China is predicted to export USD 116 billion worth of textiles, and the textile enterprises above the designated size generated about CNY 2 trillion in sales revenue and some CNY 66 billion in profit in 2005, according to China Chamber of Commerce for Import and Export of Textiles. The year of 2005 was an eventful period for China's textile industry, which was hit hard by severe trade disputes with the US and the EU, export tariffs and renminbi revaluation. The cancellation of textile export quotas, however, helped the
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| country's export a lot. According to public filings, from January to October, China's exports to the US and the EU soared 62.7% year on year and the proportion of export to the two markets jumped to 34.09% from last year's 25.72%. The investment in fixed assets, featuring technical advancement, greatly boosted the industry's competitiveness in the international market in the past Tenth Five-Year Plan period (2001-2005). The enterprises above designated size invested circa CNY 317 billion in fixed assets from 2001 to 2004, bringing the proportion of high-grade garments to 30% from 25%. 
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