“Exports rose to US$14.5bn in the month, with textile exports up 24.8% to $6.4bn and garment exports rising 10.6% to $8.2bn, the General Administration of Customs said .
“This is a rise of 31.8% on the $11bn of exports booked in March .
“For the first four months of this year, China’s textile and garment shipments grew 15.6% year-on-year to $53.8bn .
“Textile exports from January to April rose 26.1% to $21.6bn, while garment exports climbed 9.5% to $32.2bn .
“Chinese export figures are helped by the ongoing global economic recovery, as well as comparisons with last year’s weak figures when US and EU retailers reined in their inventories .
“Companies are, however, keeping a wary eye on the debt crisis that has embroiled countries in Europe such as Greece, Ireland, Spain and Portugal .
“Rising costs of labour and raw materials are another concern, with the China National Textile and Apparel Council noting that average salaries had risen by 10-30% since last year, while the price of cotton rose by 14% per ton from January to May. .
Date:6/17/2010
Source:www.ccfgroup.com