In August, the total retail sales of consumer goods totaled 3,357.1 billion yuan, up 0.5 percent year on year, the first positive growth since this year. Among them, the retail sales of consumer goods excluding automobiles totaled 3,015.8 billion yuan, down 0.6 percent.
From Janua
In the first seven months of 2020, China surpassed the United States for the first time to become the EU’s largest trading partner. From January to July, EU imports from China increased by 4.9% year-on-year, imports from the United States fell 11.7%, exports to China fell 1.8%, and expor
Intertextile Shanghai 2020 (Autumn) successfully concluded at the National Exhibition and Convention Center on August 24 - 26. During the 3-day exhibition, nearly a thousand preferred home textile brands, 20+ design forum lectures, and many crossover buyers gathered in Shanghai.
The next Heimtextil has been postponed from January and will now be held concurrently with Techtextil and Texprocess 2021 in Frankfurt from May 47, 2021. This will result in exciting synergistic effects for the sector.
The current situation with respect to the corona pandem
The year 2020 keeps on giving, and the cotton textiles sector is not immune to multiple pressures.
This year started with lingering trade tensions between China and the United States – two leading producers of cotton. Tensions between the countries still continue at a bigger
Trade data
In July, the total import and export value of national trade in goods was USD 412.93 billion, an increase of 3.4% year-on-year (the same below), of which exports were USD 237.63 billion, an increase of 7.2%, and imports were USD 175.3 billion, a decrease of 1.