China’s export of textile and garments has reportedly seen a 3.7 per cent fall from September to May.
China Customs attributed the decline to the rapidly appreciating yuan,
increasing labour cost as well as the cut in export tax relief and the
global economic slowdown. Textile and garment exports were worth
USD66.2 bn in 2006 but the growth rate dropped 0.2 per cent in 2007,
putting much strain on exporters, encouraging a move to the western and
central parts of the country where production costs are generally
lower, China Daily reports.
The textile and garment export in the central regions such as Henan,
Hunan and Sichuan rose 30 per cent during the first five months,
becoming more appealing to local textile and garment companies.
News & Interviews 
(0 vote)
