CHINA: Clothing, Textile Exports Top $50bn
Clothing and textile exports from China soared more than 14 per cent in the first 10 months of this year to over $50 billion as manufacturers reaped the rewards of World Trade Organisation membership, an industry boss revealed on Tuesday. Textile Industry Association president Du Yuzhou said foreign firms were flocking to take advantage of his country's low labour costs and decent administrative structure and he expects that flood of orders to continue as the industry's reputation continues to grow.
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