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Leather bags production lowers in Q1

30
May '08
In the first quarter of 2008, above-scale luggage enterprises of China achieved a total industrial output value of 15.6 billion yuan, a year-on-year increase of 21 percent, two percentage points slow in growth.

Production of natural leather bags registered 170 million pieces, down 2 percent from the same time last year.

During the period, China's exports of travel goods and luggage marked US $2.65 billion, a rise of 22 percent from the same time last year, although there was two percentage points of slowdown in growth.

Imports registered $120 million, a surge of 70 percent with 38 percentage points faster in growth rate, as compared to the same time of 2007.

Fibre2fashion News Desk - China


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