Profits of China's textile and apparel industry will grow 35
percent year-on-year to 112.5 billion yuan (US$14.8 billion) in
2007, China National Textile and Apparel Council (CNTAC) announced
on Tuesday.
The CNTAC predicted the total output of the industry would rise
20 percent on last year to 3.02 trillion yuan (US$397.4 billion)
this year.
The council predicted that yarn production would rise 20
percent, fabric production would increase 12 percent, chemical
fiber up 13 percent and clothing up 14 percent in the second
half.
It also forecast foreign sales of textiles and apparel would
amount to 170.5 billion yuan (US$22.4 billion) this year, up 16
percent on last year.
(Xinhua News Agency August 1, 2007)
