Textile business climate index and business confidence indices up 38.69 percent and 19.76 percent
Source: www.ccfgroup.com Date: 2009-04-28
Caihong Zhuang (Rainbow Village) in Binhai Industrial Zone, Shaoxing County has kept its operation for 24 hours from the beginning of March this year, it will also launch a new line soon, as its production orders have been booked up through the end of May.
Previously exports accounted for 65 percent of its production, but after the breakout of the financial crisis, export market has shrunk, the company once limited production, but then it quickly adjusted its product mix, and vigorously developed domestic market, now it has realizing 50 percent production for exports and 50 percent for domestic market. Currently its five printing production lines are operating in full capacity.
Director Zhou Rusheng of Construction Management Committee of China Textile City said," The market continues to maintain a higher operation rate, the number of new companies is increasing. The number increased 878 in the first quarter, domestic trade growth is obvious compared with foreign trade."
China Textile City is seen as weather vane of China's textile sector, in the first quarter of this year, total turnover of China Textile City reached 15.325 billion Yuan, a year-on-year increase of 5 percent. The latest "China's Keqiao textile index" also showed that business climate index and business confidence indices rose 38.69 percent and 19.76 percent, respectively, over the fourth quarter of last year.
In addition to the textile industry in Shaoxing, economy of Yiwu and Wenzhou, the other two most typical regions in Zhejiang, has also sent warmer signal. The latest data showed that Yiwu market turnover recorded 11.306 billion Yuan in the first quarter of this year, a year-on-year increase of 14.17 percent, overall market improved. 70 percent of the enterprises with over billions of sales output value in Wenzhou received production orders flat with or 10 percent higher than the same time last year.
