According
to the Industry Operation Forecast of the Fist
Quarter in 2002 newly released by the Bureau of
Economic Operation of State Economic and Trade
Commission, China’s textile sector in the
first quarter of 2002 is under severe circumstances.
During the interim period, the country’s
textile sector is able to enlarge export by
way of “integrated proportion”,
“extra growth-rate” and “flexible
terms”, and meanwhile, the decrease of
raw material prices and tariff will help textile
enterprises to lower production cost. China’s
textile sector, as a whole, is to run better
than the previous year in 2002, but to face
difficult situation in the first quarter. On
the basis of a survey to some major textile
export enterprises, the number of export orders
in the first quarter is about 5-10% lower than
the same period last year, and the prices are
to encounter a decrease of 10-15%. Textiles
and garments export is valued at 11 bln US dollars,
slightly lower than the same period last year.