China's clothing exports to emerging markets decreased year-on-year in 2024

In 2024, China's clothing exports to Western developed economies (US, Canada, EU, UK, Japan, Australia, and New Zealand) totaled US\$88.8 billion, a year-on-year increase of 3.7%; accounting for 55.8% of total exports, an increase of 1.8 percentage points. Exports to the US reached US\$36.19 billion, an increase of 8.7%; accounting for 22.7%, an increase of 1.8 percentage points. Exports to the EU reached US\$27.75 billion, an increase of 4.8%; accounting for 17.4%, an increase of 0.7 percentage points. Exports to Japan reached US\$11.61 billion, a decrease of 7.8%; accounting for 7.3%, a decrease of 0.6 percentage points. Exports to the UK, Singapore, and Canada reached US\$5.22 billion, US\$2.76 billion, and US\$2.73 billion respectively, with year-on-year growth of 7.5%, 4.2%, and 8.3% respectively. Exports to South Korea and Australia reached US\$6.83 billion and US\$4.71 billion respectively, with year-on-year decreases of 2.5% and 10.3% respectively.
China's exports to countries participating in the Belt and Road Initiative totaled US\$67.17 billion, a year-on-year decrease of 4.3%; accounting for 42.2% of total exports, a decrease of 2.1 percentage points. Exports to ASEAN reached US\$15.34 billion, a year-on-year decrease of 1%. Exports to the five Central Asian countries reached US\$12.32 billion, a year-on-year decrease of 5.4%. Exports to Russia reached US\$3.81 billion, a year-on-year decrease of 9.9%. Exports to Africa reached US\$7.4 billion, a year-on-year decrease of 16.1%. Exports to the six GCC countries reached US\$4.62 billion, a year-on-year decrease of 12.1%. Among major emerging markets, only exports to Latin America increased, reaching US\$9.55 billion, a year-on-year increase of 9.9%.
In 2024, exports from the five eastern provinces and one municipality increased by 1.9% year-on-year, accounting for 75.8% of the country's total exports, a year-on-year increase of 1.6 percentage points. Among them, Zhejiang, Jiangsu, Shandong, and Shanghai saw year-on-year export growth of 7.6%, 4.4%, 2.1%, and 3.8% respectively, while Guangdong and Fujian saw year-on-year decreases of 4.4% and 1.4% respectively. Exports from central and western provinces and cities decreased by 7.3% year-on-year, accounting for 20.2% of the country's total exports, a year-on-year decrease of 1.5 percentage points. Among them, Xinjiang and Guangxi saw export growth of 2.4% and 5.4% respectively, while Hubei, Jiangxi, Anhui, Sichuan, Hunan, and Henan all experienced varying degrees of decline.

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In 2024, China's clothing exports showed an increase in volume but a decrease in price.

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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