Xinhua net. Compared to last year,a lot companies closed done because of export declining, it seems encouraging that the textile industry is recovering. Chinese big textile companies have made a profit of 43.248 billion Yuan during the early five months this year. The total profits of March, April and May has increased by 5.06% compared to last year.
“This is result from the government stimulate package, and it also thanks to the swift policy adjustment of textile industry.” Zhang Yankai, vice president of Chinese Textile Industry Association said, “looking for new business opportunities in domestic market is the way to get out of this cold situation, and in some big textile companies, the percentage of domestic sales has increased to 80%.”(Freedom)
