China : Chinese textile export crossing over barriers likely to rise

BEIJING: Chinese textile export is likely to rise by 19 percent this year despite US and EU restrictions.

China's National Textile and Apparel Council told that textile export this year was expected to reach $116 billion, which was at $97 billion previous year.

The Council said that growth in export as compared to previous year would be a little less, but the barriers put forth by US and EU would not bear out any significant impact.

Chinese textile exports witnessed a significant 40 percent rise during the first eight months of current year, while the developing countries including Pakistan suffered a fall in their textile exports, as China has devoured Pakistan and other developing countries' market share also under the WTO quota-free regime.

Geo.tv