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Recovery noticeable in Chinese textile sector
02
Nov '09
China's economy has picked up momentum and gradually increased amid stabilization since the third quarter and overall situation seems positive and production of textile industry continues to grow.

From January to September, national yarn output reached 17.238 million tons, an increase of 10.4 percent year on year. In September, textile enterprises entered the peak of the production season due to which order position improved.

In September, the decline in China's foreign trade narrowed significantly, exports of textiles and garment picked up once again, year-on-year negative growth fell to single digits and a growth was visible on a month-on-month comparison.

Fibre2fashion News Desk

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