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Textile and garment industry: Retail sales of textile and garment increased by 8.3% year on year

The Shenwan Textile and apparel index fell 4.29 per cent last week, outperforming the Shanghai Composite index by 2.54 percentage points and ranking 23rd among the 28 primary sector indexes. Taiping Bird, Jujie Micro fiber, Mengjie shares rose before. Retail sales of clothing, shoes, hats and needles textiles by companies above the quota rose 8.3% year on year, up 4.1 PCT from August, according to the Statistics Bureau's Zero data for September released last week.

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Sales peak season national textile and garment professional market boom overall good

The prosperity monitoring results of the circulation branch of China Textile Industry Federation show that in October 2020, the prosperity index of the managers of the professional textile and garment market in China was 50.75, down 2.37 percentage points from 53.12 in September. The professional market business sentiment index was 51.22, down

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Analysis of the development status of China's luxury goods industry in 2020

Chinese consumers are one of the main drivers of the global luxury goods market, accounting for an increasing share of the global market, reaching 35 percent in 2019, with luxury goods consumption worth about 98.4 billion euros. The mainland luxury goods market continued its strong performance of the past few years in 2019, with overall sales rising 26% to 30 billion euros. From the perspective of the penetration rate of different categories of luxury goods among consumers, the penetration rate of ready-to-wear is slightly ahead

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Analysis of the economic operation of the textile and garment industry in 2020 to promote the transformation and upgrading of the industry

The upstream industry of China's garment and textile industry chain is the textile raw material supplier such as natural fiber supplier and chemical fiber supplier. The middle reaches of the industrial chain are dominated by garment and textile enterprises. Downstream of the industrial chain are garment enterprises and consumers. Garment enterprises further process the textiles produced in the middle reaches into garment finished products and sell them to consumers.

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Textile and garment industry: Textile and garment demand continues to recover

The Shenwan Textile and apparel index fell 3.98 per cent last week, outperforming the Shanghai Composite index by 2.35 percentage points and ranking 25th among the 28 primary industry indexes. Societe Generale technology, Noble shares, Hongda high-tech gains top. In the short term, the epidemic situation in China is well under control, foreign orders are transferred to China, and the domestic textile and apparel industry welcomes the peak season for sales.

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