Export of Textile Products of Jiangxi in the First 6 Months Increasing by 19.84% Year on Year
Source: Special Commissioner's Office in Shanghai Date: 2006-08-17
According to statistics, total import and export of textile and garment of Jiangxi in the first 6 months amounted to US$449 million, of which export was US$415 million, up by 19.84% on a year-on-year basis, ranking No.16 nationwide and No.3 in central China, and having the following characteristics:
1, Structure of export enterprises changed remarkably, foreign investment and private enterprises became the main force of export of textile and garment of Jiangxi, accounting for 66.6% of total export of such products in the Province.
2, Export to markets other than US and Europe increased with a high speed, especially to Hong Kong market recovered to grow with a year-on-year increase of 15.13%. Owning to restrictions of the US and Europe on 21 categories of Chinese goods and Jiangxi's encouraging policy on quota-free markets, many local enterprises transferred their business to quota-free markets, and Jiangxi's export to Asia went up by 40.96%, accounting for 53.84% of its total, and to Africa increased by 47.04%.
3, Export to US and European market increased by a big margin compared with the same period last year. Importers of the US and Europe transferred most of their orders to Northeast Asian countries without quota restriction.
4, Appreciation of Renminbi, lagging of tax rebate and price increase of raw material of textile brought outstanding difficulties to enterprises, which was still the barrier affecting the rapid growth of export of textile in Jiangxi.
