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Exports of textiles firm, garment falters
30 Oct '08
1 min read
In the first 9 months of 2008, China's exports of textile and garment amounted to US $136.94 billion, a year-on-year increase of 8.12 percent, showing a single-digit growth consecutively for the last four months.
Of this, textile growth registered 21.34 percent, but growth rate of apparel exports was only 1.76 percent, realizing a single-digit growth in the last six months due to a decline in demand.
China, since the beginning of 2008 has been seeing a steep fall in its shipemnts of clothing. This country has been swamping the world with its mass manufactured garments for many years.
Of this, textile growth registered 21.34 percent, but growth rate of apparel exports was only 1.76 percent, realizing a single-digit growth in the last six months due to a decline in demand.
China, since the beginning of 2008 has been seeing a steep fall in its shipemnts of clothing. This country has been swamping the world with its mass manufactured garments for many years.
Fibre2fashion News Desk - China
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