The Decline Of Pakistan'S Textile Exports Has Great Influence On The Market.

According to the latest statistics of Ba statistics, in the first 9 months of this fiscal year (March July 2015 -2016), the export volume of textile exports from the first largest exporter of Pakistan was 9 billion 400 million US dollars, down 11.6% from the same period last year.

In addition to towels and

Exports rose by 0.21% and 4.2% respectively, while exports of other textile products fell across the board.

Among them, the export of raw cotton decreased by 46.79% to 75 million 300 thousand packages, the export of cotton yarn decreased by 32.45% to US $990 million, cotton cloth decreased by 10.14% to 1 billion 700 million US dollars, and bedding decreased by 6.25% to 1 billion 500 million dollars.

Exports fell 5.5% to 1 billion 700 million dollars.

On the import side, the import volume of US $32 billion 500 million in the first three quarters of this fiscal year decreased by 4.22% compared with the same period last year.

The main reason is the decline of crude oil and food prices in the international market, of which only oil

One fell by 37.24% to 5 billion 580 million dollars, a decrease of 3 billion 300 million US dollars compared with the same period last year.

Ministry of Commerce officials attributed the decline in textile exports to cotton production and the slowdown in China's economy. It is said that the cotton output of the cotton producing quarter cotton is likely to be 35% lower than that of the 15 million 490 thousand package due to the negative effects of extreme weather, pests and diseases and price declines.

Mainly by the decline in textile exports, the first three quarters of this fiscal year, the total export value of US $15 billion 600 million, down 12.92% compared with the same period last year.

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Since the beginning of the year, the Chinese government has adopted a series of effective measures including steady growth and structural adjustment, including capacity reduction and tax reduction.

In its outlook report, IMF explained why China's economic growth is expected to rise: This is a reaction to China's announced economic adjustment policy.

The report points out: "China's economy is shifting from investment driven to consumer driven.

As China moves to capacity and inventory, industrial growth will further decline, while the service sector is expected to maintain steady growth.

MauriceObstfeld, chief economist of IMF, chief executive of the report, said in an interview: "the short-term expectation for China is due to our confidence in the Chinese government.

We believe that the Chinese government will have a corresponding policy to ensure that the growth rate reached 6.5%, the growth rate between 6.5%-7% is also the goal set by the Chinese government for itself.

Since April, Morgan chase, Credit Suisse, Goldman Sachs, HSBC and other financial institutions have also raised their expectations for China's economic growth.

In April 9th, Tao Dong, the managing director of Credit Suisse, told the media: "for China's economy, Credit Suisse has raised the growth rate of the second quarter of the Chinese economy and the growth rate this year, because China's policy is stable, and the exchange rate and the real estate market will also be more stable.