综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Half of cotton firms want to quit amid rising costs

(Xinhua)
Updated: 2008-04-02 15:11

BEIJING  -- Rising costs and an appreciation of the yuan currency are squeezing Chinese cotton textile companies, making nearly half of them wanting to quit, a new industry survey reveals.

The survey, conducted by the China Cotton Textile Association, covered cotton textile companies in 17 provinces. In total, 49.2 percent of the companies surveyed said they wanted to quit and restart in other businesses.

About 27.3 percent said the pressure they felt from the yuan appreciation had become unbearable, while 44.4 percent started selling some export-oriented products on the domestic market.

The companies also cut investment in cotton textiles by an average of 15.5 percent last year because of the yuan appreciation, lowered tax rebates and soaring costs in both labor and raw materials.

The companies said they made more investment in the real estate sector, equity markets and other businesses.

A recent survey by the China National Textile and Apparel Council showed the industry's profit margins averaged 3.9 percent last year. Two-thirds of the companies surveyed reported an average profit margin of only 0.62 percent.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
英德市| 永康市| 石河子市| 城固县| 宁海县| 长岭县| 密云县| 东台市| 徐州市| 炉霍县| 友谊县| 汉源县| 永安市| 石门县| 裕民县| 乐至县| 独山县| 清徐县| 富宁县| 神木县| 兴仁县| 柳林县| 扶余县| 石林| 石林| 无棣县| 醴陵市| 祁东县| 梅河口市| 牡丹江市| 且末县| 堆龙德庆县| 宕昌县| 长顺县| 安泽县| 安庆市| 新邵县| 潮州市| 永城市| 池州市| 全南县|