|Social business November 15 hearing before the October textile clothing export amount in demand has picked up, driven prices to continue growing, but to enter the 10-month growth rate has slowed down, in line with the judgment of the investment securities in the pre. The first 10 months, China's textile and apparel exports accumulated to 167.61 billion U.S. dollars, a year-on-year growth of 22.98%. Total textile exports of $ 62.62 billion, apparel exports of $ 105 billion, a growth rate of 29.4% and 19.45%, respectively, although the amount of exports to continue growing, but the growth rate has slowed down entering the fourth quarter. First three quarters, textiles, apparel exports under the two major factors driving the increase in export orders and higher prices of export products, to maintain substantial growth in the fourth quarter due to the reduction of the pressure of RMB appreciation and EU orders, investment securities in the third quarter of lowering the fourth quarter of the exports are expected to decline in export growth in October, in line with the judgment of the CIC Securities. In addition, due to the appreciation of the RMB, the actual October textile and garment export growth rate is also lower than the customs statistics (customs statistics denominated in units of dollars).
Due to the growth in the first half of the year, the annual textile and garment exports grew by 16% is expected. Third quarter enterprise EU orders declined, but the textile and garment export enterprises have production orders lined the third quarter, the domestic textile and garment export growth in the third quarter will continue to be guaranteed. Reduction in the third quarter, orders will affect exports in the fourth quarter. For the full year, due to the large growth in the first half, annual textile and garment export growth will be about 16%.
The textile export growth fell indicative of future export growth will continue to slow. The first seven months of 2010, the global textile industry boom is picking up, the textile export growth continued to 10 months faster than the growth rate of the clothing and textile exports for the first 7 months of 2010 reached $ 42.8 billion, compared to 2008 level of the same period increased by 10.59%.
Export data from October, the textile exports of $ 6.089 billion, a year-on-year growth of 11.17%, apparel exports 12.504 billion U.S. dollars, a year-on-year growth rate of 45.5%, the textile export growth rate is less than the growth of garment exports.
The impact of European and American consumer market shrinking demand, global textile and apparel production boom of the decline will affect the overall growth of the domestic textile and garment exports in the future.
"Bottleneck" in the sub-sectors concerned about the industry recovery process - dyeing, accessories sub-sectors. Printing and dyeing industry, due to the serious pollution, from 2008, is the country restricted industries, recently few new batch of printing and dyeing enterprises, the national capacity of basically no expansion. Existing enterprises in the printing and dyeing industry is expected to obtain greater benefits in the case of the gradual recovery of the textile industry.