â—† Index introduction
Keqiao Textile Index of China is a complete index system consisting of price index, Boom Index and Foreign Trade Index, which reflects the present and future of China Light Textile City and the light textile industry in Shaoxing. It consists of a number of sub-indexes:
Textile Price Index: Based on scientific commodity categorization, select the representative products and gather the data on their trade prices, volumes and amount, which reflects the price change of textile products in the light textile market.
Textile Boom index: Based on scientific commodity categorization, create an integrated index system (including a number of indexes reflecting the market size, profitability, confidence of the operators, the current status of the industry and the future trend). According to overall assessment theory and methodology, build up an integrated index representing the light textile market in China and the textile industry in Shaoxing, calculated by a multilayer and multi-structure embedded statistics model. It compromises Textile Market Boom Index and Textile Industry Boom Index.
Textile Foreign Trade Index: Covering the main textile exporters in Shaoxing, collect the price, trade volume and profitability information on a number of export categorizes, reflecting the foreign trade situation of Keqiao Textile Market. It consists of Textile Foreign Trade Price Index and Textile Foreign Trade Boon Index.
â—† Keqiao textile index of China System
Keqiao Textile Index of China includes three parts, that is, Textile Price Index, Textile Boom Index and Textile Foreign Trade Index, which jointly reflect the light textile market in China and the textile industry in Shaoxing. See the index composition diagram below:
â—† China textile city textile classification system and representative commodity
â—Ž Textile Categorization System in China Light Textile City
Keqiao Textile Index of China covers 6 fabric wholesale markets and Qianqing Raw Material Wholesale Market in Keqiao Light Textile City, and a number of textile producers and foreign traders in Shaoxing. The Textile Price Index covers raw materials, grey cloth, clothes fabrics, home furnishing fabrics and clothes accessories. Based on international and domestic textile categorization rules, the concerned products are classified by raw material, use and the features of Keqiao Light Textile Market. Today, it includes 5 main categories 35 sub-categories and 288 classes. The categorization not only represents the common features of the products in existing textile markets in China, but also features a category named “Fashion Fabrics”, highlighting the leadership of China Light Textile City in the oriental fashion trend.
â—Ž Representative Products
The calculation of textile price index must be based on the standard descriptions in the market, with detailed technical specifications, long market cycle, large trade volume, price fluctuation, great market influence and representing the category. Nearly 1,000 representative products were selected.
â—† The Release Of Index
â—Ž The Index Chinese Web: http://www.kqindex.gov.cn/
In order to improve the international influence of Keqiao Textile Index of China, fully and widely deliver tetile trends and guide the international textile business and trade practices, the Index Preparation Office decided to introduce an English version of the website. Simplified and fashionable, the English version will retain the comments of the current Chinese issue, alert and forecast, index knowledge and other contents, along with Company Profile of Light Textile City and video of Light Textile City overview.
â—Ž The Index English Web: http://en.kqindex.gov.cn/
Since June 2008, based on various comments and advices, the Index Preparation Office Information Team has summarized and integrated the feedbacks and added new models, in order to become more user friendly, expand the appeal more operators. The columns include Invited Experts, Expert Comments, Alert & Forecast, Price Trend, Best Sellers and Operator Ads.
â—† Publication Effect Survey
Starting in December 2007, Textile Index Effect Survey focused on three levels of government, businesses and operators and distributed nearly 500 questionnaires. 80% of the respondents thought the index announcement created positive impact on the market:
The indexes are highly accurate and reflect the present status and future trend of the textile industry.
With reference value, both businesses and operators believe the indexes offer guidance to their operations and development.
The indexes appeal popularity. 50% of the buyers across the world are paying attention to Keqiao Index.
The indexes are accepted by the public. Most of the respondents comment and concern Keqiao Index in their daily life.
â—† Memorabilia about Keqiao Textile Index of China
â–½ 2007.10 Keqiao Textile Index of China officially launched to the world
â–½ 2007.11 The Ministry of Commerce of China offers real-time announcement of textile index information via “usiness Forecast” and Ifeng Satellite TV Information Channel, along with the simultaneous updates in China Textile News, Textile & Fashion Weekly and Wenwei News
â–½ 2007.12 The first textile replacement and store expansion completed successfully
â–½ 2008.2 Random survey on the effect of Keqiao Textile Index of China
â–½ 2008.2 Together with Donghua University, researched on the tetile categorization and descriptions in China Light Textile City
â–½ 2008.3 Invited 6 experts and professors into the Preparation & Launch Expert Team of Keqiao Textile Index of China
â–½ 2008.3 General survey on stores and textile products across China Light Textile City
â–½ 2008.4 Completed the second textile replacement, store expansion and boom index weight alignment
â–½ 2008.6 Renovation of Chinese website
â–½ 2008.8 Setup and launch of English version
