China has world's most competitive textile industry
Source: By People's Daily Online Date: 2010-12-08
A research report recently released by the China Customs Magazine under the General Customs Administration shows that although China experienced adverse effects from the international financial crisis, the competitive advantages of China's textile industry exports have been further enhanced.
According to the survey, the evaluation index of the global competitiveness of China's textile industry stood at more than 102.8 in 2009, making China the most competitive country worldwide in the textile industry.
Statistics from the General Customs Administration show that China's textile export amounts decreased 9 percent in 2009 compared with that of 2008. This figure is 7 percentage points less than the overall average decline rate of China's total exports. Therefore, the textile industry has become one of the Chinese industries that are most capable to do a good job in risks.
In the first 10 months of 2010, China exported a total of more than 62.6 billion U.S. dollars worth of textile yarns, fabrics and textile products, an increase of more than 29 percent compared with the same period of 2009, and exported a total of 105 billion U.S. dollars' worth of clothes, an increase of nearly 20 percent.
