Clothing exports continued to decline in the first half of 2020.

The General Administration of Customs of China released data on national goods trade for the first half of 2020 on July 14, 2020. In the first half of the year, the total value of goods trade imports and exports was 14.2 trillion yuan, down 3.2% year-on-year (the same below), of which exports were 7.7 trillion yuan, down 3%, and imports were 6.5 trillion yuan, down 3.3%. In June, foreign trade imports and exports totaled 2.7 trillion yuan, an increase of 5.1%, of which exports were 1.5 trillion yuan, an increase of 4.3%, and imports were 1.2 trillion yuan, an increase of 6.2%.
In the first half of the year, the cumulative export of textiles and garments achieved growth, which was better than the overall situation of national goods trade and exceeded expectations. This was mainly due to the rapid growth in textile exports driven by epidemic prevention materials. Affected by the decrease in external demand, clothing exports continued to decline, but the decline in June was significantly narrowed compared with April and May, showing signs of recovery.
Textile and Garment Exports in RMB:
From January to June 2020, the cumulative export of textiles and garments reached 880.07 billion yuan, an increase of 6.7%, of which textile exports were 521.06 billion yuan, an increase of 32.4%, and clothing exports were 359.01 billion yuan, a decrease of 16.7%. In June, textile and garment exports totaled 205.65 billion yuan, an increase of 22.2%, of which textile exports were 114.43 billion yuan, an increase of 62.7%, and clothing exports were 91.22 billion yuan, a decrease of 6.9%.
Textile and Garment Exports in USD:
From January to June 2020, the cumulative export of textiles and garments reached 125.18 billion USD, an increase of 3.1% (national goods trade exports decreased by 6.2%), of which textile exports were 74.1 billion USD, an increase of 27.8%, and clothing exports were 51.08 billion USD, a decrease of 19.4%.
In June, textile and garment exports totaled 29.03 billion USD, an increase of 17.8% (national goods trade exports increased by 0.5%), of which textile exports were 16.16 billion USD, an increase of 56.7%, and clothing exports were 12.87 billion USD, a decrease of 10.3%

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China's home textile imports and exports both fell by more than 30%

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Brief Report on the Economic Operation of China's Clothing Industry from January to May

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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