Textiles and apparel sectors realized a trade surplus of $49.973 billion, a climb of 17.39 percent year-on-year, accounting for 58 percent of the national trade surplus over the same period last year. This represented a drop of 68 percentage points from growth rate of the corresponding period last year.
Looking to the future, low prices cannot anymore sustain the competitive market. Hence, China's textile industry needs to be more aggressive through gradual self-transformation and industrial upgradation.
Fibre2fashion News Desk - China
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