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 DEVELOPMENT OF CHINA'S INDUSTRY |
| In 2007, China¡¯s textile industry maintained a relatively fast developing-speed as a whole, showing a good development trend, with the increasing rate of output, major business income, total profit, sales gross profit rate and sales net profit rate exceeding what most insiders expected. |
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| STATUS OF FOREIGN INVESTMENT |
| According to the statistics of MOFCOM, 681 foreign investment projects in Textile industry(Textile Industry (Code C17) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202).) were newly set up in 2007, 372 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached. USD 1843070,000, down by 12.25£¥ year-on-year. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| Automatically receive the integration treatment of "ATC". Starting from December 11, 2001, the European Union and the U.S. abolished the quota restrictions on the products with China being the country of Origin, in the integration list of the first and second phases declared by EU and the U.S. to TMB, a supervisory institution of textiles and apparel. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| It was the second year in 2006 after textile garment agreements stepped down the stage. Still progressing has the adjustment of global textile garment trade structure been and reducing has the market proportion of developed countries and East Asian advanced developing economic entities been. |
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