China's textile and apparel exports showed a month-on-month improvement in August 2024

According to the latest data released by the General Administration of Customs on September 10, affected by factors such as slowing demand in major markets, increased trade barriers, and falling export prices, textile and apparel exports in August increased by only 1% year-on-year, showing a slight improvement over the previous month but still lower than the growth rate of national goods trade. In US dollar terms, textile and apparel exports in August reached US\$27.95 billion, up 1% year-on-year. Among them, textile exports grew by 5.1%, driving the overall export recovery. Despite a low base last year, apparel exports still fell by 2% year-on-year, with the decline narrowing by 1.6 percentage points compared to the previous month.

Textile and apparel exports in RMB terms:

From January to August 2024, the cumulative export of textiles and apparel reached 1405.99 billion yuan, an increase of 3.2% year-on-year. Among them, textile exports reached 661.6 billion yuan, up 5.8%, and apparel exports reached 744.39 billion yuan, up 1%.
In August, textile and apparel exports totaled 199.28 billion yuan, down 0.7% year-on-year but up 4.5% month-on-month. Among them, textile exports reached 87.12 billion yuan, up 3.3% year-on-year and 6.1% month-on-month, while apparel exports reached 112.16 billion yuan, down 3.6% year-on-year but up 3.3% month-on-month.

Textile and apparel exports in US dollar terms:

From January to August 2024, the cumulative export of textiles and apparel reached US\$1977.7 billion, up 1.1%, with textile exports reaching US\$930.7 billion, up 3.5%, and apparel exports reaching US\$1047.1 billion, down 1%.

In August, textile and apparel exports reached US\$279.5 billion, up 1% year-on-year and 4.3% month-on-month. Among them, textile exports reached US\$122.2 billion, up 5.1% year-on-year and 5.8% month-on-month, while apparel exports reached US\$157.3 billion, down 2% year-on-year but up 3.1% month-on-month.

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US wholesaler apparel and apparel fabric inventories fell year-on-year in July 2024

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China's clothing volume increased while prices fell from January to July 2024

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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