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China to Dominate International Apparel & Textile Exports in 2009
The low cost production base, favorable policy framework, government support and financial incentives have given an edge to Chinese apparel and textile industry, boosting its overall exports.
NEW DELHI, INDIA, January 15, 2009 /Apparel - Textile PR News/ -- According to our new report "China Apparel Industry - New Opportunities for Growth", the apparel and textile industry will continue to be an integral part of Chinese economy and trade. Despite the global financial turmoil of 2008, Chinese apparel and textile exports will see a positive growth. Although the growth will decline by certain percentage points, Chinese exports will continue to dominate the international trade. Although the export growth may slowdown in coming years but the country will remain the undisputed leader in international market.
According to the report, China exported US$ 118.94 Billion worth of textile and garment in the first eight months of 2008. The exports increase by 9.15% year on year but the growth showed signs of slowing down. Of the total exports, textile product exports closed at US$ 43.915 Billion, up 22.4%, which was nine percentage points higher than the same period last year, and export of garment, US$ 75.025 Billion, up 2.6%.
The economic growth coupled with government commitment towards industrial development and strengthening of manufacturing sector has provided the requisite platform for the development of this industry. Presence of skilled and cheap manpower, strong production line, and favorable policy framework has given competitive edge to this industry. The availability of low cost production facilities has resulted in a phenomenal bottom-line and top line growth of the apparel and textile industry in recent years.
"China Apparel Industry - New Opportunities for Growth" is an extensive research on the apparel and textile industry in China. This research report provides a detailed overview of the industry in China with qualitative and qualitative analysis of the industry. It also underlines the factors responsible for the growth of the industry, and opportunities and challenges for the industry. It takes into account all the macro- and microeconomic factors and the past and current market trends while analyzing the industry performance.
This report provides the segment-wise analysis, latest market trends, and emerging areas in future. The extent of the information covered in the report will help the clients in understanding the market dynamics and landscape.
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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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