Textile export to grow 19 percent in 2005
2/12/2005 17:02
Despite increasing international trade disputes, China's textile exports
are expected to grow 19.21 percent year on year to US$116 billion this
year.
The China National Textile and Apparel Council made the prediction on
Friday. China's textile export last year totaled US$97.3 billion.
The council
attributed the textile export growth mainly to increased investment in fixed
asset and technological innovation that has enhanced the competitiveness of
Chinese companies.
Official statistics show in the first ten months this
year, sales revenue and output of large-sized Chinese textile enterprises grew
26.33 and 26.28 percent year on year respectively.
Xinhua news
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