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China's textile export value is expected to hit US$116 billion this year despite increasing trade disputes, said sources with the China Textile Industry Association.
That figure would represent a 19.21 percent jump from last year's export volume, which stood at US$97.3 billion in 2004. The source attributed the increasing export volume to investment in fixed assets and technological advances during the country's 10th Five-Year plan (2001-2005) period which have enhanced the competitiveness of the industry.
Editor: Donald
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