China's textile, apparel industry expects profits surge in 2007
Thursday, 2 August 2007
BEIJING, August 1 (CEIS): Profits of China's textile and apparel industry will grow 35 per cent year-on-year to 112.5 billion yuan (14.8 billion US dollars) in 2007, China National Textile and Apparel Council (CNTAC) announced yesterday.
The CNTAC predicted the total output of the industry would rise 20 per cent on last year to 3.02 trillion yuan (397.4 billion US dollars) this year.
The council predicted that yarn production would rise 20 per cent, fabric production would increase 12 per cent, chemical fiber up 13 per cent and clothing up 14 per cent in the second half.
It also forecast foreign sales of textiles and apparel would amount to 170.5 billion yuan (22.4 billion US dollars) this year, up 16 per cent on last year.
The CNTAC predicted the total output of the industry would rise 20 per cent on last year to 3.02 trillion yuan (397.4 billion US dollars) this year.
The council predicted that yarn production would rise 20 per cent, fabric production would increase 12 per cent, chemical fiber up 13 per cent and clothing up 14 per cent in the second half.
It also forecast foreign sales of textiles and apparel would amount to 170.5 billion yuan (22.4 billion US dollars) this year, up 16 per cent on last year.