CHINESE|ENGLISH

Textile Sector Profits Up 50 Percent for Jan – May Period(07/04/2007)

Updated: 7/4/2007 2:47:00 PM

China’s textile and spinning sector notched up profits of 10.43 billion yuan (US 1.4 billion dollars) for January through May, a respectable 50 percent rise in sales from the same period a year ago. Figures provided by China’s National Bureau of Statistics (NBS) reveal a gross return of 291.75 billion yuan, which was up 26 percent year-on-year. Gross assets held by the sector totaled 535.71 billion yuan, up 17.77 percent.

Source:xinhua

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS

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