Sunday, July 27, 2008

Bolled over

As a major textile producer, China is the world's largest cotton importer, but its appetite for the fiber has been affected by weaker growth in textile exports, official statistics show. China imported 211,000 tons of cotton in June, down 16.4 percent year on year and down 12.1 percent month-on-month, the General Administration of Customs reported yesterday. First-half imports fell 52 percent to 1.18 million tons.

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