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Textile and Apparel Exports Have Been Shrinking

Textile and Apparel Exports Have Been Shrinking

The customs general administration released figures showing, this year 1-in May, China's textile and apparel exports total 88.835 billion us dollars, up 26.55%. From the sales amount look, textile and apparel exports appeared some atrophy symptom. From the month of may, textile and apparel exports 20.338 billion us dollars, up 23.77%, the rate of growth of 33.53% compared to the same period last year, a drop of 9.76% in the first four months rate slowed sharply.

Annulus comparing data to see from in May, textile and apparel exports $20.338 billion, a month-on-month rose by only 2.33% in April. In addition to export situation is not optimistic, and the domestic consumption is not temperature is not fire and textile clothing industry facing huge pressure, small and medium-sized enterprise effects of restricting output production phenomenon also is very common.