China's silk industry maintains robust growth momentum
( 2003-10-28 15:03) (Xinhua)
With a long-standing history and cited as a "national gem of China", the silk
industry has maintained trend for robust development in China.
Statistics on more than 2,240 silk enterprises provided by the National
Bureau of Statistics show that the silk industrial output value totaled 82.9
billion yuan (about 10 billion US dollars) in the first three quarters of 2003,
up 18.92 percent over last year' s same period.
Meanwhile, China registered sales of silk products totaling 75. 8 billion
yuan (about 9.2 billion US dollars) in the January- September period, a rise of
21.4 percent, and a post-tax profit of 2.523 billion yuan (305 million US
dollars), a year-on-year increase of 40.67 percent.
China has long been reputed as a leading silk producer in the world. Its silk
products had been exported to other central Asian and European countries over
2,000 years ago via the world-famous ancient Silk Road.
At present, China's annual silk industrial output value amounts to 90 billion
yuan (10.88 billion US dollars) and China exports more than 4 billion US dollars
of silk products annually, accounting for over 80 percent of world's total silk
products trade volume.
Currently, about one million workers are employed in the country's silks
sector.
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