China Weights 24% in World Textile Trade

The recent World Trade Report from the WTO stated that China now takes 24% of the world textile and garment trade. The report also said that although the withdrawal of quotas has created a fairer trade environment, there's been a slow down in some developed countries economic growth and those countries currencies have been unstable. Those factors have contributed to a small jump of 5% in the world textile and garment trade in 2005, and China's textile and garment exports increased by 21% ag…