Imports of cotton dip as textiles struggle
By Zhong Nan | China Daily | Updated: 2015-02-17 07:29
Cotton imports slid 44.9 percent year-on-year to 161,200 metric tons in January, highlighting the challenges that domestic textile manufacturers face in a weak world market, said trade experts.
He Jingtong, a professor of international trade at Nankai University in Tianjin, said that slack global market conditions have hit China's labor-intensive industries, especially garment and textile production, as well as shoes, toys and furniture.
All these exports slumped in January, underscoring the nation's fast-fading advantage in some of the sectors it once dominated.
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