Textile & Apparel Industry Posts Better-than-expected Exports for Q1

Price rise serves the major factor stimulating the exports growth of the Chinese textile industry,which reported a better-than-expected export value of $49.866 billion for the first three months of this year,up 23.68% y/y.Meanwhile,Chinese textile industry is still exposed to various problems.An unrelenting rise in the cost of raw materials and labor as well as appreciating yuan will further slash the marginal profitability of textile makers.