The US Federal Reserve raised the benchmark interest rate by 25 basis points on Dec 15, bringing the previous target range for the federal fund rate from 0.25-0.5 percent to 0.5-0.75 percent.
Textiles are a traditional industry in China. The industry can be divided into the textile sector and the clothing sector.
The value of foreign trade reached 2.35 trillion yuan ($33.8 billion) in 2016 according to statistics released by the General Administration of Customs about China's import and export on Dec 8.
Foreign trade in the third quarter showed glimmers of returning to growth, after the first two quarters of the year produced less than to be desired results.