China's textile and apparel exports face 'significant growth pressure' this year after shrinking 6.8% year-on-year to $67.2 billion in the first quarter, with shipments to major markets including the U.S. and EU tumbling, said an industry group. Chinese manufacturers exported some $32.1 billion of textiles in the first quarter, a year-on-year slump of 12.1%, whereas apparel exports dipped 1.3% to $35.2 billion, data from the China Chamber of Commerce for Import and Export of Textiles (CCCT) show.

https://www.caixinglobal.com/2023-05-03/chinas-garment-industry-under-pressure-as-western-imports-tumble-102041998.html

#caixinglobal