China Textile Industry Association vice president Xu Wenying talked on December 12, this year’s China textile industry investment growth, but decline in exports.
Xu Wenying said that from January to September this year, the national textile industry invested 219.8 billion yuan, an increase of 8.17%; new projects achieve to 5,815, up 21.5%; completed projects are 3,418, rise 74%. Overall, China textile industry’s investment in central and western regions grew rapidly, and eastern area has t reverse the negative growth.
From January to September of this year, China textile and clothing exports of 124.7 billion yuan, down 11.1%, and other countries are negative growth in exports except for Japan.
Xu Wenying said China textile enterprises need to change from production to modern intensive organization to further enhance market efficientcy and industry competitiveness.
