Special Report:Global Financial Crisis
BEIJING, Jan. 28 (Chinese media) -- China imported less cotton in the first 11 months of 2008, as the international financial crisis impacted the country's textile industry and slashed demand, the General Administration of Customs said Wednesday.
From January to November, China bought imported 1.94
million tonnes of cotton, a decline of 9.1 percent from the year-earlier level.
The imports were valued at 3.24 billion U.S. dollars.
Since the second half of 2008, China's cotton imports have decreased each month. In October, imports plummeted 29.8 percent to 96,000 tonnes. That figure slid by 25.2 percent to 76,000 tonnes in November.
Most of cotton imports came from the United States and India.
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