Textile industry forecast to have double-digit growth
(Xinhua)Updated: 2007-03-25 11:54
China's textile industry will grow by more than 15 percent in terms of output value, profits and exports year-on-year in 2007, forecast experts with the National Development and Reform Commission (NDRC).
 A textile factory in Nantong, Jiangsu Province. China's textile industry will grow by more than 15 percent in terms of output value, profits and exports year-on-year in 2007. [newsphoto] |
With technological innovation and optimization of industrial structure, Chinese textile enterprises have improved their ability to compete on the world market, according to a study by the NDRC experts.
Chinese textile enterprises recorded a total output value of 2.46 trillion yuan (307.7 billion U.S. dollars) in 2006, a rise of 21.3 percent from a year earlier. Their profits hit 88.3 billion yuan, up 28 percent.
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