China: Textiles Generate 99% of Trade Surplus

According to Chinese customs statistics, China's textile trade for 2005 showed that exports were US$117.5 billion, up 21% from the preceding year and imports were US$17 billion, up 2%. The textile trade surplus was US$100.4 billion, up 27% from the year-ago level and exceeded US$100 billion for the first time. The greatest contributing factor is a sharp rise in exports; a …