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Textile trade goes up

30
Jun '06
Wool, cotton and clothing have a major say in the development of Chinese textile industry.

This year wool spinning, cotton spinning and clothing trade, all registered a 68, 52 and 31 percent rise, respectively.

Textile sector investments during the first quarter also witnessed increase, and this has pushed export value of textile by about 22 percent.

Even though the export volume to the EU and the US has gone down, profits remained unaffected as prices were up around 24 percent.

Fibre2fashion News Desk - China


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