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| China’s total textile and apparel exports reached US$67.46 billion in the first eight months of 2009, down 10.4% than a year ago |
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The Chinese Customs announced the textile and apparel exports dropped, but less than national average in the first eight months of 2009. China’s total textile and apparel exports reached US$67.46 billion, down 10.4% than a year ago. Exports of textile yarns and textile products were US$37.43 billion, representing a 14.9% drop from last year.
The weaker export performance in China was mainly due to a diminished consumer demand for textile and apparel goods in North America and the European Union, following the global financial crisis that broke out last September.
Ministry of Industry and Information Technology of China announced that production of yarns, fabrics, apparel and chemical fibers by sizable enterprises (with an annual operating revenue of at least RMB5 million) increased 10%, 1.1%, 4.8% and 11.8% respectively in the first seven months of 2009, compared to the same period of last year.
Projects investing fixed asset more than RMB5 million reached RMB162.5 billion in the January-July period this year, up 5.9% from last year, but the growth rate was 7.2 percentage points lower than that of 2008. The number of new projects climbed 20.1% year-on-year to 4,557.
China’s consumer price index (CPI) was 97.6 (-2.4% y-o-y) in July, while the producer price index (PPI) was 99.4 (-0.6% y-o-y).
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