Overview of the economic performance in China's textile industry for the first quarter

According to the official data released by the Ministry of Industry and Information Technology(MIIT) on May 5th, the textile industry met with the growth decline almost across the board with the industrial value-added output drop by 4.4 percent as against the corresponding period last year while the other important indicators were also seen in the downtrend as is in the case of the business income that fell by 7.3 percent even though it reaped 1.0991 trillion Yuan,