The export of textile and apparel declined by small margin in January-July

According to customs statistics, on August 10th, in January-July 2012 ,China `s foreign trade imports and exports valued at USD 2,168.37 billion. Compared with the same period in 2011 increased 7.1%. Among them, exports worth USD 1,131.24 billion, an increase of 7.8% y/y; imports worth USD 1,037.13 billion up 6.4% y/y. USD 94.11 billion trade surplus. The export of textile and apparel declined by small margin in January-July.

In July 2012 , China `s foreign trade imports and exports valued at USD 328.73 billion. Compared with the same period in 2011 increased 2.7%. Among them, exports worth USD 176.94 billion, an increase of 1.0% y/y; imports worth USD 151.79 billion , an increase of 4.7% y/y;USD 25.15 billion trade surplus, down 16.8%.

The export of textile and apparel declined by small margin in January-July. The export of apparel amounted to USD 82.93 billion, decreased by 0.2% y/y ;the export of textile amounted to USD 54.47 billion, decreased by 0.2% y/y.

In July 2012 , The export of textile and apparel amounted to USD 23.889 billion, decreased by 8.1% y/y and increased 4.37% m/m. Among them, the export of textile ( including yarn, fabrics and products ) amounted to USD8.002 billion, decreased by 8.06% y/y ; the export of apparel ( including clothing and clothing accessories ) amounted to USD 15.887 billion, decreased by 8.13% y/y.

In the United States, Europe and other developed countries and regions, subject to the European debt crisis , economic recovery is weak, the unemployment rate remains high,employment structure deteriorated and low consumer confidence. These factors limited the demand for textiles and garments and also limited the demand in related industry. The textile and apparel industry had been expected at the beginning of year “ exports will remain low or negative growth in the first half. ”

According to Ministry of industry and information technology of People’s Republic of China , international market remains in the doldrums, cotton’s price gap continued to expand between home and abroad and competition become more intense , these are the major limiting factors for China’s textile exports.

According to United States Customs ,in January-April, the imports of textiles and apparel from China accounted for 36.1% of the global imports of the similar products, down 4.04 percentage points over the same period in 2011;According to Japan Customs ,in January-April, the imports of textiles and apparel from China accounted for 73% of the global imports of the similar products, down 1.95 percentage points over the same period in 2011; While ,Over the same period, India, Viet Nam, Bangladesh and other countries all increased the market share in the United States and in Japan.

 

For the situation in the second half, according to Ministry of industry and information technology of People’s Republic of China , international economic situation is not encouraging and low international demand will continue. Textile enterprises are still in a difficult situation in the second half. The export of textile and apparel continues low growing, the whole benefits will sharply decline and business loss will expand. Many medium , small and micro-enterprises will be knocked out.

 

Source: http://english.ctei.gov.cn/innews/domestic/201208/t20120827_1379516.html

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In January-July 2012, wearing prices rose by 3.3% y/y

On August 9, the National Statistical Office released data shows: in July, the general level of consumer prices in China rose by 1.8 % y/y.

According to statistics, in January-July, the data rose by1.9% in urban, the data rose by1.5% in rural; Food prices rose by 2.4%, non-food prices rose by 1.5%;Consumer goods prices rose by 1.7%, services goods prices rose by 2%.wearing prices rose by 3.3%.Among them, clothing prices rose by 3.6%, footwear prices rose by 2.3%.In January-July, the national average level of overall consumer prices rose by 3.1% compared with the same period in last year.

 

In July, the overall level of China’s consumer prices rose by 0.1%m/m. the data rose by0.1% in urban, the data rose by0.1% in rural; Food prices fell by 0.1%, non-food prices rose by 0.2%;Consumer goods prices fell by 0.1%, services goods prices rose by 0.6%.Among them, wearing prices fell by 0.5%.

 

Source: http://english.ctei.gov.cn/innews/domestic/201208/t20120827_1379515.html

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New national standards for cotton will be issued in September

A few days ago, Hebei Fibre Inspection Bureau held the meeting of publicize and carry out cotton national standards. It was announced, the method for the determination of cotton grade used for 40 years will be replaced by color-level physical standard. New GB1103 cotton and velvet cotton standards will be issued on September 1, 2012. It will be implemented on September 1, 2013.

Compared with the original standards, more than 21contents had been altered inwhich, abolish the grades and implement color levels is the core content of the standards. It is an important initiative for fiber detection system is geared to international standard. It is also an important element of the reform in cotton quality inspection.

 

According to new cotton standards, large package lint would be fully checked by instrument. So as to fully achieve the scientific and objective assessment for the intrinsic quality of cotton. Take full advantage of cotton resource, Promote industrial upgrading and reduce the cost of textile. Improving the quality of textile products and promoting the development of cotton textile industry.

 

Source: http://english.ctei.gov.cn/innews/domestic/201208/t20120827_1379513.html

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All garment workers to be paid for Eid by today - BGMEA

Ninety percent of the factory owners have cleared their Eid payroll, with the rest expected to complete it by today, said the president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

“Almost every year a section of garment workers is seen demonstrating before the festival due to some factory owners' failure to make timely payments,” said BGMEA's president Shafiul Islam Mohiuddin.

Mohiuddin spoke at a press conference organised at the BGMEA office in the capital.

“There should not be any kind of untoward incident this year as the owners have paid the workers timely,” he said, adding that he was pleased with the state of law and order in the garment sector so far.

He said the trade body formed 9 regional and 15 central monitoring committees to oversee the salary payment situation.

“Furthermore, we have suggested the owners to leave plenty of time for their workers to reach their villages for the Eid festival,” Mohiuddin said.

He added that according to his reports members of the regional and monitoring committees have visited more than 800 garment factories.

Mohiuddin said the BGMEA encourages foreign direct investments in specialised segments as the basic garment sector is self-sufficient.

The country's garment sector is going through a difficult period because of the continued economic crisis in Europe and the sluggish recovery of the US economy.

“This is why we are exploring new markets in China, Japan, Russia, Mexico, Brazil, Australia and South Africa, and encouragingly, exports to new destinations have increased by 12 percent.”

“But the problem is that our profit margins are narrowing down every year.”

Source: http://www.bgmea.com.bd/home/pages/AllgarmentworkerstobepaidforEidbytodayBGMEA_

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All garment workers to be paid for Eid by today - BGMEA

Ninety percent of the factory owners have cleared their Eid payroll, with the rest expected to complete it by today, said the president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

“Almost every year a section of garment workers is seen demonstrating before the festival due to some factory owners' failure to make timely payments,” said BGMEA's president Shafiul Islam Mohiuddin.

Mohiuddin spoke at a press conference organised at the BGMEA office in the capital.

“There should not be any kind of untoward incident this year as the owners have paid the workers timely,” he said, adding that he was pleased with the state of law and order in the garment sector so far.

He said the trade body formed 9 regional and 15 central monitoring committees to oversee the salary payment situation.

“Furthermore, we have suggested the owners to leave plenty of time for their workers to reach their villages for the Eid festival,” Mohiuddin said.

He added that according to his reports members of the regional and monitoring committees have visited more than 800 garment factories.

Mohiuddin said the BGMEA encourages foreign direct investments in specialised segments as the basic garment sector is self-sufficient.

The country's garment sector is going through a difficult period because of the continued economic crisis in Europe and the sluggish recovery of the US economy.

“This is why we are exploring new markets in China, Japan, Russia, Mexico, Brazil, Australia and South Africa, and encouragingly, exports to new destinations have increased by 12 percent.”

“But the problem is that our profit margins are narrowing down every year.”

Source: http://www.bgmea.com.bd/home/pages/AllgarmentworkerstobepaidforEidbytodayBGMEA_

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12th Five-year Plan for the development of new strategic industries issued

Recently China has released a plan for the development of its new strategic industries from now to the end of 2015, according to a latest statement released by the State Council. The plan indicates the goals for the strategic emerging industry in the future 5~10 years.

The seven industries will maintain an average growth rate of more than 20 percent during the 2011-2015 period, the plan said. The seven new strategic industries include energy conservation and environment protection, new information technology, biology, high-end equipment manufacturing, new materials, new energy and new-energy cars, according to the plan. The total value-added output of the industries will account for around 8 percent in China’s gross domestic product (GDP) by 2015, it said. The plan aims to boost the innovation capability of those industries, improve the environment for innovation and starting businesses and strengthen their positions in global labor division. The plan also aims at enhancing the role of the seven industries in serving the upgrading of industrial structure, energy saving and emission reduction, raising people’s living standards and adding jobs. The statement further noted that the value-added output of these industries would amount to 15 percent of the country’s GDP by 2020.

 

Investment in research and development of new strategic industries reached more than 5% of sales revenues. Enhancing transformation in major scientific and technological achievements, mastering a number of leading core technology and building a number of innovative platforms in international advanced level. Let a group of enterprises have their key technologies , their own brands and products with independent intellectual property rights. Become a globally important research and development base.

 

Source: http://english.ctei.gov.cn/innews/domestic/201208/t20120817_1375894.html

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Apparel retailers had a big pressure in the first half

According to Nation Commercial Information Center of China , the cumulative growth of apparel retail sales value from January to June was 9.82%, compared to the same period in the last year(21.81%) decreased by 12% . It is worth noting that, the cumulative growth of apparel retail sales volume from January to June was only 0.99%.This means that the apparel retail sales growth mostly from price’s increasing. The reporter learned that, the cumulative growth of apparel retail sales in the first half of last year more than 20%,but growth in the first half of this year has not exceeded 10%. However, from the beginning of the second quarter, clothing retail sales began to pick up. Analysts believe that, Sales growth is mainly due to promotional activities in holidays.

Recently, several clothing brands listed companies released the first-half results.The results showed not encouraging. Mass leisure brand-Semir has announced the first-half performance reporting. Net profit was expected to decline 35%~45% in the first half; High-end men’s clothes brand-SINOER reduced their expectation, expected its net profit growth from 20%~50% cut to 0~20%. Rising rent in quality shops, is a great test for operation ability of domestic fashion brands .

According to the latest research results in China industry information center , In 2011, 2812 shopping centers in 106 cities across the country, rent had a more than 30% rise in quality shops.

 Source: http://english.ctei.gov.cn/innews/domestic/201208/t20120817_1375893.html

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Galeries Lafayette planning to open a semicolon in China

France famous department store - Galeries Lafayette will continue bullish about the prospects of China’s market. It is said, Galeries Lafayette have begun to siting the second department store in China.

Chief Executive Officer of Galeries Lafayette Philippe Houze said the Beijing store would be a “test”, the company is siting China’s second store. At the same time , Galeries Lafayette is also seeking acquisitions to expand financial resources. Recently, Galeries Lafayette acquired Didier Guerin,Didier Guerin is a jewellery brand in France,having total of 34 stores in the Paris region and its turnover close to 50 million euros in 2011.Philippe Houze thinks that the downturn of global economic makes it easy for company acquisitions.

 

15 years ago Galeries Lafayette failed in Wangfujing shopping district for poor performance. Galeries Lafayette and Hong Kong I.T retail company established joint venture . The shopping mall will be opened in the second quarter of next year in Beijing. It is said that Galeries Lafayette still selling hand-made to high-end customers, Its operation will different from Xidan joy city, zhongyou department store, Grand Pacific Department store and Xidan Shopping Mall. It will be the first semicolon in Asia for Galeries Lafayette.

 

Source: http://english.ctei.gov.cn/innews/domestic/201208/t20120817_1375891.html

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In the first half sales value in Tianjin 30 department stores was CNY15.22 billion

According to Tianjin Commercial Commission, in the first half sales value in Tianjin 30 department stores was CNY15.22 billion, an increase of 20.7% y/y. Sales value in mid-to-high range department stores rose faster. 

According to Tianjin Commercial Commission, YouYi shopping mall ,Hisense Plaza shopping mall and other high-end shopping centers sales value was CNY 4.279 billion in the first half, an increase of 28.3% y/y;Zhenhua department store and other mid-to-high shopping malls total sales value was CNY 2.85 billion, an increase of 25% y/y;Quanyechang and other mid range shopping malls sales value was CNY 7.46 billion in the first half, an increase of 18.6% y/y; Yuetan mansion and other low-end markets total sales of CNY 0.631 billion in the first half, an increase of 19.2% y/y.

 

Source: http://english.ctei.gov.cn/innews/domestic/201208/t20120817_1375890.html

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Beijing department stores speed up the development of chain operation

As the capital regional consumer market enhanced, a growing number of department stores ,supermarkets chose chain operating mode. They occupy market by chain operation. At present, “Multi combination + differentiated management “ has become a effective commercial expansion path of development.

According to reporter statistics, including the Parkson shopping center, Guiyou Plaza, Blue Island, Cuiwei Plaza, Xidan shopping mall, Dangdai shopping mall , Wangfujing department store , Scitech shopping center, New World shopping mall, Hualian department store and so on, the large department store has at least 2 or more branches. Whether in foreign or domestic shopping mall department store brands, chain operation is fairly mature. It laid a foundation for expansion throughout the country.

Men’s Suits Retail Sales in BJ Department Stores Worth CNY 17.68 million in May

According to Beijing Commercial Information Consultation Center. Sales value of men’s suits in Beijing 18 mid-to-high range department stores in April 2012 and in May 2012 were CNY27.0433 million and CNY 17.6782 million respectively. In April, men's suits sales value down 12.68% m/m and down 5.03% y/y; In May, men's suits sales value down 34.63% m/m and down 27.55% y/y.

Looking further into the sales rank of department stores, Wangfujing Department Store, Cuiwei Palace and Xidan Department Store reported highest comparable sales in May; Looking further into the sales rank of brands, Kwunkeetailor ,S.D.Spontini and VICTOR reported highest comparable sales in May 2012. Among them, S.D.Spontini reported a CNY2.23 million sales value.

Department stores: Zihexin Plaza increased greatly up to 220% m/m

In May 2012, Beijing Top 10 department stores accounted for 87.01% of the overall men's suit sales value in Beijing 18 mid-to-high range department stores.In April men's suit sales value had a small decline ;In May most of the top 10 department stores continue to decline, resulting in overall sales value had a decrease of 34.63% compared with April.

Wangfujing department store sales fell 0.91% m/m, for CNY3.5816 million sales value won the Champion. Cuiwei Palace claimed the 2nd by a CNY2.5633 million sales value ,rose 1.69%. Xidan Department Store claimed the 3rd with a CNY2.4484 million sales value, fell 27.53%m/m. Yansha Youyi Shopping Mall was the champion in April, greatly fell 68.71%m/m ,slipped to the fourth place in May. Department stores from the fourth to seventh place sales of CNY 1.00 million to CNY 1.40 million. Men's suits sales value in the rest stores were less than CNY 1.00 million. Among them, Zihexin Plaza increased greatly up to 220% m/m, entered the top ten.

Fuxing Commercial City won the Champion

In May 2012, Beijing Top 10 department stores accounted for 92.76% of the overall men's suit sales volume in Beijing 18 mid-to-high range department stores . In May 60 percent of the top 10 department stores declined, resulting in overall men's suit sales volume had a decrease of 28.78% compared with April.

Fuxing Commercial City won the gold medal with a weak growth of 4.39% m/m. Wangfujing department store and Xidan Department Store declined in men's suit sales volume compared with April, but still ranking second and third place respectively by 16.12% and 11.95% market share of overall men's suit sales volume in the top 10 stores. Zihexin Plaza increased sharply nearly 177.92%m/m,entered the top fourth. Cuiwei Palace with 8.75% market share ranked the fifth. The market shares for the rest stores between 2%and 6% in sales volume.

Brands: Joeone’s sales value have doubled

Top 10 brands accounted for 43.14% of the overall men's suit sales value in Beijing 18 mid-to-high range department stores .

Kwunkeetailor reported a CNY2.23 million sales value with a growth of 48.77% m/m. Kwunkeetailor won the gold medal with an obvious advantage. S.D.Spontini, ranking second, sales value was CNY 1.03 million,down 43.6%m/m. Sales value for the third to the fifth between CNY 0.6 million and CNY 1.00 million . The rest brands were less than CNY 0.5 million. Among them, Joeone increased by 136.88%m/m, entered the top ten, achieved a ranking boost.

Shenglong accounted for 4.5% of market share

The top 10 brands accounted for 37.58% of the total Men’s suits sales volume in Beijing 18 mid-to-high range department stores in May 2012.

Shenglong increased 13.91%m/m in sales volume ,accounted for 4.54% of market share, claiming the 1st. Wumu decreased 61.96%m/m,claimingthe second. ESPRIT and EVE DE UOMO were claiming the 3rd and 4th rank in sales volume, accounting for 4.19% and 4.12% of market share respectively. Market shares for the rest brands were less than 4.0% in sales volume . Among them , Both Goldlion and Joeone had a growth more than 100%m/m. 

 Source: http://english.ctei.gov.cn/innews/domestic/201208/t20120817_1375888.html

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