Textile And Garment Industry: Textile Exports Continued To Grow In May

Core view

Affected by foreign epidemic situation, textile exports continued to grow in May, and garment exports declined. According to the data released by the General Administration of customs, the export value of textile yarn, fabrics and products / clothing and accessories in May 2020 was 206.49/89.06 billion dollars, respectively, and the year-on-year change was + 77.34%/-26.93%, the growth rate was +73.79 /-26.93pct respectively. In the 4-5 month, the export growth of textile, clothing, fabrics and products was mainly related to the increased demand for foreign materials such as masks and other anti epidemic materials. The export of clothing and accessories exports declined year-on-year, which is mainly related to the continuing downturn in demand in major international consumer markets.

The official website of the China Federation of Commerce consortium has issued a draft of live broadcast of electricity providers. In June 6th, the official website of the China Federation of Commerce consortium issued the opinions and notices on the group standards for the basic norms of video live shopping operations and services. The following requirements for the anchor are as follows: first, it is required to register after registration and obtain relevant qualification certificates; two, it is not possible to induce consumers with false language; the three is to comply with the relevant provisions of the advertising law. In addition, cosmetics, pharmaceuticals, health products and other categories are also required by the competent authorities for approval batch number, date of manufacture, shelf life and so on. According to the leader of the standard working group, the formal specification will be implemented in July. It is expected that the introduction of the first electricity supplier will promote more standardized management of the direct seeding industry.

Recommended targets: three main lines of recommendation for clothing home textiles: (1) the popular brand of "high performance price ratio + low line upgrading": recommended red bean shares, and Gao Jingqi; (2) high and medium end brands of "stable demand + multi brand operation": recommend jorice and Ann fashion; (3) subdivision plate brand of "Gao Jingqi + + excellent pattern": recommend Semir dress, Shanghai Jahwa and love baby room. Textile manufacturing recommends Baron East and Jen Sheng group.