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| Topic: |
Business
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| Number of pages / Number of words: |
37 / 10315 |
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However, only the cotton fiber production still declined on account of farmers' shift to other crops instead of cotton which is vulnerable to pest disease and involves high cultivation costs but with small profits. Such textile production growth was chiefly motivated by the expansion to meet export demand...
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The average capacity utilization was 60%-80%.
As regards production costs, raw materials and energy form the major parts. In 2000, the oil price hike of about 44% from the preceding year triggered a rise in energy costs and prices of raw materials of synthetic fiber. As a consequence, the production costs of synthetic fiber, yarn, fabrics, and clothing surged from a year earlier...
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