Textile sector sees fundamental transformation inChina
Fundamentalchanges are being witnessed in the Chinese textiles and apparel sector thatincludes an intense transformation in manufacturing, a bleak picture oftraditional clothing production, more rational consumer behaviour, closure ofseveral brick-and-mortar stores and government focus on enforcement of waterprotection legislation
Over 80% textile investment abroad in BRI region
Countries andregions along China's Belt and Road Initiative (BRI) have received over 80 percent of its overseas investment in the textile sector in the last five years,according to the China National Textile and Apparel Council (CNTAC). CNTAC willfacilitate international textile production capacity partnership, especiallydevelopment of overseas cooperation zones. Industrial data showed that China'stextiles and apparel export to the BRI region continued to grow in 2018, up 5.3per cent year on year.
China's retail sales of consumers goods up 8.2%
Garment industry reports lower revenue
China to contribute 40% of world luxury spending
China to boost textile-apparel ties with Mekongnations
China to allow overseas traders for cotton futures
Guidelines issued for high-quality trade development
Chinese consumers are more digital than westerners
China to boost border trade
China will adopta slew of measures to stabilise border trade, the commerce ministry hasannounced. The measures to be adopted include value-added tax exemption policyand simplified declaration process for small-scale border trade exports atpilot areas, and properly increasing amounts of local government bonds inborder areas, to support infrastructure construction in border economiccooperation zones and key development and opening-up pilot zones.
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