CHINA'S textile exports are expected to increase by over 50% by 2010 from last year, according to the 11th Five-Year Plan (2006-10) for the industry.
?he textile and garment exports will total US$180bil (RM681bil) in 2010,?according to the plan.
The plan for the textile sector was drawn up over the past two years by the National Development and Reform Commission, China National Textile Industry Council and local government agencies. As well as continuous growth in production and exports, the plan also forecasts a reduction in raw material and energy consumption in the sector over the next five years.
The 11th Five-Year Plan will be crucial for China to upgrade its textile industry, Du Yuzhou, president of the textile industry council, said.
According to it, the government and industry associations expect domestic textile enterprises to develop a complete industrial chain across China over the next five years.
