China’s textile exports are expected to increase by %

Recently, according to Jiang Hui, chairman of the China Chamber of Commerce for Import and Export of Textiles, it is expected that the industry’s export growth rate in 2014 will reach about 10% year-on-year.
Jiang Hui said that due to the continued recovery of the US and EU markets, China’s textile export market situation will be better in 2014 than in 2013, and the year-on-year growth rate in 2013 is guaranteed.
Data from the General Administration of Customs show that in 2013, textile and clothing exports increased by 11.7% and 11.3% year-on-year respectively. Since the industry’s export data in 2013, especially the first quarter, was affected by factors such as the inflow of hot money and export tax rebate policies, there was a certain degree of “moisture”. Therefore, many market participants said that the actual level of industry exports in 2013 was lower than the statistics of the General Administration of Customs. Therefore, Jiang Hui said that the “actual” growth rate of China’s textile industry exports in 2013 was around 10%. In 2014, news such as the possibility of implementing the cotton direct subsidy policy and the possibility of ending the temporary purchase and storage policy will bring benefits to the industry. The narrowing of the price difference between domestic and foreign cotton will also be beneficial to the international competitiveness of China’s textile industry. improvement and the growth of the export market.