Latest News:  


Price gap of cotton raises concern in textile industry

(People's Daily Online)

16:28, February 04, 2013

The gross output value of 37,000 textile enterprises with annual turnover more than 20 million yuan or above has amounted to 5.7 trillion yuan in 2012, up 12 percent, according to information released by the China National Textile and Apparel Council (CNTAC). The total profit in the first eleven months achieved 246 billion yuan, and the annual profit growth rate is about 4 percent.

Wang Tiankai, president of the CNTAC, said the main problem of textile industry is the big price gap of cotton at home and abroad. “If the current cotton system remains unchanged, pure cotton clothes may become luxury items in the next few years,” Wang added.

“Affected by the domestic management, the cotton price in China is 45 percent higher than the international market at the end of 2012. Imported cotton is 13,000 yuan per ton, but the cotton price of China’s nation stocks reached 19,000 yuan per ton,” said Gao Yong, vice president of the CNTAC.

The high cotton price domestically and the limitation of imported cotton seriously affect the world competitiveness of cotton spinning industry chain. Gao said the export value in the first eleven month last year declined about 9 percent.
China’s market share of textile industry in the global market declined in 2012. It accounted for 73 percent and 40 percent in the European Union and Japan’s importing market, decrease 1.8 percent and 1.1 percent respectively.

Wang Tiankai believed that how to reduce the cotton price gap at home and abroad effectively from the policy level and relieve the competitive pressure of cotton spinning industry will be the key factor of the textile industry.

Currently, the processing capacity of textile fiber in China is 43 million tons per year, but the percentage of cotton products is on the decrease. With the growing population, urbanization and the industrialization, people’s consumption demand of clothing and other textile is ascending. The price of cotton products is likely to climb higher under this situation.
Edited and translated by Ma Xi, People's Daily Online
Read the Chinese version: 棉价差距大困扰纺织业
Source: People's Daily

We recommend:

Wind power now No.3 energy resource

Blackberry maker changes name, unveils new phones

China caps first 3G nuclear plant

New Zealand moves to restore trust

Lenovo ready to challenge mobile industry leaders

Airbus has big hopes for big plane


Leave your comment0 comments

  1. Name


Selections for you

  1. Frigates conduct drill, patrol in S. China Sea

  2. Rare birds and wetlands protection

  3. Welcome to the coldest village on Earth

  4. A long journey that will help all women

  5. Telecom ring scammers going to jail

  6. China's weekly story (2013.01.27-01.31)

  7. Psy stages first commercial show on Chinese mainland

  8. Cinema guide for Spring Festival 2013

  9. EU telecom demands raise tensions

  10. Ministry acts on dairy safety

Most Popular


  1. A long journey that will help all women
  2. An easier ride, but for some only
  3. U.S. further placates Europe while turning to Asia
  4. China's year of challenges
  5. Rice imports not a threat to food security
  6. Getting workers their wages on time
  7. Clean Your Plate Campaign
  8. On the Road to Recovery
  9. The Internet needs a safety net
  10. Pollution prompts concern

What’s happening in China

High-profile divorce saga ends

  1. 2 killed in suspected boiler blast in Zhejiang
  2. Man purchases eight rail tickets to beat travel rush
  3. Ministry acts on dairy safety
  4. Snow, rain to affect travel across China
  5. Vowing to be different with the nuptials