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Article: China's textile exports growth rate to slump to 15 per cent.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- March 13, 2006
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China's textile exports growth rate to slump to 15 per cent
Beijing, Mar 13 (PTI) China, the global textile giant, today forecast that its export growth will plunge to 15 per cent compared to last year's 20.7 per cent due to restrictions imposed by key markets, the United States and EU.
The growth rate of China's textile exports is expected to fall from last year's 20.7 per cent increase to around 15 per cent this year, the State Development and Reform Commission (SDRC) said.
The SDRC forecast the total industrial output value of China's key textile enterprises will grow by about 20 per cent in 2006, a decrease of six percentage points from the ...