Textile Industry to See Slow Growth Analysis of industrial production activities in the first four months

Textile industry, a major driver of the Chinese economy, has fallen victim to the global credit crisis and weaker demand. In the first two months, the output, sale, investment and export of textile industry grew at a slower pace than last year. But things began to pick up after that as the economy slowly begins to recover since March. Signif icant gains at that time will be hard to come by, and won’t be nearly enough to prevent other sizeable slippage in overall textile and apparel activity.