CHINA: Textile exports to grow 15-20% in 2007, says official
Chinese textile exports will grow 15-20% in 2007, said Sun Jiwen, deputy director of the Foreign Trade Department of the Ministry of Commerce.
Despite this, a stronger renminbi and increasing raw material costs could be problematic for the industry, he was reported by China Daily as saying to the China Textile Round Table Forum in Beijing.
The industry reportedly exported goods totalling US$174bn during 2006, marking 25% growth from the year before.
The stability of the world economy and domestic income are both helping the industry retain its strength, Sun said.
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