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Transactions at Canton Textile Fair up from last session
04
Nov '11
The 110th Canton Textile Fair has entered its fourth day. Latest statistics of China Textile Association show that textile and apparel business registered total trade turnover of US $1.5 billion in the first three days, representing an increase of 11.52 percent compared with the same time of previous session, and up 6.15 percent from last Autumn Fair.

Transactions with the European market reached US $580 million, up 2.21 percent from the previous session; transactions with US buyers marked US $250 million, an increase of 39 percent from the previous session and those with the Japanese touched US $88 million, a rise of 13 percent from the previous session.

The textile association says that the world economy has not come out of the financial crisis, European credit crisis continues to worsen and at the same time costs of business operations are rising.

Fibre2fashion News Desk - China

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