New Delhi : Textile exports are looking up as the rupee depreciates and the Chinese textile industry is hit by internal regulatory pressures.

 

 

Textile export for 2007-08 have reached $20.5 billion, up 9.4 per cent from 2006-07. This is despite exports growing only 1.49 per cent between April and October 2007. The situation, however, improved radically in the later half of the fiscal, owing largely to Chinese problems and hedging by local exporters. Under international pressure, China is tightening its labour laws.

 

It is also reducing subsidies to meet global trade norms. “ China's pain is proving to be India's gain," Confederation of Indian Textile Industry secretary general D K Nair said.

 

 

In fact, China has started witnessing a negative export growth to US, the same situation that India was facing last year. According to data available with the trade associations, China's textile export to US witnessed a 4.5 per cent decline in the first three months of 2008 while India's export saw a growth of 5 per cent.

 

 

Vietnam is the only country that has registered an export growth to US more than that of India. The grim picture of China's textile industry is evident from the fact that over two-thirds of companies have witnessed a profitability of 1 per cent or less in the recent months, according to a survey, Mr Nair said.

 

 

According to another survey, 45 per cent of the textile exporters in China wanted to quit their profession under the changed circumstances.

Though appreciation of rupee by 15 per cent against the dollar since October 2006 and a perceptible slowdown of the economy were the main reasons hurting the Indian textile industry, other internal problems added to the problem.

 

 

Source: Economic Times

 

what's wrong with it ? maybe , maybe . but as a chinese i hope it 's not ............

Quoting from [sunbetty]:

what's wrong with it ? maybe , maybe . but as a chinese i hope it 's not ............

Don't worry, Frank is trying to balance something that possiblely we all overlook and too much concentrate from our own points of view and angel too.
Also I am inviting more people to discuss the culture difference bwteeen two countries.

Quoting from [Leosun]:

Quoting from [sunbetty]:

what's wrong with it ? maybe , maybe . but as a chinese i hope it 's not ............

Don't worry, Frank is trying to balance something that possiblely we all overlook and too much concentrate from our own points of view and angel too.

Also I am inviting more people to discuss the culture difference bwteeen two countries.

Well done Leo for understanding my post. If I can give you 50 MVP points, I would..

And for the rest of the contributor, take it easy, learn or teach, let there be harmony, no one here should bear the pain of someone gain.

Quoting from [rgs_frankyeo]:

Quoting from [Leosun]:

Quoting from [sunbetty]:

what's wrong with it ? maybe , maybe . but as a chinese i hope it 's not ............

Don't worry, Frank is trying to balance something that possiblely we all overlook and too much concentrate from our own points of view and angel too.


Also I am inviting more people to discuss the culture difference bwteeen two countries.

Well done Leo for understanding my post. If I can give you 50 MVP points, I would..

And for the rest of the contributor, take it easy, learn or teach, let there be harmony, no one here should bear the pain of someone gain.

Thanks for the interesting post. I guess that this is more of a temporary disbalance. Sooner or later the two countries will find their niche.


But then again competition is good for the customer!

Quoting from [andyserd]:


Thanks for the interesting post. I guess that this is more of a temporary disbalance. Sooner or later the two countries will find their niche.



But then again competition is good for the customer!

I agree, some and other don't and perhaps will never.

It is true, when companies and nationals create/have policies that allows them to avail of better rate options due to many factors involved, a smart buyer / customer, is the one who will and should take advantage of the situation.

 China and India are both countries PLAYING in the international arena and both - regardless of their political paths, are answerable to global politics.

Alibaba, as a Chinese company is also anwerable to global players and studies like X's gain is Y's loss are always going to come across, either passively, or subtlely.  I do not think Mr. Nair was wrong in making comparisons like that - you find that happening almost every day in almost every corner of the world.  Mr. Thomas must understand that the first lesson in any democracy, is the self realisation and not just pushing bad news under the carpet.   China must learn to take criticism and learn (AS ALWAYS) to do better than their competitors.

Besides, China's Pain is India's Gain is not a big deal. Tomorrow, India's pain will be Africa's gain !!! You never know which country / region will benefit from geo-political changes 50 - 100 years on.

Don't be so petty !

Cheers

Prasad

 

 

Quoting from [ps_patil]:

 China and India are both countries PLAYING in the international arena and both - regardless of their political paths, are answerable to global politics.

Alibaba, as a Chinese company is also anwerable to global players and studies like X's gain is Y's loss are always going to come across, either passively, or subtlely.  I do not think Mr. Nair was wrong in making comparisons like that - you find that happening almost every day in almost every corner of the world.  Mr. Thomas must understand that the first lesson in any democracy, is the self realisation and not just pushing bad news under the carpet.   China must learn to take criticism and learn (AS ALWAYS) to do better than their competitors.

Besides, China's Pain is India's Gain is not a big deal. Tomorrow, India's pain will be Africa's gain !!! You never know which country / region will benefit from geo-political changes 50 - 100 years on.

Don't be so petty !

Cheers

Prasad

 

 

Dear Prasad,

When I saw you replied "China must learn to take criticism " , I can tell immediately in our culture from 5 thousands years ago till now, it promotes the practices and understanding the mistakes we make and accept other people comment and critcism, but not to deny and reject. Therefore, you can find there are all various schools and studies about these in our Chinese culture. Like the Budda says" without loss first, you will not gain later" To gain is not necessary to have at other's pain. Can gain both. Or we call "sacrifice" to accept the pain and let the other people gain.

what internal regulatory problems?  are Chinese textile prices increasing?  where does India stand with respect to China regarding prices

Quoting from [suraaj]:


what internal regulatory problems? are Chinese textile prices increasing? where does India stand with respect to China regarding prices

Implementing international labour laws,issues related to min. salary, working hours, medical facilities, child labour etc..etc.. rising yuan, shortage of cotton.

India still stands nowhere!!