In 2023, China saw its textile exports fall by 8.1% and its clothing exports by 2.9%. But the first seven months of 2024 show a return to equilibrium, with a 1.12% rise in exports of textiles, clothing and accessories. China exported goods worth $169.8 billion in these three categories over …
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Chinese textile industry profit falls by 20.3% Year On Year in January – July 2023 Insights: Chinese textile industry profit falls by 20.3% The total profits of industrial enterprises in China above the designated size reached 3,943.98 billion yuan between January and July this year – down by 15.5 percent …
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The textile industry in India has beaten its Chinese counterpart in its own game. India’s textile industry has developed the fabric of Mink blankets, which were 100% imported from China till last year. Now, some units have started producing Mink blankets on a massive scale near Panipat in Haryana, bringing …
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India, the leading producer of cotton is yet to truly capitalize on this resource, according to the Hong Kong Trade Development Council (HKTDC), which feels despite India being the largest supplier of cotton fibre and yarn to China, it loses out economically as a kilogram of yarn processed and sold …
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