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Article: China: 5% Growth Forecast for Silk & Fabric Exports
- Article from:
- Asian Textile Business
- Article date:
- May 1, 2004
- Author:
CopyrightCopyright Osaka Senken Ltd. May 2004. Provided by ProQuest LLC. (Hide copyright information)
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Since 1998, there has been a progressive increase in China's exports of silk and its fabrics, especially during the last two years.
It is expected that this year, silk and fabric exports would still increase by more than 5%, although it seems to be difficult to achieve the surprising growth as the previous year.
According to Chen Yiqing, an expert in silk trading and also former vice-general manager of the China National Silk Import & Export Corporation, favorable factors supporting exports are as follows:
Firstly, the world's economy is recovering at a quicker rate. The world's economy is expected to grow by over 4% in 2004, while global trade is to rise by 6-8%, according to the ...