Economic operation of the clothing industry from January to October 2021

In October, as sporadic domestic outbreaks and temporary constraints such as energy shortages in some regions eased, and driven by the recovery and improvement of domestic and international market demand, China's apparel industry maintained a steady recovery trend thanks to its complete industrial system and strong supply capacity. Production and efficiency showed positive changes, and the two-year average growth rate of both domestic sales and exports accelerated significantly. However, the development situation facing the apparel industry is complex, with unstable and uncertain factors intertwined, and maintaining stable and healthy operation throughout the year still faces many challenges.
 
　　Production Continues Recovery Trend
 
　　In October, driven by increased seasonal demand, preparations for e-commerce promotions and the overseas Christmas season, the growth rate of apparel production accelerated compared to the previous month, and the overall recovery trend continued. According to the National Bureau of Statistics, in October, the industrial added value of large-scale enterprises in China's apparel industry increased by 8.2% year-on-year, 3 percentage points faster than the previous month; from January to October, the industrial added value of large-scale enterprises in the apparel industry increased by 9.1% year-on-year, 19.1 percentage points higher than the same period last year, with a two-year average decrease of 0.9% (based on the corresponding period in 2019, calculated using the geometric average method, the same below), a decrease of 0.3 percentage points compared to January-September; large-scale enterprises completed an apparel output of 19.125 billion pieces, an increase of 8.88% year-on-year, 17.26 percentage points higher than the same period last year, with a two-year average decrease of 0.1%, a decrease of 1 percentage point compared to January-September.
 
　　Domestic Market Shows Steady Improvement
 
　　Although sporadic domestic outbreaks of COVID-19 had some impact on the consumer market in some regions, driven by holiday consumption and the advancement of online shopping promotions, the year-on-year decline in retail sales of clothing products by above-scale units continued to narrow, online shopping maintained rapid growth, and the domestic apparel market showed steady improvement. According to the National Bureau of Statistics, from January to October 2021, the cumulative retail sales of clothing products by above-scale units in China reached 782.38 billion yuan, an increase of 19.3% year-on-year, a two-year average increase of 2.9%, 0.2 percentage points faster than January-September; in October, the year-on-year decline in retail sales of clothing products by above-scale units was 2.8%, a decrease of 1.9 percentage points compared to the previous month. During the same period, online retail sales of clothing products increased by 14.1% year-on-year, 8.5 percentage points higher than the same period last year, with a two-year average increase of 9.7%, 0.4 percentage points faster than January-September.
 
　　Exports Maintain Rapid Growth
 
　　In October, driven by increased international market demand and preparations for Christmas promotions, the growth rate of China's apparel exports accelerated significantly, with a month-on-month increase of 14.8 percentage points. According to data from the General Administration of Customs of China, from January to October 2021, China's cumulative exports of apparel and clothing accessories reached US$138.85 billion, an increase of 25.2% year-on-year, a two-year average increase of 7.0%, 1.0 percentage points faster than January-September. Among them, exports of knitted apparel and clothing accessories maintained rapid growth, with exports reaching US$70.074 billion, an increase of 40.27% year-on-year, a two-year average increase of 8.4%; exports of woven apparel and clothing accessories steadily recovered, with exports reaching US$56.918 billion, an increase of 10.44% year-on-year, a two-year average increase of 1.54%.

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Mr. Wei Gangmin, Chairman of our company, was invited to attend the 2023 China Cotton Textile Industry Chain Summit Forum

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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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