Chinese textile sales total US$408 billion in 2005

1 February 2006

Beijing, China, 01 Feb – Sales of Chinese textiles in 2005 totaled US$408 billion, representing a rise of 115.7 percent against 2001, officials in Beijing said.

According to the National Commission for Development and Reform, the Chinese textile industry is competitive on the international market because of its restructuring and industrial modernization. Just in clothing exports accounted of US$116 billion in 2005.

China’s large textile companies posted revenue increase of US$60.7 billion, or an increase of 119.1 percent in relation to 2001. Between 2001 and 2005, these companies doubled their profits despite trade disputes, fuel price increases and the revaluation of China’s currency.

The National Commission also said that the textile sector employed 19 million people, 70 percent of which were from rural areas. (macauhub)