clothing to the United Kingdom and the European Union.