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Chinanews, Beijing, Feb. 9 – China’s huge trade surplus in recent years has exposed it to great pressure from international media. As a result, Chinese textile industry, which usually contributes to 15% of Chinese export, has landed in an even more critical situation in its export. In 2006, sales of Chinese textiles accounted for 73% of industrial sales value in China. Domestic market became the main market for Chinese textiles, Chinese officials said on Wednesday.
In 2006, China exported 147.1 billion US dollars worth of clothes, 25% more than the previous year. Calculated by export delivery value, the sales of clothes still accounted for 73.1% of the domestic industrial sales value. Last year, developed countries created many trade frictions1 and used anti-dumping methods to reduce the export of Chinese textiles. As a result, many orders from Europe and the United States flowed to Southeast Asian countries, seriously affecting the export of Chinese textiles in these regions. Despite frequent trade frictions, Chinese textile industry still managed to raise its profit margin2 last year. By the end of 2006, the gross industrial output of Chinese textile industry reached 2.5 trillion yuan.
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