CHINA: Export Targets Set For 2005
China's textile industry has set a target of increasing textile output value by 6.5 per cent annually to reach a target of 1,100bn yuan ($132.9bn) by the year 2005.
Under the new targets the exchange earnings from exports should increase from around $50bn in 2000 up to $65bn in 2005. Increased use and advances in the technology sector of the industry will contribute to most of the extra output.
To achieve the targets set for 2005 there will be tighter controls placed on the output of cotton and wool textiles, silks and chemical fibres.
Figures will also be boosted by the increase in export of high added value products and changes in the proportion of chemical fabrics and decorative and industrial textiles.
Officials will also alter the country's export system to bring it into line with other international export system.
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