INTIMA ASIA – 03/2009 - (Page 68)

Exclusive The Textile In application of technical textiles. Build diversified export markets and stabilize international market shares. Foreign trade plays an important role in the Chinese textile and apparel industry. In 2008, the export value of textiles and apparel was 185.22 billion USD, up 8.2% yoy. In such difficult times, keeping an 8.2% increase is inspiring. But the growth rate was 10.7% lower than in 2007.The situation of this year is not optimistic, even worse. The EU, USA, Japan and Hong Kong are the top 4 export markets. But Eastern Europe is a booming market even though exports to Russia went down 29% in 2008. Statistics of export growth rate to Kyrgyzstan, Kazakhstan and Tajikistan were up 194%, 54% and 494% respectively. Therefore, extending diverse export markets becomes crucial. The domestic market has been emerging as an important segment for manufacturers and exporters, as slow growth in exports forced exporters to turn to the domestic market. Retail sales of apparel increased by 24.8%, 3% higher than the whole consumer goods sector. In early November of 2008, China announced a 4 trillion yuan (586 billion USD) stimulus package to boost domestic demand in both infrastructure investment and consumption. This package does not directly target the textile industry, but with the implementation of polices and investments, it will surely contribute to the textile industry, especially benefiting the technical textile sector, such as geotextiles and medical and hygiene textiles. The entire textile industry as a whole will be greatly involved by the China Textile Industry Revitalization Plan. Ms Vivian Zhu, head of CETA accepted to present to Intima Asia the key points of the stimulus plan that will be the subject of a conference to be held at Hong Kong Mode Lingerie on April 8th he Chinese textile and apparel industry is going through the most difficult period during three decades. Under the severe impact of global financial crisis, RMB appreciation, raw material, energy and labor cost increases, plus weakening demand of major consumption countries, one third of SMEs closed down and thousands of people lost their jobs. To support this traditional pillar industry, on Feb 4 th, during the State Council Executive Meeting, the Textile Industry Revitalization Plan was exVIVIAN ZHU amined and approved in principle. Here are the 5 key points meant to revitalize the Chinese textile industry. T 1 68 Coordinate the planning of both domestic and international markets 2 Strengthen technology upgrading and building of China’s independent brands Enlarge domestic consumption, develop new products, explore rural markets and facilitate Special funds will be established to support the technological upgrade of the spinning, weaving, dyeing, printing, and chemical fibers sectors, to accelerate high-tech fibers industrialization, to improve textile machinery with independent intellectual property rights and to foster independ-

Table of Contents for the Digital Edition of INTIMA ASIA – 03/2009

Cover
SHOP SCOUTING WORLD WIDE
NEWER NOTABLES - Aimer
- Passionata
- Innée
- Printemps
- Harrods
- Victoria’s Secret
- Tayê
RETAIL NEWS
FW 09/10 TRENDS - Baroque Allure
- Red Passion
- Light & Shadow
- Sweet Glamour
- Sensual Skin
LAUNCHING - Parah, R Crescentini
- Hanro, Grenier
EVENT - Ultralingerie
- Italian Legwear
EXCLUSIVE
INTERVIEW
EXHIBITION UPDATE - Hong Kong Mode Lingerie
- A new deal for ingerie trade shows
CALENDAR
NETWORK EXPRESS
EVENT
PROFILE
BUSINESS NEWS - Simone Pérèle, Wolf
- Maglificio Ripa, Solstiss, Tailor
- LYCRA, Eurojersey, Piave Maitex
- Noyon, Muehlmeier
- Swiss Embroiderers, Ricamificio Paolo, Carvico
FABRIC TRENDS

INTIMA ASIA – 03/2009