Textile firms

The growth rate in China's textile exports will continue decreasing this year and there will be no "big increases" in exports to the US and the EU markets although quota restrictions on exports to the two markets have been eliminated from the beginning of this year, the ministry said in a statement on its website.
It added China's exports are not going to pose any threats to exporters in other countries.
Textile exports totaled $185.17 billion in 2008, up only 8.2 percent from a year earlier, statistics from the General Administration of Customs showed.
The growth is 10.7 percentage points lower than that of 2007.
Analysts attributed the decline in exports growth to rising labor costs, appreciation of renminbi and weakening demand from major markets.