From January to November 2024, Guangdong and Fujian's clothing exports showed a year-on-year decline.

From January to November, China's exports to Western developed economies (US, Canada, EU, UK, Japan, Australia, and New Zealand) totaled US\$81 billion, a year-on-year increase of 2.8%. Exports to the United States reached US\$32.91 billion, a year-on-year increase of 7.3%, accounting for 22.8% and increasing by 1.6 percentage points. Exports to the European Union reached US\$25.18 billion, a year-on-year increase of 3.8%, accounting for 17.5% and increasing by 0.7 percentage points. Exports to Japan totaled US\$10.79 billion, a year-on-year decrease of 7.8%, accounting for 7.5% and decreasing by 0.6 percentage points. Exports to the UK, Singapore, and Canada were US\$4.77 billion, US\$2.44 billion, and US\$2.49 billion respectively, with year-on-year growth of 7.2%, 8.3%, and 8.1% respectively. Exports to South Korea and Australia were US\$6.03 billion and US\$4.31 billion respectively, with year-on-year decreases of 3.5% and 10.3% respectively. From January to November, China's exports to countries participating in the Belt and Road Initiative totaled US\$60.4 billion, a year-on-year decrease of 4.8%, accounting for 41.9% and decreasing by 1.9 percentage points. Exports to ASEAN totaled US\$13.51 billion, a year-on-year decrease of 0.6%, accounting for 9.4% and remaining unchanged from the same period last year. Exports to the five Central Asian countries showed a downward trend, totaling US\$11.55 billion, a year-on-year decrease of 3.3%. Exports to Russia totaled US\$3.46 billion, a year-on-year decrease of 10.6%. Exports to Latin America totaled US\$8.69 billion, a year-on-year increase of 8.7% (with exports to Mexico and Brazil increasing by 20.4% and 13.4% respectively). Exports to Africa totaled US\$6.52 billion, a year-on-year decrease of 18%. Exports to the six GCC countries totaled US\$4.09 billion, a year-on-year decrease of 14.9%.
From January to November, Zhejiang, Jiangsu, Shandong, and Shanghai exported US\$33.73 billion, US\$18.91 billion, US\$16.39 billion, and US\$7.99 billion respectively, with year-on-year growth of 6.8%, 3.8%, 1.5%, and 2.8% respectively. Guangdong and Fujian exported US\$20.69 billion and US\$12.18 billion respectively, with year-on-year decreases of 3.7% and 3.3% respectively. The combined exports of the five eastern provinces and one municipality accounted for 76.2% of the national total, a year-on-year increase of 1.6 percentage points. The combined exports of the 20 provinces and cities in central and western China increased by 4.6% year-on-year, accounting for 19.9% of total exports, a year-on-year decrease of 1.5 percentage points. Among them, Xinjiang's exports reached US\$12.36 billion, a year-on-year increase of 5.3%.

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Japan's clothing imports decreased year-on-year from January to October 2024

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Online retail sales showed steady growth from January to November 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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