Japanese clothing retail sales are significantly lower than pre-pandemic levels.

European Union
Macroeconomic According to Eurostat data, the Eurozone inflation rate slowed to 5.3% in July due to falling energy prices. Germany's CPI remained relatively high, with a year-on-year increase of 6.2%. The Eurozone economy rebounded in the second quarter of 2023, with growth reaching 0.3%.
Retail The latest data from Eurostat shows that EU retail sales fell by 1.4% year-on-year and 0.3% month-on-month in June. Non-food retail sales excluding automotive fuel fell by 0.2% month-on-month and remained stable year-on-year in June, ending a four-month decline.
Import From January to June, EU clothing imports totaled $46.07 billion, down 11.2% year-on-year.
Imports from China amounted to $11.63 billion, a year-on-year decrease of 16.2%; accounting for 25.3% of the total, down 1.5 percentage points year-on-year.
Imports from Bangladesh totaled $9.83 billion, a year-on-year decrease of 16.2%; accounting for 21.3% of the total, down 0.6 percentage points year-on-year.
Imports from Turkey amounted to $5.54 billion, down 11.2% year-on-year; accounting for 12% of the total, up 0.01 percentage points year-on-year.
Imports from India totaled $2.76 billion, down 7.4% year-on-year; accounting for 6% of the total, up 0.3 percentage points year-on-year.
Imports from Vietnam amounted to $2.05 billion, down 4% year-on-year; accounting for 4.4% of the total, up 0.3 percentage points year-on-year.
Japan
Macroeconomic A survey by Japan's Ministry of Internal Affairs and Communications shows that Japan's real household consumption expenditure, excluding price factors, fell by 4.2% year-on-year in June, marking a fourth consecutive month of year-on-year decline. Eight of the ten major consumption categories included in the survey showed a year-on-year decline in expenditure. Specifically, food, other consumption expenditure including social expenses, and household goods had the most significant impact on the decline in consumption.
Retail According to revised data from Japan's Ministry of Economy, Trade and Industry, Japan's retail sales increased by 5.9% year-on-year in June, but decreased by 0.4% month-on-month. During this period, the year-on-year increase in existing store retail sales by large retailers increased to 4.1%. From January to June, Japan's textile and clothing retail sales totaled 4.2 trillion yen, up 0.6% year-on-year, but down 22.8% compared to the same period before the pandemic. In June alone, Japan's textile and clothing retail sales were 694 billion yen, down 2% year-on-year and down 25.6% compared to the same period before the pandemic.
Import From January to June, Japan's clothing imports totaled $11.97 billion, down 0.5% year-on-year.
Imports from China amounted to $6.09 billion, down 7.3% year-on-year; accounting for 50.9% of the total, down 3.7 percentage points year-on-year.
Imports from Vietnam totaled $1.94 billion, up 10.6% year-on-year; accounting for 16.2% of the total, up 1.6 percentage points year-on-year.
Imports from Bangladesh amounted to $0.63 billion, down 4.6% year-on-year; accounting for 5.3% of the total, down 0.2 percentage points year-on-year.
Imports from Myanmar totaled $0.57 billion, up 26.2% year-on-year; accounting for 4.8% of the total, up 1 percentage point year-on-year.
Imports from Cambodia amounted to $0.54 billion, down 0.4% year-on-year; accounting for 4.5% of the total, remaining unchanged year-on-year.

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Insufficient external demand and extreme weather have significantly impacted clothing exports.

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Many American clothing companies plan to gradually reduce imports from China

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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