In the first quarter of this year, Shishi’s exports of textiles and garments were up 36.6 per cent year-on-year.
Shishi is a textile industrial cluster in southeast China. In the first quarter of this year, industrial value added of enterprises above a designated size was up 7.2 per cent year-on-year, one percentage point higher than the level in January to February; sales revenue was up 8.4 per cent with the production to marketing ratio up to 99 per cent. The textile and garment industry’s sales revenue was up 9.6 per cent year-on-year, accounting for 50 per cent of total industrial sales revenue.
To satisfy the needs of the EU and US markets, local textile enterprises have developed a number of new products such as corn fiber fabric, carbon fiber fabric and Taiji stone fiber fabric. In the past, locally-made textiles and garments were mainly low-end products. Now the situation has significantly improved thanks to the increasing share of medium- and high-end products in total production.
In the first quarter of this year, Shishi's exports of textiles and garments to markets along the Belt and Road accounted for 45.8 per cent of the total, rising from 38.6 per cent of last year.