In 2007, China's Textile And Apparel Exports Reached US$171.17 Billion, Up 16.5%...

In 2007, China's Textile And Apparel Exports Reached US$171.17 Billion, Up 16.5% Year On Year

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c88675) has announced the
addition of "China Cotton & Cotton Seed Industry Report, 2007-2008" to
their offering.

In 2007, China launched a series of policies, including subsidy to
high quality cotton seed and policy insurance and according to the
""Eleventh Five-Year Plan"" (2006-2010), China plans to pick up the
construction of high-quality cotton production base in Xinjiang Uygur
Autonomous Region by investing CNY750 million, all of which have
greatly enhanced the enthusiasm of farmers to plant cotton. Statistics
from the National Bureau of Statistics show that China's total cotton
planting area reached 5.59 million hectares in 2007, up 3.3% year on
year, and cotton output in the year reached 7.6 million tons, up 12.6%
against the previous year.

In 2007, China imported 2.46 million tons of cotton, down 32.5%
against the previous year, which was caused mainly by the following
three factors.

1) A rise in cotton output at home

2) A slowdown in the growth of China's textile and apparel
exports. In 2007, China's textile and apparel exports reached
US$171.17 billion, up 16.5% year on year, but 8.5 percentage points
lower than a year ago.

3) An increase in prices of imported cotton. In 2007, the average
price of imported cotton in China was US$1,415 per ton, up 5.6% year
on year, due to the impact of several factors, including U.S.
cancellation of subsidies to cotton export, anticipated reduction of
cotton output in international market and price hikes in global
agricultural products.

Statistics from the National Bureau of Statistics show that in
2007, China's total spinning output produced by companies above
designated size (company with an annual sales revenue over CNY5
million) reached 19.94 million tons, up 14.6% year on year, or an
addition of 2.54 million tons. Based on the calculation by cotton
spinning ratio of 55%, the lowest one regarded by the industry,
China's cotton consumption in the year would likely be 10.96 million
tons and the gap would likely be around one million tons.

Based on the authoritative and abundant information from the
National Bureau of Statistics, the China Cotton Association and the
General Administration of Customs of China, this report makes an
in-depth study on the market status, main policies, supply & demand
and key companies of cotton industry and forecasts the supply and
demand as well as the development trend of cotton and its seed
industry in the period of October, 2007 to September, 2008.

Companies Mentioned:

-- Zhongmian Seeds Changjiang Co. Ltd.

-- Gansu Dunhuang Seed Co.

-- China National Seed Group Corp.

-- Xinjiang Tarim River Seed Co.

-- Beijing Origin Seed Technology Inc.

-- Sichuan Guohao Seed Co.Ltd

-- Huaxi Seed of China Xinjiang

-- Deneng Zhengcheng Seed Co.

For more information, visit
here

Research and Markets
Laura Wood
Fax: +353 1 4100 980
press@researchandmarkets.com

Copyright Business Wire 2008