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Home >> Business
UPDATED: 16:04, December 13, 2004
China textile exports develop
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Three years after China's entry into the World Trade Organization and the country's quality of textile exports continues to improve.

Meanwhile, profits are also on the rise. Beginning January 1, global textile markets will operate under a zero tariff regime.

In the first ten months of this year, production in China's textile industry rose by 25 percent. And exports of textile products and clothing increased 15 percent.

According to the China Textile Economy Research Center, this improvement is the result of free markets and reform in the industry.

Sun Huaibing, vice director of China Textile Economy Research Center, said, "During the past three years, production has increased. But the biggest changes have been restructuring the industry and upgrading equipment."

On Sunday, a spokesman for China's Ministry of Commerce said the government would act to ensure the development of the domestic textile industry.

The spokesman also said China will adopt a range of measures after textile integration in 2005. These include imposing export duties on certain products; discouraging irrational or over-investment; promoting order and self-discipline in the industry, including the adoption of new standards, and encouraging Chinese enterprises to expand overseas and to establish recognizable brands.

Source: CCTV.com


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