China's Textile And Apparel Trade Will Remain Grim.

China Spin Wang Tiankai, the president of the Federation of industry, said in a survey in Jiangsu on the 2 th, that the export of China's textile industry continued to decline in the first half of this year. There was no fundamental improvement, and the gap between the growth rate of China's exports and the growth rate of the country increased. The export situation is expected to continue to be severe.

China's Ministry of industry and information technology operation monitoring Coordination Bureau released data show that in the first half of the year, textile and clothing exports increased by 1.3% and 1.9%, respectively, compared with the first quarter.

Wang Tiankai said that despite the slight increase in textile exports in the first half of this year, the growth rate continued to decline, and this figure increased significantly compared with the national export growth. In the first half of this year, China's foreign trade exports registered an increase of 9.2%.

"Pressure comes first from cotton price difference at home and abroad." Wang Tiankai said that at present, the spread of cotton prices at home and abroad has weakened the international competitiveness of the textile industry. Since the demand for international market is insufficient, the price of international cotton has declined since September 2011, and the price gap with the domestic market has been widening.

In addition to the spread of cotton prices, the textile competitive advantage can not be ignored.

In particular, the processing orders for low and medium grade products are shifting to neighboring countries, and the transfer process is increasing. Wang Tiankai said that because of the rising cost of comprehensive production and operation, the traditional competitive advantage of Chinese textile industry has weakened, and orders have been transferred to neighboring countries such as India.

China Textile Federation predicts that the export situation of China's textile and clothing will continue to be severe.