On 21^st. November, The Ministry of Commerce of the People's Republic of China published "China-KeQiao Textile Index" at the 2007 China (Shaoxing) International Textile Expo. This is their first "Textile Index" , and its purpose is to encourage the sound development of the textile market and textile industry. The "China-KeQiao Textile Index" includes a textile price index, a fabric market index, a textile export index and textile order index.

Among them, the textile price index is published every Monday, and the textile market index on the first day of each month. The textile export index is also published once a month.

The "China-KeQiao Textile Index" is worked out from China Textile City in Shaoxing County, Zhejiang Province, whose data is based on 6 grey fabric wholesale markets, Qianqing Textile Raw Material City, and some textile production companies and textile exporting companies in Shaoxing County.

Textiles, materials and decorative articles in this sampling area are classified into 5 large, 35 middle and 288 small categories referring to international and other domestic standards, then, representative items are selected from the small categories.

The Ministry of Commerce of the People's Republic of China said that the "China-KeQiao Textile Index" can promote an effective operation for textile production and sales, a balancing of demand and supply, and an optimization of the distribution of resources, as well as provide the market with information on the China textile market and textile industry in an exact and timely manner.

China Textile City includes more than 15,000 stores and more than 30,000 items of clothing and home furnishing. The volume of business was around 50 billion yen in 2006.