US apparel retail sales continued their downward trend in April 2023.

According to data from the US Department of Commerce, US retail sales increased by 0.4% month-over-month and 1.6% year-over-year in April, marking the lowest year-over-year increase since May 2020. Retail sales of clothing and furniture continued to cool down.
 
The US CPI rose 4.9% year-over-year in April, marking the tenth consecutive decline and a new low since April 2021. Although the year-over-year CPI growth rate is narrowing, prices for core necessities such as transportation, dining out, and housing remain firm, with a year-over-year increase of 5.5%.
 
A senior research analyst at JLL's US retail division stated that due to persistent inflation and turmoil in US regional banks, the fundamentals of the retail industry have begun to weaken. Consumers have had to downgrade their consumption to cope with high prices, shifting spending from non-essential goods to groceries and other essential goods. Due to reduced real disposable income, consumers prefer discount stores and e-commerce.
 
Clothing and apparel stores: April retail sales totaled $25.5 billion, down 0.3% from the previous month and down 2.3% from the same period last year, continuing the downward trend. Compared to the same period in 2019, sales increased by 14.1%.
 
Furniture and home furnishing stores: April retail sales totaled $11.4 billion, down 0.7% from the previous month and down 6.4% from the same period last year, with the year-over-year decline widening. Compared to the same period in 2019, sales increased by 14.7%.
 
General merchandise stores (including supermarkets and department stores): April retail sales totaled $734.7 billion, up 0.9% from the previous month, while department stores decreased by 1.1% month-over-month. Compared to the same period last year, sales increased by 4.3%, and compared to the same period in 2019, sales increased by 23.4%.
 
Non-store retailers: April retail sales totaled $1126.3 billion, up 1.2% from the previous month and up 8% from the same period last year, with growth slowing. Compared to the same period in 2019, sales surged by 88.3%.

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China's household textile exports maintained growth from January to April 2023

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Domestic clothing sales in April 2023 showed a significant increase.

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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