Jan.-July growth in China textile output shrinks to single digit
25/8/2008 16:54
The rate of growth in the output of major textile enterprises slowed
sharply, to single-digit levels in some cases, in the first seven months of
2008, the China National Textile and Apparel Council said today.
The council
said the deceleration reflected slowing textile exports and a cooling global
economy.
From January to July, chemical fiber production rose 4.76 percent
from a year earlier, but that was 13.23 percentage points less than the growth
rate during the same seven-month period last year, the lowest growth rate since
March 2006.
Yarn production grew 10.78 percent during the period, but that
was 9.41 percentage points less than a year earlier.
The output growth of the
cloth and garment sectors fell 7.45 and 7.92 percentage points, respectively,
from year-earlier rates of 13.9 percent and 14.1 percent.
Xinhua
|
