China Textile "Going Our"——Egypt, Opporthity for China Textile

The global financial crisis has made a huge impact on China export-based enterprises,among which the first affected industry was textile industry.According to the latest reports from China Ministry of Industry and Information Technology (MIIT) issued in November 2008,revealed that profits for the textile industry in China that had increased 36.9% in 2007,and decreased by 0.7% for the same period in 2008.This amounted in a total loss of RMB 22.13 billion,an increase of 97.7%,with the scope of loss reaching up to 20.4%.