According to the State Economic
and Trade Commission, China’s textile
industry made good achievement in first half
of this year.
According to statistics, the total value of
exports of the textile industry grew by 10.4
percentage points monthly during the first two
months of the year, 12.0 points in March, 14.1
points in April, and 15.5 points and 16.7 points
in June and July. The total exports reached
449 billion yuan, up 13.3 percentage points
over the same period last year.
The exported chemical fibers reached 4.62 million
tons, up 22.9 points, cotton yarn 3.73 million
tons, up 12.3 points, fabrics 10.5 billion metres,
up 9.8 points, silk 38,000 tons, up 22.8 points,
silk fabric 2.4 billion metres, up 12.8 points,
and garment 4 billion pieces, up 9.0 points.
The total exports of textiles and garment reached
US$ 2.622 billion, up 6.9 points.
However, as the prices kept falling, profits
gained by chemical fiber manufacturers dropped
by 110 million yuan in the first half.