Clothing exports continued to fall sharply in May.

China's General Administration of Customs released data on national goods trade for May 2020 on June 7, 2020. In the first five months, the total value of goods trade imports and exports reached 11.5 trillion yuan, a decrease of 4.9% year-on-year (the same below). Exports totaled 6.2 trillion yuan, down 4.7%, and imports reached 5.3 trillion yuan, down 5.2%. In May, foreign trade imports and exports totaled 2.5 trillion yuan, down 4.9%, with exports reaching 1.46 trillion yuan, up 1.4%, a decrease of 6.8 percentage points from the previous month; imports totaled 1 trillion yuan, down 12.7%.
In May, overall exports of textiles and clothing rose rapidly, with the gap between textiles and clothing widening further: textile exports continued to grow strongly driven by epidemic prevention materials, while clothing exports continued to decline.
Textile and clothing exports in RMB:
From January to May 2020, the cumulative export of textiles and clothing reached 674.47 billion yuan, an increase of 2.2%, of which textile exports reached 406.66 billion yuan, an increase of 25.5%, and clothing exports reached 267.81 billion yuan, a decrease of 20.3%.
In May, textile and clothing exports reached 208.14 billion yuan, an increase of 30.1%, of which textile exports reached 145.42 billion yuan, an increase of 86.1%, and clothing exports reached 62.72 billion yuan, a decrease of 23.3%.
Textile and clothing exports in USD:
From January to May 2020, the cumulative export of textiles and clothing reached US$96.16 billion, down 1.2% (national goods trade exports decreased by 7.7%), of which textile exports reached US$57.95 billion, up 21.3%, and clothing exports reached US$38.21 billion, down 22.8%.
In May, textile and clothing exports reached US$29.56 billion, up 26.7% (national goods trade exports decreased by 3.3%), of which textile exports reached US$20.65 billion, up 79.1%, and clothing exports reached US$8.91 billion, down 24.5%

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Major economic indicators in the textile machinery industry fell sharply in the first quarter.

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Bangladesh garment exports fell sharply in April

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

Tongzhou Cotton Market Brief, Week 1 of March 2025

1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.

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President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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