China : East Silk Market records RMB 30 bln trading
More than 4000 companies trade in products like silk fabric, silk products and machines for the industry.
| East Silk Market registered trade worth of more than RMB30 billion, last year. Based at Jiangsu province, the market was established in 1986 and presently, it is spread over 400,000 square metres area. More than 4000 companies trade in products like silk fabric, silk products and machines for the industry. This is the biggest silk market in China, including for all kinds of related silk products sold not only in China but also in the world. Considering its significance for the growth of textile industry as a whole, the local government offers special privileges to this market like providing investments to the tune of about RMB 1 billion each year, and establishment of many leisure and recreation areas. | |||
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