Textile & clothing industry is too much stretched in China and
there are eight major categories such as garment, cotton fabrics,
chemical fabrics, wool fabrics, silk fabrics, knitted fabrics, textile
machinery and bestfibre. Production capabilities of all categories
T&C is unparalleled in the world. According to China Textile
Industry Development Report (2014/2015), textile fibre production in
China exceeded 50 million tonne, accounting for 54.36 per cent of world
share. As much as 64.2 per cent of the world’s chemical fibres, 64.1 per
cent of synthetic fibres and 26.2 per cent of cotton were produced in
China. On the other hand, apparel production in China reached 29.9
billion units in 2014, which is 10.4 per cent higher from 2013. This
massive production capacity of China is showing a clear view that very
likely China will remain the top apparel-sourcing goal for world’s
buyers.
Total value of China’s exports of apparel and clothing accessories in
the world was $147.79 billion in 2016, which was $162.35 billion in
2015 and $173.44 billion in 2014 and $165.04 billion in 2013, according
to ITC (International Trace Corporation) data from World Trade
Organization (WTO). This data clearly shows that Chinese apparel export
was having sharp growth till 2014 and afterwards it is having sharp
decline. In 2014, Chinese global apparel export was the highest ever and
afterwards in two years, it has lost 14.79 per cent of its exports.
Source: Taiwan Today, China Wednesday, 28 March 2018