French media: China’s textile exports decline

The French “Tribune” stated that China’s domestic consumption is continuing to develop and the government has restarted investment in infrastructure. However, China’s exports are slowing down, mainly in textiles. In the first nine months of 2008, exports increased by 1.8%, compared with the same period in 2007. twenty three%. Reports say that many textile factories in China have been closed and a large number of workers have been laid off, especially in the coastal areas of Guangdong.