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Ex-factory price of apparels up
01
Feb '11
In the fourth quarter of 2010, ex-factory price of China's apparel industry rose 2.1 percent from the same period of the previous year, the growth rate slightly accelerated by 0.8 percentage points from the previous quarter.

In the period under consideration, the accounts receivable of China's apparel industry were 96.05 billion Yuan, up 18.0 percent year on year and growth accelerated by 3.6 percentage points compared with the previous quarter.

Turnover days of accounts receivable of China's apparel industry decreased from 24.7 days of the previous quarter to 23.3 days in the fourth quarter, indicating that liquidity in the whole industry enhanced significantly.

Fibre2fashion News Desk - China

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