According to the latest statistics released by the General Administration of Customs, from January to October, China's total export value of textile yarns, fabrics and products reached 87.759 billion U.S. dollars, up 11.0% over the same period of last year. The accumulated value of exported apparel and accessories was 145.801 billion yuan US dollar, an increase of 11.5%. Equipment manufacturers on the textile and garment industry pick up the most direct feeling. ZT Sewing Machine Co., Ltd., the world's largest manufacturer of industrial sewing machines, announced in Beijing yesterday exclusive sponsorship of the 10th to 15th annual "Chinese Apparel Brands Annual Awards." Cai Kaijian, chairman of Zhongjie Holding Group, told Beijing Morning Post that as the textile and apparel industry started to pick up, the sales of this year's equipment in China and Czech Republic have been very steady and there was no inventory until the third quarter. "Apparel companies are a barometer of China's economy and in 2007 and 2011 there was a slump in sales in the Czech Republic and the worst was the 20% decline in sales of Zhong Jie shares, but this year's products sold exceptionally well." In the first three quarters of this year, the company achieved operating income of 899 million yuan, an increase of 27%; net profit attributable to shareholders of the parent company 260300 yuan, an increase of 108%. Full-time vice president of China National Garment Association Feng Dehu told Beijing Morning Post that this year's high inventories in the apparel industry have improved. "As far as I know, the inventories of most enterprises are better than last year." Industry analysts pointed out that textile and apparel A very important cyclical industry. As the global economic environment gradually rebounds, the overall textile and apparel market will gradually pick up. Although the export of textile products showed signs of significant recovery this year, it is still facing the pressure of rising raw material and labor costs and the rapid appreciation of the Renminbi affecting the export profits of the textile industry. Feng Dehu told reporters that textile and garment enterprises are accelerating the transformation, in addition to improving product added value, but also the factory to relatively low labor costs in the Midwest cities and Southeast Asia, "so far there are a thousand Chinese companies set up factories in Southeast Asia Because these countries not only have low labor costs but also are exempt from export tariffs on exports to Europe and the United States. "
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