Growth in Chinese textiles slows but sales still hit record highs

May 2007
WSA: Performance & Sports Materials;May/Jun2007, Vol. 13 Issue 3, p3
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.


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