BEIJING: China''s textile and garment exports witnessed a 15.4 per cent jump in first five months of the current year over corresponding time period last year, country''s Customs administration said.
The country exported textiles and garments worth $66.16 billion during the January-May period this year, it said. The textile exports at $26.07 billion recorded a 26.3 per cent rise while garments and accessories at $40.09 billion showed a 9.3 per cent increase, the General Administration of Customs said.
The textile export growth rate was higher than the level for the whole of last year but for garments, it was nine percentage points lower than a year earlier, state-run Xinhua news agency said quoting customs sources.
In May, the garment exports increased by a record-low rate of 1.08 per cent to $8.59 billion, it said.
The slowdown was caused by a weak demand abroad coupled with the appreciation of Chinese currency and higher production cost, it said.
The weak demand had dealt a blow to the cotton sector in China, which imported 2,40,200 tonnes of cotton in May, a decline of 23,200 tonnes or 8.81 per cent, from the earlier months. - PTI
source: cnga.org.cn
