CTEI News: According to Shaoxing Customs, the export of textile & clothes reached 1.07 billion USD from Jan. to Feb. in this city, up 74.9% from same period last year. Of which, the export of textile was 1.01 billion USD, up 76.8%; clothse 60 million USD, up 48.4%. The growth trend is encouraging. The export growth rate in Shaoxing is faster than the average rate in the whole country. This connects to the industry upgrading of this city. Shaoxing released its Invigorating Plan for Textile Cluster last year, and constructed its goals as textile manufactuering center, trade center and innovation center. With all the favorable policies and support, this industry kept its steps in the upgrading and turned the export to positive growth since last Nov. ��Although the export is recovering, we need to know that the overall recovery of textile industry is not clear. This industry is still suffering from labor shortage and order losses, as well as the raw material price raise, production cost increase and RMB appreciation. All those factors could influcence the export for this year.��Some insider said. |
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