EU clothing imports in January-October 2023 saw a significant year-on-year decrease.

Macro: In November, inflationary pressure in the Eurozone further eased, with CPI year-on-year growth at 2.4%, the lowest since July 2021; the year-on-year growth rate of core CPI even fell to a new low in the past year, at 3.6%. Based on this, the European Central Bank may revise down its inflation forecast, and Eurozone inflation is expected to reach the target of 2% in the second half of 2024.
Retail: The latest data from Eurostat shows that Eurozone retail sales grew by 0.1% month-on-month in October, ending a three-month decline. During the period, mail order and internet sales grew by 2.2%, driving a 0.8% increase in non-food retail sales; however, retail sales in October still fell by 1.2% year-on-year.
Import: From January to October, EU clothing imports totaled US$80.3 billion, down 14.5% year-on-year.
Imports from China totaled US$22.73 billion, down 28.3% year-on-year; accounting for 27.9%, a decrease of 2 percentage points year-on-year.
Imports from Bangladesh totaled US$16.23 billion, down 20.2% year-on-year; accounting for 20.5%, a decrease of 0.7 percentage points year-on-year.
Imports from Turkey totaled US$9.16 billion, down 11.4% year-on-year; accounting for 11.4%, an increase of 0.4 percentage points year-on-year.

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China's terry cloth exports significantly decreased from January to November 2023

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U.S. imports of home textile products dropped significantly year-on-year from January to October 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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