Government plan supports stable growth of textile sector

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Source: CCTV.com | 02-05-2009 14:47

Chinese textile industry insiders say a government support plan will help them maintain steady growth during the global financial crisis.

Chinese textile industry insiders say a government support  plan will help them maintain steady growth during the global  financial crisis.

Experts estimate that nearly 50-thousand Chinese textile enterprises will benefit from boosting export rebates and the credit support included in the plan.

The textile industry is recognized as China's largest contributor to the goods trade surplus. The support plan will also play a crucial role in stabilizing the country's exports.

Du Yuzhou, president of China Textile Association, said, "The textile industry made up over 80 percent of China's trade surplus between 2001 and 2008. It has therefore contributed greatly to maintaining and developing our national economic strength. Under a series of support measures, stable development for the industry can be achieved this year. And domestic demand is a crucial driving force."

Editor:Liu Anqi