China's exports of textiles, clothing and
accessories in January grew 18.55 percent year-on-year, but the growth rate was
much lower than in previous months.
It was 12.3 percentage points lower than the growth rate in November, 12.2
percentage points lower than that in December and 6.7 percentage points lower
than that of last year, according to statistics of China's General
Administration of Customs.
According to the statistics, China's textile exports reached 4 billion US
dollars in January, up 11.6 percent year-on-year. Clothing and accessories
exports totaled 8.14 billion US dollars, up 22.3 percent.
Chinese textile and clothing companies enjoyed sustained rapid export growth
following its accession to the World Trade Organization (WTO) in 2001.
However, Chinese textile and clothing exports have encountered criticism from
Europe, the United States and some African countries.
The US government filed a complaint with the WTO in early February, alleging
that China is using export subsidies to help its companies, including those in
the clothing sector, to compete in world markets.
The United States, the largest destination of China's textile and clothing
exports, could impose a 27.5 percent tariff on China's clothing exports if
negotiations and discussions on the issue produce no results.
Chinese industrial insiders say in this market environment, growth of China's
textile and clothing exports are likely to subside further.
According to the China Chamber of Commerce for Import and Export of Textiles
(CCCIET), China's direct textiles and attire exports to the United States
reached 21.9 billion US dollars in 2006, making up 15.24 percent of the United
States market, a drop of 1.42 percentage points from the previous year.
The Chinese government began lowering export rebates for textiles last year.
The CCCIET and other relevant institutions have established a mechanism to
monitor exports of certain commodities to control the growth rate.
China's textile and clothing exports to the United States posted a
year-on-year rise of 18.1 percent in 2006, compared with 66.09 percent for the
Growth of textile and clothing exports to the United States in January was
lower than that in previous two months.
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