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Relying on the researches on enterprises, China Dyeing and Printing Association  works out the industry performance in the first five months this year. According to the results, painting & dyeing firms are fighting for their survival in 2008 with yuan appreciation, rising costs and dismal overseas market hit by the subprime crisis.

Production

From January to May, China��s painting & dyeing production rose 7.2 percent from a year earlier to 18.777 billion metres, but that was 1.94 percentage points less than the growth rate during the same five-month period last year. Zhejiang, Jiangsu, Shandong, Guangdong and Fujian are the biggest production area, accounting for 90.88 percent (17.064 billion metres) of China��s total production (See table1).

Table 1. Poduction of China��s Painting & Dyeing by Region (January to May of 2008)

Exports

From January to May, China��s painting & dyeing exports volume rose 12.65 percent from a year earlier to 4.815 billion metres, and that was 13 percentage points higher than the growth rate during the same five-month period last year; Exports value rose 22.04 percent from a year earlier to 4.525 billion USD, and that was 14.87 percentage points higher than the growth rate during the same period last year; The average export unit price rose 8.33 percent to 0.94 USD/metre (See table 2 and 3).

Table 2. China��s Painting & Dyeing Exports by Category (January to May of 2008)

Table 3. China��s Painting & Dyeing Exports by Country or Region (January to May of 2008)

Imports

From January to May, China��s imports volume of top six painting & dyeing products decreased 15.52 percent from a year earlier to 0.892 billion metres; Imports value decreased 4.97 percent from a year earlier to 1.280 billion USD; And the average import unit price rose 12.49 percent to 1.44 USD/metre (See table 4).

Table 4. China��s Painting & Dyeing Imports by Category (January to May of 2008)

Benefits

According to statistics from China Dyeing and Printing Association, the gross production value of painting & dyeing amounted to 79.860 billion yuan (among statistical sample enterprises) from January to May, 13.52 % higher than the same period of last year, and that was 1 percentage points higher than the growth rate during the same five-month period last year; The sales of painting & dyeing from January to May rose 14.00 percent to about 77.729 billion yuan and that was 1.65 percentage points higher than the growth rate during the same period last year; The profits of painting & dyeing industry rose by 10.69% to 2.101 billion yuan compared to the year before and that was 7.19 percentage points lower than the growth rate during the same period last year