At present, purchasers and manufacturers are beginning to pay more attention to the productivity of China overseas enterprise.
Henceforth, China textile enterprise can enjoy credit with interest and capital allowance if they want to establish factory at overseas. Reporters know from China Textile Industry Association that to promote upgrading of China textile industry, support China textile enterprise to go out , Treasury department, Development & Innovation Committee, Commerce Ministry will reserve special capital for textile development to imburse textile enterprises s technique innovation, introducing new equipment, building factory at oversea etc.
It is known that before September.20, textile director branch can accept declaration of the enterprises with intent. After appraising of expert team, the branch can appropriate funds to enterprise. The statistic from Commerce Ministry show that until the end of 2005, China s direct investment to overseas have reached 6.92billion USD, China investing overseas enterprises authorized and put on records by Commerce Ministry reach 1067, textile ones reach over 100.
In 2005, China textile machining quantity have accounted for 36% of global ones, the export 24% of global textile & fashion trade value. However, China textile industry is still the low tache of global textile industry chain with its investment for research only accounting for 0.3% of sale and has to import main high-tech and summit textile equipment. Influenced by export taxation adjustment, increasing exchange rate, ascending labor force etc, China textile & industry advantage is being weakened.
