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China's textile industry achieved nearly 6 trillion yuan of production output value in 2012

China's textile industry achieved nearly 6 trillion yuan of production output value in 2012 Source:
Date: 08-03-2013
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China's textile industry faced a cold winter in 2012, as there were many uncertain factors, such as poor global economic situation and external environment in 2012, as well as weakened domestic demand. But even in such an environment, overall production output value of China's textile industry also reached nearly 6 trillion Yuan in 2012; average profit margin of the industry was 7 percent, which was relatively a high figure in history.
Specifically, profit margins of all the major industries achieved significant rise, except chemical fiber industry. But export situation of products was not very optimistic; the textile industry realized an export value of about US $250 billion in 2012, which pulled back China's exports, which had never appeared in history.
Analysis of the industry say that the reasons for the situation, on one hand, was contributed to weakened external economic environment, on the other hand, was the larger impact of China's current cotton circulation system on exports of cotton products.
It is reported that market sales of China's textile functional textiles exceeded 300 billion Yuan in 2012.
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