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Decline in clothing exports growth rate narrower than overall shipments
09
Nov '09
According to the latest data from the Ministry of Commerce, export decline of clothing and other labor-intensive industries were obviously smaller than overall decline of general exports due to policies and measures of raising export tax rebate rate.

In the first three quarters, apparel exports reached US $78.5 billion, down 10.2 percent year on year; textile exports registered $43.1 billion, down 13.7 percent year on year and footwear exports fetched $20.9 billion, down 5.6 percent year on year.

In early days of the current year, export declines of electro-mechanical and high-tech products were larger, but with gradual stabilization of international demand and support from export credit insurance and an increase in credit facilities, export decrease gradually narrowed.

Fibre2fashion News Desk - China

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