Growth of China's Textile, Clothing Exports Slows Down

    The export value rose 10.1 percent to 16.06 billion U.S. dollars in December after it recorded a decline in February and June due mainly to weak demand upon the financial crisis.

    The export recovery has begun since the second half of last year, when China readjusted the export tax rebates upward, foreign exchange rate of its currency remained stable and production cost fell, the customs administration said.

    The total export value for the whole year included 119.79 billion U.S. dollars in sales of garments and accessories, up 4.1 percent, and 65.31 billion dollars in sales of yarn, fabrics and textile products, up 16.6 percent.