GUANGZHOU, China, May 23, 2018 /PRNewswire/ -- The 123rd China
Import and Export Fair (Canton Fair) has come to an end with
Chinese textile & garment products reaching a total turnover of
US$1.42 billion, a 4.1 percent
year-on-year increase and accounting for 4.7 percent of the total
volume of transactions at the event.
"Our data shows that Chinese textile and garment exports are
recovering at a very healthy pace," said Maggie Pu, Deputy Director General of the
Foreign Affairs Office at Canton Fair. "The latest statistical data
from the General Administration of Customs shows that the
accumulated exports of Chinese textile and garment products grew at
a rate of 4.23 percent year-on-year to reach US$78.932 billion in the first four months of
2018, with US$36.372 billion of that
coming in the textile sector which achieved year-on-year growth of
11.37 percent."
Signs of Turnaround with more environmental and quality
requirements
"Many textile & garment companies that attended this session
of the Canton Fair attribute the recovery and growth of the sector
to a comprehensive upgrading of the industry. They have developed
new environmentally-friendly and high-quality textile fabrics,
demonstrated technical prowess, and improved their support services
to meet the demands of the international market," Pu said.
Fuzhou Shangfei Clothing Co., Ltd., an example of an attendee
that has made great strides in product innovation, demonstrated
their new biodegradable and recyclable coat fabric at this year's
Canton Fair. This fabric won the ISPO Award in the outdoor segment
and has been well-received in the European market.
Increased Competitiveness Supports Market Transition
The garment and textile sector's growth has fueled a maturing of
companies in the industry, and this is reflected in those that came
to the Canton Fair. Some of the now-common capabilities of the
vendors in attendance include:
- Advanced manufacturing and customization capabilities
- Ability to supply boutique and premium products
- Robust R&D programs
- Quick response to inquiries and comprehensive customer service
support
According to Gao Song, President of Jiangsu Sainty, the company
brought their clothes and tailored products to Canton Fair, which
reflect the company's high-end manufacturing capability. The event
has also been a vital platform for the company's research and
service capabilities, as well as a contributor to the company's
growth.
Huang Haitao, Chief of Office of Jiangsu Soho, believes that
Canton Fair, working as an important channel to communicate with
global suppliers, can help them understand industry trend and
differentiations among products, get to associate with valuable
partners, and convert competing relationship to partnership through
service segmentation.
About Canton Fair
The China Import and Export Fair ("Canton Fair"), is held
biannually in Guangzhou every
spring and fall. Established in 1957, the fair is now a
comprehensive exhibition with the longest history, highest level,
largest scale and largest number of products as well as the
broadest distribution of buyer origins and the highest business
turnover in China.
Photo -
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