| China Textile and Garment Market Report
China's textile industry
maintained more than 20% growth in both output value and sales revenue in the
first nine months of 2006. Large textile and garment enterprises realized sales
revenue of RMB1, 725.8 billion, the delivery value for export was RMB475.3
billion, industrial added value was RMB465.3 billion, and profits were RMB60.1
billion, rising 22.69%, 15.29%, and 23.69% and 32.11% year on year
respectively. In particular, the growth of efficiency was a highlighter, and
the growth of profits of the textile industry ranked among the first among
various industrial sectors in the country. Cotton textile placed first in the
growth, with the profit increasing 43.23% in January-September. Chemical fibre
production stopped making losses and made profits amounting to RMB5.125
billion, rising 38.20% year on year.
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