CHINA: China's Textile Exports Grow Faster
China saw quicker growth in textile exports but slower rise in foreign sales of garments in the first five months of this year. Between January and May, China exported 66.16 billion U.S. dollars worth of textiles and garments, a growth of 15.4 percent on the same period of last year. The total included 26.07 billion…
Egytex News Desk
Egytex
Industry insiders accredited the substantial slowdown to weak demand abroad, expedited appreciation of Chinese currency and higher production cost.
They added that the weak demand had affected cotton sector in China. The country imported 240,200 tons of cotton in May, a decrease of 23,200 tons, or 8.81 percent, from the previous months.
Source: Xinhua
From the Egytex news archive, first published on 15 June 2008. Figures and names are as reported at the time.
