China's textile and apparel exports saw a month-on-month improvement in December 2023

According to the latest data from the General Administration of Customs, in December, textile and apparel exports totaled US\$25.27 billion, marking a return to positive growth after seven months, with a year-on-year increase of 2.6% and a month-on-month increase of 6.8%. Exports are gradually recovering and stabilizing. Textile exports increased by 3.5% year-on-year, while apparel exports increased by 1.9%.
Textile and apparel exports in RMB: From January to December 2023, cumulative textile and apparel exports reached RMB 2066.03 billion, down 2.9% year-on-year. Textile exports were RMB 945.41 billion, down 3.1%, while apparel exports were RMB 1120.62 billion, down 2.8%.
In December, textile and apparel exports reached RMB 181.19 billion, up 5.5% year-on-year and 6.7% month-on-month. Textile exports reached RMB 80.35 billion, up 6.4% and 0.7% respectively, while apparel exports reached RMB 100.84 billion, up 4.7% and 12% respectively.
Textile and apparel exports in US dollars: From January to December 2023, cumulative textile and apparel exports reached US\$293.64 billion, down 8.1%. Textile exports were US\$134.5 billion, down 8.3%, while apparel exports were US\$159.14 billion, down 7.8%.
In December, textile and apparel exports totaled US\$25.27 billion, up 2.6% and 6.8% respectively. Textile exports were US\$11.21 billion, up 3.5% and 0.8% respectively, while apparel exports were US\$14.07 billion, up 1.9% and 12.1% respectively.

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US textile and apparel imports significantly decreased from January to November 2023

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US clothing retail sales saw a month-over-month increase in December 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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