Q1 growth slows for Chinese leather

30 May 2013

Sales of leather, fur and shoe manufacturers were up 12.9 percent but the growth rate, however, was down 4.3% on the same period last year. Profits rose 9.3% to $13.9 billion ($2.24 billion), with the growth rate dropping 15.6% on a yearly basis, according to a report from the China Leather Industry Association.

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