CHINA: China Registers Increase in Textile Exports
China's textile and garment exports witnessed a 15.4 per cent jump in first five months of the current year over corresponding time period last year, country's Customs administration said. The country exported textiles and garments worth $66.16 billion during the January-May period this year, it said. The textile…
Egytex News Desk
Egytex
The textile export growth rate was higher than the level for the whole of last year but for garments, it was nine percentage points lower than a year earlier.
In May, the garment exports increased by a record-low rate of 1.08 per cent to $8.59 billion. The slowdown was caused by a weak demand abroad coupled with the appreciation of Chinese currency and higher production cost. The weak demand had dealt a blow to the cotton sector in China, which imported 2,40,200 tonnes of cotton in May, a decline of 23,200 tonnes or 8.81 per cent, from the earlier months.
Source: Yarnsandfibres.com
From the Egytex news archive, first published on 17 June 2008. Figures and names are as reported at the time.
