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Related Keywords: Chinese economy, Chinese exports, competitive pressure, driven by higer export rebate, European market, eurozone exports, export of both textile and clothing, high value added exports, mitigated by euro deflation, nearly doubled, price advantage

The price advantages of Chinese exports to the European market have been mitigated by the euro deflation. The weak euro will also spur eurozone exports to other markets, adding competitive pressure to China's high value-added exports.

The pressure is on Chinese exports as the euro sinks against the yuan, said Ministry of Commerce spokesman Shen Danyang on Tuesday.

The yuan was up 10.8% against the euro until March 13, when the euro devalued 13.2% against the US dollar.

Related Keywords: American economy picksup, Chinese exports, Cotton Association of India, domestic cotton supplies, Indian textile and garment export, labour rnrestl Safety of Bangladeshi factory, OTEXA

India’s textile and garment exports strong performance this year was a reflection of a combination of global factors — a steady improvement in demand as the American economy picks up, a progressive decline in Chinese exports to major markets such as the US, currency appreciation in Indonesia, labour unrest in Asian competitor Cambodia and safety concerns after a major factory fire in Bangladesh last year.

Related Keywords: Chinese exports, Indian textile and apparel exports, labour unrest in Asian competitor, Make in India, OTEXA, readymade garments, US market

Indian textile and apparel exports to US have risen nearly 7 per cent during January-August 2014, according to the US Department of Commerce’s Office of Textiles and Apparel (OTEXA) data, compared with an average 2 per cent annual growth in the last five years.

The Centre’s ‘Make in India’ pitch seems to have already found resonance in the country’s textile and garment industry, with India’s exports to its largest single market, the US, headed for a record surge this year.