In November, the decline in domestic sales of clothing in China was significant.
Fluctuation in China's clothing retail in November, expecting subsequent stabilization and recovery: Affected by epidemic control measures, the consumer market in November was significantly under pressure, with a widening decline in market sales. In November, total retail sales of consumer goods fell by 5.9% year-on-year, and by 0.1% year-on-year from January to November. Clothing retail sales in November fell by 15.6% year-on-year, and by 5.8% year-on-year from January to November.
The "New Ten Measures" continue to make marginal optimizations to quarantine methods and nucleic acid testing, relaxing requirements for routine nucleic acid testing checks and continuing to relax policies for cross-provincial and municipal population movement. This will drive a warming of the offline retail environment and boost passenger traffic to offline clothing stores. The comprehensive improvement of the domestic demand strategy encourages investment and expansion of consumption scale, promoting offline clothing consumption while encouraging enterprises to strengthen online channel construction. This is expected to improve clothing retail sales through the promotion of omnichannel construction. As the "New Ten Measures" continue to optimize epidemic prevention policies and the domestic demand strategy continues to promote the improvement of consumption scale, textile and clothing-related consumption will receive comprehensive promotion.
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.
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.
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.
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.
Henan Tongzhou Cotton Industry Co., Ltd.
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Henan Tongzhou Cotton Industry Co., Ltd.
Address: 10th Floor, Henan Nongxin Building, No. 19 Commercial Outer Ring Road, Zhengdong New District,Zhengzhou, China
Tel：86037165836206
Email：tongzhou@tongzhoucotton.com
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