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China Textile News - in Cooperation with Textile and Apparel
Weekly
Latest issues about the Chinese Textile and Clothing
Industry
In cooperation with the magazine (Textile and
Apparel Weekly) of our partner, the China
Textile Network Company you will find interesting topics
about the Chinese market:
Use our archives to learn more about the previous reports:
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2010/03/05
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China Warp
Knitted Fabric Imports by Origin in Jan.-Dec. 2009 (Monthly Report)
China's warp knitted fabric imports
plummeted 22.84 per cent to118.00 million U.S. dollars from January
to October 2009.
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Country of origin
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Accumulated value
($ 10,000)
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Accumulated unit value
($ 10,000/ton)
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Y-on-Y change
(value, %)
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Y-on-Y chnage
(unit value %)
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Japan
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4613
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3:97
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- 8:75
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14:08
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Taiwan
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3369
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0.99
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- 33.67
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- 15.38
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Korea
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3115
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1.81
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- 3.65
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16.03
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Mainland
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1274
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1.23
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- 40.29
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- 12.77
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Germany
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832
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5.62
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42.48
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44.85
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Note: Mainland means domestic sales
of commodities originally produced for exports
Source: CTEI exclusive
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2010/03/05
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Italian
textile machinery once again major factor at ITMA + CITME
Just a few months away from the
next ITMA ASIA + CITME to be held in Shanghai from June 22 to 26,
Italy's leadership position among textile machinery technology suppliers
is highlighted by the high number of Italian manufacturers exhibiting
at the event.
110 Italian exhibitors will be in attendance at ITMA ASIA + CITME
2010, occupying an overall exhibition space of some 3800 sq. m.
Of these exhibitors, 66 will be presenting their products as part
of the National Sector Group, organized by ACIMIT (the Association
of Italian Textile Machinery Manufacturers) and ICE (the Italian
Trade Commission). The four Italian clusters will be situated in
the spinning (Hall W2), non-wovens (Hall E1), weaving (Hall E4)
and finishing machinery halls (Hall W5). The total surface area
occupied by Italy's National Sector Group amounts to roughly 1700
sq. m.
ACIMIT President, Sandro Salmoiraghi, asserted his optimism regarding
the upcoming trade fair in China. In the wake of the positive results
for the first edition, ITMA ASIA + CITME certainly confirms its
status as the preeminent trade fair for textile machinery in Asia.
And China is the largest global market for textile machinery: Chinese
imports of machinery for 2008 exceeded 2.6 billion euros. This represents
an additional plus for the success of ITMA ASIA + CITME.The high
number of Italian exhibitors, in spite of the economic downturn,
continues the President of ACIMIT, bears witness to the fact that
businesses have a positive outlook on the future. The Chinese market,
for its part, represents the primary destination for Italian exports
(over the first 11 months of 2009, the value of Italian machinery
exported to China totalled 215 million euros, or around 21% of its
total exports). Asia on the whole is a constant benchmark for our
manufacturers, absorbing 49% of their sales abroad.
It is estimated that for 2009 Italian exports of textile machinery
directed towards Asian markets achieved a value of 575 million euros.
Right behind China, as primary markets for Italy's textile machinery
industry, are India, Turkmenistan and Iran. Italian machinery most
in demand in Asia are spinning machines (making up 31% of the total),
followed by finishing machines(17%), accessories (17%), knitting
machines (14%) and weaving ones (11%). As always, and in partnership
with ICE, ACIMIT has supported Italy's presence at ITMA ASIA + CITME
with logistical and organizational assistance, as well as through
an advertising campaign on major textile publications in the area,
and publicity posters at the trade fair halls during the event.
Source: Association of Italian
Textile Machinery Manufacturers via CNTEX
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2010/03/05
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China enhances
industrial restructuring for balanced growth
 China intensified industrial
restructuring in 2009 in an effort to optimize economic structure
and lay a sound foundation for long-term development, Premier Wen
Jiabao said at the parliament's annual session Friday.The government
encouraged mergers and acquisitions in major sectors and announced
stimulus plans for 10 key industries last year, Wen said while delivering
the government work report at the Third Session of the 11th National
People's Congress, the country's top legislature.
The 10 key industries include auto, steel, shipbuilding, textile,
machinery manufacturing, electronics and information, light industry,
petrochemicals, non-ferrous metals and logistics.Twenty billion
yuan (2.93 billion U.S. dollars) of special fund was arranged for
4,441 technological transformation programs last year, Wen said.
A total of 151.2 billion yuan from the central budget, 30 percent
more than 2008, went to back technology progress.Meanwhile, the
premier noted that the government stepped up efforts to eliminate
backward production capacity and avoid redundant capacity expansion
in 2009. It also pushed forward energy conservation, emission cut
and environmental protection.
Source: Xinhua via CNTEX
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2010/03/03
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Chinese
Exporters Say Yuan Gain of Maximum 2.3% Is Bearable
Exporters at Shanghai's largest
international trade fair said they can bear yuan gains of little
more than 2 percent this year, putting pressure on the central bank
to limit appreciation sought by the U.S. and Europe. A one percentage
point gain in the yuan will lead to a one percentage point or more
drop in our profit margin, which is only 5 to 7 percent, said Huang
Yifan, president of J & F Garden & Gift Product Manufacturer
Co., which sells Mickey Mouse cups to Japan from the southeastern
province of Fujian. It shouldn't strengthen beyond 6.6 per dollar
this year.Persuading China to allow the yuan to climb this year
is one of U.S. President Barack Obama's stated goals and a group
of 15 senators last week called for stiffer tariffs on imports from
Asia's second-largest economy, saying an undervalued currency gives
Chinese exporters an unfair advantage.
China's government is carrying out stress tests to gauge the effect
appreciation would have on labor-intensive industries, the 21st
Century Business Herald, a Guangzhou-based newspaper, reported Feb.
26. The People's Bank of China has kept the yuan at about 6.83 versus
the greenback since July 2008, halting a 21 percent three-year advance
as a global recession battered exports. Most of China's foreign
trade is denominated in U.S. dollars.
Export Recovery
Overseas sales rose 21 percent in January from a year earlier after
climbing in December for the first time in 14 months. A full recovery
in China's foreign trade will take another two to three years, Yao
Jian, spokesman for the Ministry of Commerce, said Feb. 25. We aren't
optimistic about the domestic environment this year as the cost
of raw materials has jumped 30 percent for textile companies, said
Huang Jinlan, chairman of Jiangsu Guotai International Group Co.,
the third-biggest exporter in the eastern province of Jiangsu. Yuan
appreciation should not exceed 1.5 percent, he added. The yuan's
12-month non-deliverable forwards traded at 6.6468 per dollar as
of 11:30 a.m. in Hong Kong, from 6.6385 yesterday, according to
data compiled by Bloomberg. The contracts indicate bets the currency
will rise 2.9 percent in a year from the spot rate of 6.8283, having
predicted a gain of 0.5 percent six months ago. ...read
more
Source: Bloomberg via CNTEX
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2010/03/02
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Textile
and Apparel Export Recovery Seen in 2010
In the year 2009, China textile
industry reversed the downward trend and maintained rapid growth,
owing to the industrial upgrading and favorable policy incentives.
China's textile and garment exports registered positive growth in
Dec. 2009. It is the first positive growth since Apr. 2009.
According to China Customs, the exports value of China textile and
garment amounted to $17.2 billion in Dec. 2009, up 4.87 per cent
y/y.
Exports decline was less than national average
In the year 2009, there has already been a letup in the fast decline
of Chinese textile and garment exports, with the whole-year figures
standing at $171.3 billion, down 9.65% y/y. The decline in accumulated
textile and apparel exports was being constantly reduced and the
tendency of rebound is increasingly obvious. Exports decline of
China textile and apparel industry was 6.35% less than the country's
average.
Textile recovery was notable
The first chart here illustrates the change of accumulated export
value of China textile and apparel in 2009. As you can see from
the chart, textile export value totaled $64.2 billion in 2009, down
7.95 percent y/y, 2.71 percentage points lower than the decline
rate of Jan.-Nov. period; apparel export value totaled $107.0 billion
in 2009, down 10.63 percent y/y, 0.61 percentage points lower than
the decline rate of Jan.-Nov. period. Looking further into the export
price, the export price of China textile and apparel plummeted 2.24
percent in Dec. 2009 y/y, 0.06 percentage points lower than the
decline rate of Nov. figure. Of which, textile export price decreased
by 4.84 percent in Dec. 2009 y/y, 0.42 percentage points lower than
the decline rate of Nov. figure; apparel export price decreased
by 0.58 percent in Dec. 2009 y/y, 0.16 percentage points higher
than the decline rate of Nov. figure. ...read
more
Source: CTEI Exclusive
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2010/03/02
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Frbiz Forecasts
2010 China Textile Industry Exports Will Weakenn
Frbiz.com, one of China's leading
B2B search platforms, forecasts 2010 China textile industry exports
will weaken. Frbiz analyzes that, affected by the international
market's continued weak demand, 2009 China textile industry exports
appeared to decline. It is predicted that by 2010, the industry's
export growth will remain sluggish. According to statistics from
2009, China's textile and apparel exports amounted to 17 billion
U.S. dollars, year-on-year down 9.6 percent, during which the first
10 months of industry exports continued to hover around 11 percent.
Exports fell in November, but by the narrow margin of only 1.56
percentage points; the recovery rate was even slower.
Frbiz analyzes that the decline in exports was mainly concentrated
in small companies. In 2009 export delivery value fell 3.2 percent
for the big textile enterprises, a decline of more than 5.2 percent
compared with the last 1-2 months, while the small enterprise exports
fell by 22 percent, a decline of more than 8.6 percent compared
with the last 1-2 months. Despite declining exports, China's international
competitiveness in the textile industry still continues to strengthen,
and share continues to rise. According to relevant statistics, from
January to November in 2009, China's exports of textiles and apparel
and the U.S. share of total imports reached 40 percent, and compared
with same period last year increased 5 percent. In Japan, the share
of total imports reached 78.5 percent, which increased 1.77 percent
compared with the same period the prior year.Although the textile
industry demonstrates encouraging progress, because of international
market demand, the pace of recovery in 2010 for China's textile
industry is still limited.
Source: Frbiz.com via CNTEX
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2010/01/22
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China
Said to Run Currency Stress Tests for Exporters
Conducting stress tests in the country's
labor-intensive export sectors to see how much appreciation in the
renminbi the firms can withstand, Reuters reported, citing an article
in the Chinese daily 21st Century Business Herald. The newspaper
cited industry sources as saying that the results of the test, conducted
jointly by the Ministry of Commerce and the Ministry of Industry
and Information Technology, would serve as a reference for the government's
future renminbi policy, the news service said.
Unlike China Daily, 21st Century Business Herald is not an official
state mouthpiece run by the Chinese government. Sources told the
newspaper that these tests did not mean that Beijing was about to
let the national currency appreciate, Reuters reported. The tests
were focused on the textile, clothing, footwear and toy sectors.
The newspaper said that many firms, with profit margins of between
3 percent and 5 percent, would see that margin decline in direct
proportion to the rise of the renminbi with larger firms able to
resist better.
Source: NY Times via CNTEX
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2010/03/02
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Economists
say China may "adjust" monetary stimulus
Chinese economists are speculating
that the government will rein in some of its expansive monetary
policies this year. "Stimulus policies have done much in the
crisis, but it is time to consider when and how to withdraw them,"
said Qin Xiao, chairman of China Merchants Bank Co., Ltd., the country's
sixth largest commercial bank. Overcapacity in the steel industry
and redundant infrastructure construction caused by too much lending
could lead to high inflation, he said. Chinese banks lent an unprecedented
9.6 trillion yuan (1.4 trillion U.S. dollars) in 2009, almost double
that of 2008, and almost half the 2009 gross domestic product, according
to People's Bank of China, the central bank. To cool bank lending,
the government began tightening the credit market by raising the
capital adequacy ratio, provision coverage ratio, deposit-loan ratio
and reserve ratio in the second half of last year.
China Banking Regulatory Commission chairman Liu Mingkang said
the government planned to restrict credit supply to 7.5 trillion
yuan in 2010. Controlling real estate bubbles also required adjustment
in monetary policies, said Lu Feng, vice director of China Center
for Economic Research, Peking University. According to the National
Bureau of Statisticis, average house prices in China's 70 largest
cities in January rose 9.5 percent year on year, the highest in
13 months. On Monday, banks in Beijing raised down-payments of house
loans from 20 percent to 40 percent of the house price, aiming to
slow mortgage lending. Since late 2009, other methods such as penalizing
holders of undeveloped land and building affordable homes were taken
to curb soaring home prices. Premier Wen Jiabao said in a recent
interview with Xinhua that the government was confident of keeping
home prices within a reasonable range. However, the government was
not bringing an abrupt change to the stimulus policies, said Ba
Shusong, a researcher with the Development Research Center of the
State Council.
For instance, when the central bank raised the reserve ratio in
January, the ratio for small financial insititutions, such as rural
credit cooperatives, remained unchanged, Ba said. In addition, stimulus
plans for new high-tech companies, such as subsidies and tax breaks,
would continue, said Finance Minister Xie Xuren in the Central Economic
Work Conference held last month. "The economy will step into
a new crisis if the government withdraws stimulus plans too soon."
said Liu Yuhui, director of the China Economy Appraisal and Rating
Center, Chinese Academy of Social Sciences. "Whether China's
economy can recover from the crisis depends on the government's
ability to balance monetary policies between stimulus and steadiness,"
Liu said.
Source: Xinhua via CNTEX
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2010/03/02
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China
to develop low-carbon economy
China's top economic planning body
has confirmed the government will take concrete actions to develop
a low-carbon economy after it pledged to substantially reduce carbon
intensity at last year's Copenhagen Conference. China would include
the low-carbon targets in the 12th five-year plan for national economic
development (2011-2015) to build an energy-saving, ecologically
friendly society, the National Development and Reform Commission
said in a report to the Standing Committee of the 11th National
People's Congress (NPC). The report said the government would launch
a series of technological and fiscal support policies to promote
the use of non-fossil, renewable energies including wind, solar,
biomass, geothermal and nuclear power, aiming to increase its proportion
of primary energy consumption to about 15 percent by 2020 from 9.9
percent at the end of last year. China's installed wind power capacity
reached 15 million kilowatts, with 10 million kilowatts under construction
at the end of June 2009, while nuclear power under construction,
installed hydro-electric power capacity and solar heating collection
areas were the highest in the world, it said. The commission was
also planning to compile an emissions inventory of greenhouse gases
in an effort to build a monitoring and checking system to cut carbon
emissions.
The economic planner decided to curb redundant construction and
industries with surplus production capacities, such as steel, cement
and electrolytic aluminum, to promote the energy efficiency and
environmental protection. Another NDRC report on the transformation
of the economic development pattern delivered to the standing committee
called for optimizing the financial expenditure structure to increase
input in public welfare and step up efforts to expand the social
security coverage. The government had drafted a plan on regional
development to transfer industries in affluent eastern areas to
central and western regions. The commission said in a report that
China would maintain a proper lending scale under the guidance of
the Central Bank to avoid credit fluctuations and establish 1,300
rural financial institutions to encourage lending in rural areas.
The State Council announced in November that China would reduce
the intensity of carbon dioxide emissions per unit of GDP in 2020
by 40 to 45 percent compared with the level of 2005.
Source: Xinhua via CNTEX
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2010/02/28
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China
2009 cotton output down 14.6 pct at 6.4 mln T
- China produced 6.4 mln T of cotton in 2009, down 14.6 pct
- In line with estimates of National Bureau of Statistics
- Lower output could lead to more foreign imports (Adds more details)
China, the world's largest cotton
consumer, produced 6.4 million tonnes of cotton in 2009, down 14.6
percent from 2008, National Bureau of Statistics figures showed
on Thursday. The figure was in line with earlier estimates by the
bureau, but lower than the agricultural ministry's forecast of 6.7
million tonnes.[ID:nTOE5BM034]
Lower domestic output could prompt China, the world's largest cotton
importer, to buy more from abroad to meet demand from its textile
industry, with exports seen improving this year. China's cotton
imports in January rose 286.4 percent from a year ago to more than
301,359 tonnes. January imports were also up 39 percent from December
when Beijing completed sales of domestic stocks. Transport problems
have blocked supplies from the country's largest cotton area of
Xinjiang, triggering tight supplies. In January, imports from India
surged 2,866 percent from a year ago to 171,998 tonnes while imports
from the United States, the largest exporter, fell 15 percent on
year. (For details, search on SOF/CN). China's exports of textile
products and garments in January rose 2.3 percent from a year ago,
official figures showed.
Source: Reuters via CNTEX
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2010/01/28
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China
Textile Industry Report 2009/10 - 2010 Outlook
Domestic markets boom continues
In Oct., 2009, the IMF increased its 2010 forecast for China's GDP.
In July it forecast China's economy would grow 8.5% next year. In
the latest GDP forecast, China will grow 9% in 2010. The World Bank
in Nov. also raised its forecasts for Chinese growth this year and
projected a slightly faster pace of expansion in 2010. Gross domestic
product would increase 8.4% this year and 8.7% in 2010 on the back
of massive fiscal and monetary stimulus, the bank said. China's
consumer confidence index (CCI) rose to 103.9 in the fourth quarter
last year, up 3.1 percentage points from the previous quarter, said
a report released on Jan. 26 by the China Economic Monitoring &
Analysis Center under the National Bureau of Statistics. Textile
industry analysts generally agree that, 2010 growth rate of textile
and garment industry in domestic market is likely to reach 20-25
percent compared with 2009.
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Organization
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Release Date
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China Groth (%)
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2009
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2010
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IMF
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Jul. 2009
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7.5
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8.5
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IMF
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Oct. 2009
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8.5
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9.0
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World Bank
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Jun. 2009
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7.2
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7.7
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World Bank
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Nov. 2009
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8.4
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8.7
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China's economy shot back to nearly
double-digit growth in 2009 after nearly standing still at the end
of 2008. "In 2010, active fiscal policies will continue, and
this means we cannot weaken the intensity of fiscal support for
economic development, avoiding the losses to our achievements that
would come from an excessively early exit." Chinese Finance
Minister Xie Xuren made the comments at a policy-setting meeting
in Jan. Xie said that efforts to expand domestic demand would include
policies to raise incomes, especially for poorly paid workers and
farmers; continued spending on public works, including schools and
hospitals; and taxation changes. ...read
more
Source: CTEI Exclusive
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2010/01/22
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China
Textile Industry Report 2009/10 - 2009 Review
Textile industry signaled
recovery
"Revitalization Plans for the Textile Industry" was passed
in early 2009. One year after China launched the stimulus package
and regained economic growth momentum, the textile industry has
overcome serious difficulties and has made new developments.
Domestic markets returned to the spotlight
In 2009, many Chinese textile and garment enterprises have felt
the chill and turned their eyes away from European and American
markets and focused back on the domestic market. From Jan. to Nov.,
domestic sales of statistics-worthy Chinese textile enterprises
edged up 14.05 percent y/y to CNY2674.033 billion, accounting for
79.89 percent of the total. It is important to note that garment
sales in the domestic markets have jumped by more than 21.77% y/y.
Besides, construction and auto fields are new growth points for
nonwovens. Data shows that sales of textile belt and curtain fabric
in the domestic markets were up 25.16 percent y/y.
Manufacturing and sales rebounded
Manufacturing and sales of China textile industry rebounded in 2009.
Looking further, the total industrial production value of 52963
statistics-worthy Chinese textile enterprises increased 9.71 percent
y/y to CNY3426.804 billion in Jan-Nov. 2009, 4.62% higher than the
growth rate of the Jan.-Feb. 2009 period; The sales value were CNY
3347.067 billion in Jan-Nov. 2009, 9.82% year on year, 6.69% higher
than the growth rate of the Jan.-Feb. 2009 period. ...read
more
Source: CTEI NEWS
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