Export Rebounding of Textile Garments to Come Out in the Second Quarter
The export of textile garments created a big shock in March. The month export amount decreased first time in four years and the export value failed to reach USD 10 billion within one year, which is in sharp contrast with the Explosive growth of February.
The reasons for the decreasing are as follows: 1. Hysteresis of Spring Festival Effect. The month of spring festival should be the off season for export, but it increased unusually in February and went back down till March; 2. Higher labor turnover after spring festival emerged and underemployment was very serious; 3. The lower down of export rebating rate of textiles was functioned and export was influenced to a certain degree.
Above-mentioned reasons have a certain periodicity and timeliness, which cannot affect the export of textile garments for a long time. From the transaction of the Spring Fair this year, the export in February will rebound and keep a steady increase.