The analysis of economic performance of China��s textile machinery industry during the first five months of the year 2008

This analysis is based on data from 966 textile machinery and accessories manufacturers in China. 

Benefits down evidently

According to official data, during the first five months of the year 2008, gross industrial output value of China��s textile machinery industry was 21.895 billion yuan, 0.61 percentage point lower than the previous year; its revenue was 21.103 billion yuan, 0.45 % lower than the previous year; and its profit was 0.909 billion yuan, 18.96 lower than the previous year (or 0.213 billion yuan).

Export and import grew slowly

According to official data compiled by China National Textile and Apparel Council (CNTAC), during the first five months of the year 2008, China's total imports and exports of textile machinery was 2.652 bilion USD, 4.67 percentage point higher than the previous year. Its imports rose by 3.95 percent to 1.984 billion USD; Its exports rose by 6.90 percent to 0.667 billion USD.

Import grew slowly

See table below.

Unit: 100 million