Domestic consumption bright spot for Chinas textile and apparel industry in 2010

In 2009, China's growth of national textile and apparel sales reached 20 percent, so that by 2010, domestic consumption has already become the bright spot in the expectation of China's textile and apparel industry.

The textile and garment industry will be an important industry to livelihood for a long period of time; huge consumption of 1.3 billion populations decides that domestic consumption must rely on China's textile industry. Fiber consumption among three major areas (clothing, decorative goods and industrial products) accounts for 15 percent of China's industrial textiles, while the rate in Japan, Europe, North America and other developed countries and regions has already exceeded 30 percent.

In 2009 China's per capita fiber consumption was 14.6 kilograms, 34 percent higher than the world average, but still significantly legging behind developed countries, as per capita fiber consumption in North America was more than 38 kilograms, and 19.8 kilograms in China's neighbor, Thailand.

The development of China's textile industry faces geographical imbalance between urban and rural areas. In 2009, per capita expenditure of China's urban residents on clothing was 1042 Yuan, while per capita expenditure of rural residents on clothing was 193.4 Yuan; the former was 5.39 times that of the latter. Textile and apparel consumption in rural market will become a powerful driving force to expand domestic market of textiles.

At present, China accounts for 25 percent of global luxury goods market, for the first time surpassing the United States as the world's second largest consumer of luxury goods.

In the new year, China's textile industry will see vitality in times of difficulty through its own structure adjustment of product and market development.