Chinese Textiles Banking on a Global Economic Recovery

摘要

At press time in late August, the market finally seems to be heading to a positive direction. After many years of slow economic activity, recent reports coming from the United States show that the retail sector and consumer confidence in one of the world's biggest markets is on the rise. Coupled with the recent flurry of purchases in Asia, these are the long-awaited signals of positive change for the global textile market. Given the importance of the textile industry to China -not only in terms of its exports and overall economy, but also to the social stability it provides by supporting millions of people - the early signs of a global economic recovery are very welcome news.