Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Chinese leadership
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:24, May 10, 2005
Chinese textile export, no disturbance to markets of other countries
font size    

The Chinese textile industry witnessed a continuous rise in the first quarter of the year, said Sun Huaibin, spokesman of the Chinese Textile Industry Association the other day. In the meantime he also made an emphatic stress by saying that the Chinese textile clothing goods did not incur any disturbance to the markets of other countries while increasing its export.

An obvious downturn in increase rate of textile goods export
As learned, the first quarter of the year saw a stable and smooth increase in the export of the Chinese textile goods yet with the increase rate indicating an obvious downturn. The export of the textile clothing goods registered a value of USD 22.910 billion, a corresponding rise of 18.99 percent, a downturn of 5.95 percentage points as against that in the same period of last year. Among them, the export to the US and the EU formerly with export quota restricted told a rise of 56.07 percent, an increase rate of 31.16 percentage points while to the areas formerly non-restricted that took up two thirds of the export proportion it saw an increase only of 5.06 percent as affected by the factors such as levying the export duties and reduction of transit trade, with the increase rate to see a downturn of 20 percentage points, causing a big downturn in the increase rate of textile clothing export in the first quarter of the year.

Why was there an export increase to the US and the EU, formerly with export quota restrictions? Sun Huaibin explained, it is because that the quota for some sensitive products was called off. Especially in some areas formerly with restrictions they failed to cancel step by step the quota limitation but instead cancelled it all at once when the time was nearing to the end for the cancellation and therefore, the debut of the explosive effect. Sun Huaibin is of opinion that the EU and the US's setting a limit on the export of the Chinese textile clothing goods simply because of its large amount and low price goes against the rules and regulations of the WTO agreement in line with which the limit is going to be introduced for protection on the prerequisite that it has disturbed the market order. Therefore, the limit as set by them means a wanton trample on the WTO trade rules, a historical fallback.

Chinese product hasn't taken others' market share
The Chinese product hasn't constituted any disturbance in the EU and US markets, analyzed Sun Huaibin. Take cotton-textile underwear for example, the export only witnessed an overall increase of 17 percent. According to the statistic data by the US customs, though the export to the US saw a rise of 308 percent, the volume came only to some 50 percent of the similar product from Honduras to the US. In view of the fact the Chinese textile goods haven't occupied other's market shares. With regard to the price, the overall index of the export price told an average rise of 6.50 percent in the first quarter of the year, in which it witnessed a rise of 7.94 percent for the EU market and a fall of 13.74 percent for the US market. The variation in export price was incurred by the difference of the original quotation structure as to these products in the US and EU markets. It's a necessary outcome of the free trade after the quota cancellation for the textile clothing goods. Moreover, this hasn't constituted any real disturbance in the EU and US markets.

Domestic needs became the major motive force of the trade growth
As introduced, the first quarter of the year saw an overall smooth operation of the trade in which the increase in domestic sales exceeded that for export and the domestic needs became the major driving force for the growth of the trade.

According to the statistics, the moderate smooth yet quicker growth of the overall trade manifested in: first, the sales revenue witnessed an increase of 27.55 percent as against the same period of last year, an increase rate of 96.92 percent in production and distribution, which was a rise of 0.84 percentage point over that before. Secondly, the industry added value saw an increase of 17.61 percent in which, except the slowdown of the chemical fiber products the output of yarn, cloth and clothing all witnessed an increase of some 20 �C 22 percent, a quicker growth than last year.

When analyzing the reason for the growth of the textile trade, Sun Huaibin made a special explanation by saying that pulled by the 9.5 percent strong growth in national economy in the first quarter of the year, the domestic sales of sizable textile enterprises realized an increase of 28.04 percent, an increase rate of 6.14 percentage points over that for export, indicating that the domestic needs constituted the major motive force for the economic growth of the trade.

By People's Daily Online


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- China Forum
- PD Newsletter
- People's Comment
- Most Popular
 Related News
- Textile: no higher duties, more disciplines

- China opposes CE inspection for special restriction of Chinese textiles

- No need for curbs over Chinese textile exports, Supachai

- China to assure Europe on textile exports

- China reports rising export of textiles

- China probes into first textile export tax fraud

Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved