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Chinese textile & garment exports put up poor show in Nov
27 Dec '11
1 min read
Affected by factors like, weak external demand and rising costs, China's textile and garment exports registered US $20.39 billion in November, up just 7.2 percent year on year.
The growth rate fell 29 percentage points from the same time last year.
November was the first month in the current year in which, textile and apparel export growth rate slipped below double digits. Even the overall Chinese export growth rate posted 13.8 percent in the same month.
With the New Year just around the corner, the situation of China's textile and garment exports seems grim.
Industry analysts say that growth rate is expected to drop further in December and are pessimistic of a rebound in textile and clothing exports in the short-term.
The growth rate fell 29 percentage points from the same time last year.
November was the first month in the current year in which, textile and apparel export growth rate slipped below double digits. Even the overall Chinese export growth rate posted 13.8 percent in the same month.
With the New Year just around the corner, the situation of China's textile and garment exports seems grim.
Industry analysts say that growth rate is expected to drop further in December and are pessimistic of a rebound in textile and clothing exports in the short-term.
Fibre2fashion News Desk - China
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