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China textile exports slow down

Written By Views maker on September 12, 2008 | 9/12/2008

China continued to see a slowdown in export of textiles and garments in the first eight months of this year, due largely to weak demand resulting from economic downturn in the euro zone and the United States Between January and August, China sold abroad 118.94 billion U.S. dollars worth of textile products and clothes, a growth of 9.15 percent on the same period of last year.

    The textile export value was 43.915 billion U.S. dollars, up 22.4 percent, while the clothing export value was 75.025 billion dollars, up 2.6 percent. The growth rates were nine percentage points and 19.7 percentage points, respectively, lower than the year-earlier level.

    In August when foreign sales of garments usually peaked, the country exported 12.54 billion U.S. dollars worth of garments and accessories, down 0.95 percent from the same month of last year.