Light Industry Arts & Crafts Rapid Growth in Foreign Trade

Assistant Minister of Commerce Wang Chao stated at the fifth member congress of the China Light Industry Arts & Crafts Import & Export Chamber of Commerce that China’s foreign trade in light industry crafts grew rapidly, and footwear, furniture, bags, toys, glass products, ceramics and other light industries Exports of products accounted for the first place in the world's total exports.

Wang Chao said that the light industry handicrafts industry has always been the main driving force for the growth of China's foreign trade. The total value of imports and exports of young crafts in 2001 was 110.356 billion U.S. dollars, and in 2008 it reached 421.38 billion U.S. dollars, with an average annual growth rate of 8 in 8 years. %. Affected by the global financial crisis, from January to November of last year, the total import and export volume of light industry arts and crafts decreased by 9.36% over the same period of last year.