Mumbai: China has reported a $105 billion surplus
in its textile trade in the first ten months of the
current year with exports worth $120 billion and imports
worth $14.6 billion.
While exports for the 10-month period rose 23.94 per
cent year-on-year, imports of textiles and clothing
rose by 5.66 per cent, latest customs statistics showed.
value terms, China''s export of textile and clothing
products rose 17.67 per cent from a year-ago period
to $135 billion, accounting for 9.48 per cent of the
country''s total trade.
EU was the top importer of China-made textile and clothing
products followed by Hong Kong, the US and Japan.
saw imports of China-made textile and clothing products
rise 30.55 per cent, to $29.9 billion, over the same
time period. Import from the EU reached $18.71 billion,
with a year-on-year growth of 15.32 per cent, news agency
of China-made textiles and clothing products by Asian
countries were valued at $57.8 billion, showing a year-on-year
growth of 21.48 per cent during the period.
export of textile and clothing to the US rose 12.55
per cent to $16.97 billion.
imported $17 million worth of textiles and clothing
from Canada in the first ten months, a sharp rise of
70 per cent. During the period, its import from Turkey
grew by 40 per cent year-on-year.
China, meanwhile, proposed to hold its first strategic
economic dialogue with the US from December 14 to 15
to enhance mutual understanding and cooperation between
the two countries.
vice premier Wu Yi and US treasury secretary Henry Paulson,
both special envoys of the two heads of states, will
co-chair the dialogue, the Chinese foreign ministry