Market concerns grew

Two 7.8 magnitude earthquakes hit Turkey on Feb 6, causing high death tolls and a large number of collapsed buildings, with tremors feeling by nearby areas. According to media report, Pakistan's foreign exchange reserve was only $3.09 billion at present, which can afford for 18-day import and export payment. Even worse, Pakistani also faced a mounting international debt, which now reached $294 billion and accounted for 90% of its GDP. That's why the impact of Turkey earthquake and Pakistan's economic crisis on China's textile and apparel export required attention.