Page 12 - September-October-2020

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Fighting COVID-19

China in Action

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China’s recent growth momentum is tightly linked to billion dollars, while garment exports dropped 22.8
massive local engagement of the international percent to 38.21 billion dollars.
clothing industry. Due to comparably low labor
costs, reduced commercial barriers and better In May alone, led by the export of face masks, textile
information flows, China still presents one of the exports came in at 20.65 billion dollars, up 77.3
most attractive destinations for clothing percent from a year ago, MIIT data showed.
manufacturing.
China exported more than 70.6 billion masks and
China's textile and garment exports in the first five 340 million protective suits from March to May,
months of the year totaled 96.16 billion U.S. dollars, according to a white paper titled "Fighting
down 1.17 percent year on year, official data showed. COVID-19: China in Action.”

The decrease narrowed by 8.8 percentage points Despite a stable growth of China’s clothing industry,
from the figure in the January-April period, according several challenges for the sector have emerged on
to the Ministry of Industry and Information the horizon. In order to cope with the changes, an
Technology (MIIT). increasing number of Chinese textile enterprises
have turned their focus to upgrading their industrial
From January to May, the country's textile exports infrastructure and modernizing their production
climbed 21.3 percent year on year to total 57.95 processes.

September/October 2020