Three quarters of clothing export growth slow down or

 July 12, 2010, General Administration of Customs released the latest data, 1-June export textile and garment exports 88.878 billion U.S. dollars total, an increase of 22.04%, of which textile exports 35.652 billion U.S. dollars, an increase of 32.31%, clothing and accessories exports $ 53,226,000,000, an increase of 16.02%.
6 single month, textile and garment exports 21.062 billion U.S. dollars, an increase of 56.22%, of which textile exports $ 6,595,000,000, an increase of 31.06%, apparel exports 14.467 billion U.S. dollars, year on year growth of 71.21%.
Comments:
1,6 industry exports in January two months before the rally continued trend of steady growth. The basic trend in the medium-term strategy in line with our expectations raised, specific judgments based on the following : overseas demand pick up in the second quarter of China's textile and clothing products, the main driving force of export growth. from the United States, Europe and other major textile and apparel consumer market situation, the second quarter in a strong recovery in the U.S. state of the economy, employment and consumer credit are restored to normal levels, upgrading of consumer demand has shifted from the Government to stimulate endogenous growth, which for the second quarter of China's textile and garment export provide strong support;
the euro zone, although subjected to the debt crisis, but China's textile and clothing exports to the impact is not, there are some negative effects of lag.
from the monthly data, according to our estimates, the June growth rate of textile exports has declined year on year, an increase over May by about 10 percentage points, while clothing exports year on year growth since 2009 is the first time since the third quarter more than textiles, reaching 71.21%. We think this was mainly due to the upstream raw materials and textile products, price increases have begun to penetrate to the lower reaches, the prices of clothing and apparel exports to enhance driving a substantial increase.
2, increased uncertainty about the late, the industry or the third quarter export growth to fall. for the following reasons: 1) the euro area lags the debt crisis, trade in textile and garment export to China or will impact third and fourth quarter show .2) the implementation of the new system to force the reform on the RMB against the U.S. dollar short-term trend of showing appreciation. Since the new system to change the reference to a basket of currencies on the dynamic adjustment of RMB exchange rate fluctuations, which means that the euro against the U.S. dollar over recent or a rebound, to make the yuan against the U.S. There is some appreciation of the appropriate, taking into account China's textile and apparel exports of about 80% of the share are in U.S. dollars, it is affected by the recent appreciation of the renminbi and the debt crisis of the superposition of the lag effect of export growth in three sectors the fourth quarter, will slow down or .3) the pressure of developed countries despite the high unemployment rate eased, but still high, the consumer is still some constraints of the full restoration of .4) economic crisis and raw material prices and labor rising costs, leading to overseas customers sensitive to price fluctuations on exports, once the product prices continued to rise, the industry will face export orders for the transfer of risk; 5) post-amplification effect of weakening the financial crisis, high growth rate will slow down.
3, considering the above reasons, the maintenance of the industry cards, maintaining the company