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Textile output grows but exports shrink
05
Jun '08
In April 2008, the production of oil and other energy products showed faster growth, while the production growth rate of major raw materials speeded up in the first quarter. Machinery industry maintained rapid growth. However, export growth of textile and light industries fell below 10 percent.

Production of textiles and light industries achieved rapid growth, but export growth rates fell.

In April, added value of textile sector grew 12.5 percent from the same time last year, down 0.3 percentage points from the increase of the first quarter. Export delivery value only gained 5.9 percent, down 5.2 percentage points.

Yarn and cloth production surged 13.1 percent and 7.2 percent, chemical fiber output promoted 12 percent and clothing output rose 8.7 percent.

Domestic cotton price dropped slightly. At the end of the month, domestic cotton price index (328) fell to 13,795 yuan per ton, down 28 yuan compared with the end of the previous month, but showing a year-on-year climb of 6.3 percent.

From January to April, added value of textile industry grew 12.7 percent, a year-on-year drop of 4.5 percent. Export delivery value scored 224.4 billion yuan, marking a jump of 8.9 percent, yet a decline of 6.9 percentage points in increase from the same time last year.

Yarn output registered 6.41 million tons and cloth yield achieved 16.5 billion meters, up 11.4 percent and 9.3 percent, respectively. Chemical fiber output recorded 7.95 million tons, up 8.6 percent and garment production fetched 5.99 billion pieces, augmenting 8 percent.

Fibre2fashion News Desk - China

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