China's PMI decreased month-on-month in March 2023

In March, China's Manufacturing Purchasing Managers' Index (PMI) was 51.9%, down 0.7 percentage points from the previous month, but still above the critical point, indicating that the manufacturing sector maintained an expansionary trend.
From the perspective of enterprise scale, the PMI for large, medium, and small enterprises were 53.6%, 50.3%, and 50.4% respectively, down 0.1, 1.7, and 0.8 percentage points from the previous month, all remaining above the critical point.
From the perspective of classified indices, among the five classified indices constituting the manufacturing PMI, the production index, new orders index, and supplier delivery time index were all above the critical point, while the raw materials inventory index and employment index were below the critical point.
The production index was 54.6%, down 2.1 percentage points from the previous month, but remained above the critical point, indicating that manufacturing production activities continued to expand.
The new orders index was 53.6%, down 0.5 percentage points from the previous month, but remained above the critical point, indicating that market demand in the manufacturing sector continued to increase.
The raw materials inventory index was 48.3%, down 1.5 percentage points from the previous month, indicating that the decline in the inventory of major raw materials in the manufacturing sector has widened.
The employment index was 49.7%, down 0.5 percentage points from the previous month, indicating that the business climate for employment in manufacturing enterprises has slightly weakened.
The supplier delivery time index was 50.8%, down 1.2 percentage points from the previous month, but still above the critical point, indicating that the delivery time of raw materials from suppliers in the manufacturing sector continued to accelerate.

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China's clothing production in 2023 saw a year-on-year decrease in the first two months.

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Japan's imports of textiles and clothing saw a month-on-month increase in January 2023

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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