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CHINA'S TEXTILE INDUSTRY FACES MIXED FUTURE.
Publication: AsiaPulse News Publication Date: 03-NOV-03 |
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COPYRIGHT 2003 Asia Pulse Pty Ltd
BEIJING, Nov 3 Asia Pulse - Although the growth of China's textile industry is likely to slow down in the second half of this year, it is still estimated to run at 10 per cent and above for the whole year as the world economy recovers and China's economy enters a new cycle of rapid development.
A recent circular issued by five Chinese government departments called on cotton trading and textile enterprises to correctly size up the situation of the cotton market and try to keep reasonable the purchasing prices of cotton and maintain the normal order of cotton purchasing.
Cotton prices have kept on rising on the world market since the second half of 2002. The present domestic prices in China are more than 50 per cent higher...
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