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Tuesday, 30 July 2019 12:16

China textile and garment exports down two per cent

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China’s textile and garment exports fell 2.37 per cent in January to June 2019 over the same period last year. Though textile exports were up 0.66 per cent, garment exports fell 4.93 per cent. From January to June, exports of yarns, fabric and related products from China saw a year on year growth of 0.7 per cent. And exports of garment and accessories were down 4.9 per cent year on year.

In June China's textile exports were down 3.24 per cent year on year. And garment exports declined 2.73 per cent. Since May 10, the United States has officially imposed additional tariffs on Chinese products, including textile yarns, fabrics, knitting, industrial finished products and some home textiles. It has brought some pressure on China’s exports to the United States. But both have agreed to restart economic and trade consultations on the basis of equality and mutual respect. They also agreed that the US will not add new tariffs on Chinese exports. Garments and most home textiles that have the largest proportion of exports to the US will not be affected by the increase of tariffs, which will help stabilize the confidence of US buyers in continually purchasing from China and release positive signals.