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China's textile, garment wholesale markets maintain stable growth

According to the data recently released by Raw Material Association of CNTAC about the operation of textile and garment wholesale markets in the first half of this year, January - June, the gross turnover of 46 main wholesale markets monitored by the association was CNY 478.81 billion. Among them, the gross turnover of 41 comparable sample markets reached CNY 451.38 billion, seeing year-on-year rises of 5.16 per cent. There into, 25 markets' turnovers saw year-on-year growth, with an average increase of 8.44 per cent, 13 markets' turnover fell year-on-year, with an average decline of 14.07 per cent 3 markets' turnover kept unchanged with the same period last year.

According to the data, in recent years, the sales model of markets close to production areas has transformed from large-quantity wholesale into small-lot and multi-batch wholesale, the time-to-market speed has accelerated, thereby raising the industry chain's efficiency; in the first half of 2017, the turnover of the monitored markets achieved CNY 379.31 billion, edged up 7.76 per centage year-on-year, keeping a growth rate above 7 percentage points in three straight years. These markets have maintained a higher growth momentum.

By the number of new markets, 34 new markets were added in the first half of 2013, 31 in the first half of 2014, 20 in the first half of 2015, 22 in the first half of 2016 and 16 in the first half of 2017. From the last five years' data, the number of new market reduced significantly. The investment overheat in the past few years is cooling down and the number of newly-commenced and newly-opened markets is back to a rational range.