TITLE

Growth in Chinese textiles slows but sales still hit record highs

PUB. DATE
May 2007
SOURCE
WSA: Performance & Sports Materials;May/Jun2007, Vol. 13 Issue 3, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the slow down in the growth rate of the sales of Chinese textiles in 2006. The Chinese textile sales declined almost 20% due to a higher valued Chinese currency, a reduction in export tax rebates and higher labor costs. Textile companies reported sales of yuan 2.42 trillion in 2006, 21.33% higher than in 2006, but five percentage points lower than the growth rate in 2005.
ACCESSION #
26392300

 

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