Growth of exports in steady decline
The growth of exports from China's labor-intensive industries is slowing, and the trend is set to continue, the Ministry of Commerce said yesterday.
In the first quarter of the year, the value of clothing exports rose 14.7 percent, less than the 17.6 percent growth reported for the same period of last year, the ministry said in a report. Similarly, the value of shoe exports rose 11.2 percent (compared with 16.7 percent last year) and toy exports grew 3.3 percent (down from 29.9 percent).
Total foreign trade was $570 billion in the first quarter, up 24.6 percent on the same period of last year, the report said.
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