Chinese Apparel Exports on High Growth Trajectory

Chinas apparel exports have hit new records during the past months. Drastic growth in the countrys economic conditions and Government support has bestowed China to become a dominant player in the global textile arena. Exports of textile and apparels from China constitute an important segment of the developed and developing economies of various countries. Internal and external markets, increasing income of the people, a positive transformation in the living standards of the people have all provided good opportunities for the industry to prosper.



Export values of textile and apparel products from the Southern coastal Guangdong Province grew by 6.3% year on year to reach USD 2.36 billion. With the changing business scenario, many foreign companies are now entering the Chinese market through global sourcing. The duty drawback is offered to offset the incidence of customs duty, service tax, and central excise duty on export items. This duty given to the Chinese apparel exporters were revised five times from 11% to 17%.