Textile Industry In Jiangsu Will Remain Low In The First Half Of The Year

In the first quarter of this year, the textile industry in Jiangsu is facing multiple pressures, such as the acceleration of RMB appreciation, the reduction of export tax rebate rate, the spread of the US subprime mortgage crisis, the increase of production factor prices and the rise of labor costs. The growth rate of production and efficiency has slowed down and export growth has rebounded. In the first half of the year, the textile industry economy in the whole province will remain low in the first half of the year, under the influence of global economic slowdown, uncertain factors and tight macroeconomic regulation and control policies. //cn.d