China - Home Textile Industry in Period of Robust Growth

China's ten major home textile production bases present a sound performance in 2007, with total profits hitting 7.632 billion yuan (US$1.077 billion), rising 25.17 per cent over the previous year, and according to the China Home Textile Association.

The ten home textile production bases generated 152.136 billion yuan of industrial output value, an increase of 21.07 per cent year on year.

China's domestic demand for home textile products expanded last year, while growth of export slowed down. The country's export value of home textile products dropped four percentage points last year as compared with the growth in the previous year, but is up more than 16 percentage points from that of 2005.

Stimulated by strong demand on the domestic market, the output value of the home textile industry still achieved more than 20 per cent growth in 2007.

Source: Asia Pulse