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The development of international market continued to increase the foreign trade prices sales.
2019-10-08

The foreign trade prosperity index “China • Keqiao Textile Index” of September closed at 754.29 points, increased by 3.26% MOM, 8.58% up from the beginning of this year, decreased by 1.23%YOY; Foreign trade index closed at 167.65 points, increased by 2.08% MOM, 6.80% up from the beginning of this year, increased by 2.11%YOY. Foreign trade confidence index closed at 1214.80 points, increased by 6.07% MOM. 

The China-US trade talks are still under way, but the two sides are not far from reaching a consensus to stop imposing new tariffs and maintain the current tariffs. The two governments have stated that they will promote the return of bilateral economic and trade relations to the normal track as soon as possible. In the course of future negotiations, the two sides will work together. Bring negotiation to the ground, achieve win-win situation. The transformation and upgrading of export textile enterprises has been further accelerated. Also the Belt and Road helps the development of foreign trade, which pulled up the foreign trade prosperity index and foreign trade index.
 
Expended the foreign market pulled up the foreign trade prosperity index.
In September, the foreign trade prosperity index increased. The foreign trade prosperity index of chemical filament fabric increased 6.80%, which pulled up the foreign trade prosperity index.  
1.       To determine further measures to stabilize foreign trade. The driving force of China's textile and clothing industry to promote the globalization strategy is to search for global value chain depressions and adapt to changes in international market order demand. The relevant models mainly include overseas investment in factories, search for strategic partners, opening branches to achieve product display and overseas orders, and accelerating overseas warehouse construction. They gradually appear as organizers and managers in the global production supply chain.
2.       China textile exhibitor group attended the New York Show. The 29th East China Fair, which opened in Shanghai on March 1st, announced that China's textile and clothing imports and exports have continued to grow steadily, and the international competitive advantages of upstream products have become prominent. The China Fair, which is known as the "New Year's First Exhibition" of Chinese foreign trade, is the largest regional foreign trade exhibition in China. This year, more than 4,000 enterprises participated in the China Fair, including more than 3,500 domestic export enterprises. Clothing and textile fabrics are the two major export commodities highlighted in East China Fair.
3.       Expended the oversea market. The textile and clothing industry has experienced upstream product export growth and downstream product export slowdown. On the one hand, it is due to the shift in China's garment manufacturing industry, which has led to a slowdown in related exports. On the other hand, the reason is that the related industrial chains in neighboring low-cost garment producing countries are incomplete and the demand for Chinese yarn and fabrics has increased. Exports of yarn and fabrics from China to Vietnam and Bangladesh have grown, while exports of textiles and clothing to ASEAN have grown at the fastest rate among major markets, demonstrating that ASEAN is becoming an important destination for the Chinese garment industry. China's textile and apparel exports to the three traditional markets of the European Union, the United States and Japan have all continued to grow, and exports to the Belt and Road markets have continued to grow.
4.       Promotion of “Belt &Road” Keqiao.
 
The prices of creative products increased in foreign trade.
In September, the foreign trade price index showed an upward trend. Among them, the price index of chemical filament fabrics increased by 3.59%; Curtain foreign trade price index increased by 2.91 %; which pulled the foreign trade price index up.
1.       Orders of East-southern Asian increased.
2.       Seize the opportunity of information technology and prove the exchange of energies.
3.       Osaka summit released the trade frictions between China and US.
 
Forecast of foreign trade index in the next period.
For the export situation in October 2019, off-season of traditional market will increase the export orders of textile. Export orders increased obviously. Also the “belt & road” will benefit Chinese enterprises. It is expected that the export of textile and apparel will be increased.
 
Issuing Unit: the Ministry of Commerce of the People's Republic of China
Construction Unit: China Textile City Construction Management Committee
"China • Keqiao Textile Index" Construction Office
Chinese Website: http://www.kqindex.gov.cn/
English Website: http://en.kqindex.gov.cn/
Tel: 0575-84125158 Contact People: Wei Yinan
Fax: 0575-84785651
 
 
 

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