Tianjin Sees Notable Rise in Textile Exports

Some 185 million US dollars worth of textile fabrics were exported from north China's largest port city during the first two months of the year, a 21.8 percent rise year-on-year.

Some 69.7 percent of the total, or 129 million dollars worth, were exported by state-owned enterprises, up 17.9 percent from a year earlier.

Overseas-funded enterprises accounted for 12.8 percent of the exports, with collectively-owned businesses holding 8.1 percent and private ones occupying 5.1 percent.

During the two-month period, general textile exports reached 145 million dollars, up 29.5 percent from the 2002 level, with the exports of textiles produced with supplied materials rising 40.3 percent to 9.19 million dollars and those with imported materials declining 11.4 percent to 28.08 million dollars.

A vast 28.64 million dollars of the exports went to the United States, up 7 percent, with exports to the Republic of Korea rising3.6 percent to 23.4 million dollars, to Hong Kong soaring 45 percent to 19.28 million dollars, and to Japan and Germany climbing 40 percent and 49.5 percent respectively to 17.3 million dollars and 5.47 million dollars.

Insiders attributed the sharp rise in the overseas textile shipment to the gradual lifting of the country's textile export quota in the wake of its accession to the World Trade Organization in late 2001. (Xinhuanet)