China's home textile and textile exports turned negative from January to July 2023.

From January to July, China's home textile exports totaled US$18.39 billion, a decrease of 2.1% year-on-year, turning from positive to negative growth. In July alone, home textile exports reached US$2.88 billion, down 10.3% year-on-year, further widening from the 8.3% decrease in the previous month. The monthly export growth rate has been declining since May, and the rate of decline continues to expand.
Specifically, kitchenware, carpets, and tablecloths maintained positive growth in cumulative exports, but the growth rate slowed compared to the previous month. Kitchenware exports reached US$1.74 billion, up 10.5% year-on-year; carpet exports reached US$2.33 billion, up 4.6% year-on-year; and tablecloth exports reached US$0.45 billion, up 3.9% year-on-year. In addition, beddings exports amounted to US$7.85 billion, down 2.6% year-on-year; blankets and towels exports were US$2.02 billion and US$1.33 billion respectively, with year-on-year decreases of 8.2% and 7.2%; and curtain and other decorative products exports continued to decline, with decreases of 6.3% and 7.2% respectively.
Growth in emerging markets slowed, while the decline in exports to developed markets deepened.
China's top four export markets for home textiles are the United States, ASEAN, the European Union, and Japan. From January to July, exports to the United States reached US$5.48 billion, down 11% year-on-year, with the cumulative decline widening by 2 percentage points compared to the previous month; exports to ASEAN reached US$2.35 billion, up 12.1% year-on-year, with cumulative growth slowing by 10.4 percentage points compared to the previous month; exports to the EU reached US$2.26 billion, down 10.7% year-on-year, expanding by 1.3 percentage points compared to the previous month; exports to Japan reached US$1.43 billion, down 10.6% year-on-year, expanding by 1.3 percentage points compared to the previous month; and exports to Australia reached US$0.69 billion, turning from a cumulative increase of 5.7% in the previous month to a decrease of 5.1%.
From January to July, exports to countries along the Belt and Road reached US$5.27 billion, up 13.4% year-on-year. Exports to the six GCC countries reached US$0.85 billion, up 2.9%; exports to the five Central Asian countries reached US$0.45 billion, a significant increase of 42.9%; exports to Africa reached US$0.84 billion, up 14.5%; and exports to Latin America reached US$1 billion, up 5.3%.
Zhejiang's exports decline again; border trade areas see a surge in exports.
Zhejiang, Jiangsu, Shandong, Guangdong, and Shanghai rank among the top five provinces and cities in China's home textile exports. Affected by insufficient market demand, reduced orders, and the high base effect, all major provinces and cities except Guangdong showed a significant decline. From January to July, Zhejiang's exports were US$5.58 billion, down 1.9% year-on-year; Jiangsu's exports were US$3.83 billion, down 11%; Shandong's exports were US$2.51 billion, down 9.4%; Guangdong's exports were US$1.57 billion, up 31.7%; and Shanghai's exports were US$1.09 billion, down 14.3%. Other regions, including Xinjiang, Guangxi, Heilongjiang, and Guizhou, maintained high export growth driven by border trade, with growth rates reaching 96%, 97%, 1.5 times, and 4.6 times respectively.
US imports from China continue to decline; imports from Mexico steadily increase.
From January to June 2023, the United States imported US$7.21 billion worth of home textile products, a decrease of 24.3%, with imports from China down 29.7%, accounting for 39.8%, down 3 percentage points from the same period last year. During the same period, US imports from India, Pakistan, Turkey, and Vietnam decreased by 21.7%, 22.4%, 27.2%, and 36.6% respectively. Among the major sources of imports, only imports from Mexico increased by 16.4%.
From January to June, the EU imported US$4.77 billion worth of home textile products, down 19.3%, with imports from China down 24%, accounting for 33.1%, down 2.1 percentage points from the same period last year. During the same period, EU imports from Pakistan, Turkey, India, and the UK decreased by 13.8%, 15.5%, 27.3%, and 0.03% respectively.
From January to June, Japan imported US$1.54 billion worth of home textile products, down 8.4%, with imports from China down 8.9%, accounting for 74.1%, down 0.4 percentage points from the same period last year. During the same period, Japanese imports from Vietnam, India, Thailand, and Bangladesh decreased by 3.7%, 33.9%, 7.3%, and 21.9% respectively.

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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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