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Introduction

Established in 1988, the Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX) is named at the same time “Textile Industry Chamber of Commerce, China Chamber of International Commerce ” and “Textile International Trade Promotion Center”, which belongs to China National Textile & Apparel Council (CNTAC). CCPIT TEX is under the leadership of China Council for the Promotion of International Trade (CCPIT) and China National Textile & Apparel Council (CNTAC). After its establishment , CCPIT TEX is devoted to the promotion of trade contact and economic cooperation in textile and garment industry and enterprises, CCPIT TEX is doing all the best for the continuous development of the textile industry.

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Key Chinese macroeconomic statistics, 2005-2007

Source: Xinhua Date: 2008-01-29

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Following are key macroeconomic figures for the past three years, provided by the National Bureau of Statistics.

2007 2006 2005

GDP (bln yuan) 24661.9 20940.7 18232.1growth rate (%) 11.4 10.7 9.9CPI 4.8 1.5 1.8 Fixed-asset investment (bln yuan) 13723.9 10987 8877.4 growth rate (%) 24.8 24 26Trade surplus (bln USD) 262.2 177.47 101.9 growth rate (%) 47.7 75 218 Retail sales (bln yuan) 8921 7641 6717.7

The yuan hit another record high of 7.2293 per U.S. dollar on Thursday following the U.S. Federal Reserve's 75-basis point rate cut.