 Gradual Recovery and Growth of Chinese Textile Industry, 2010-2011(CRI, Shanghai) Since 2009, Chinese government has implemented a series of macroeconomic policies, which has also encouraged the development of Chinese textile industry. Since 2009, Chinese textile industry is also under gradual recovery.
By: China Research and Intelligence Since 2009, Chinese government has implemented a series of macroeconomic policies, which has also encouraged the development of Chinese textile industry. Since 2009, Chinese textile industry is also under gradual recovery. In recent years, Chinese textile industry makes vigorous efforts to accelerate the adjustment of the industrial structure and the transformation of the development mode, enhancing the internal development motivation of this industry. Despite the global depressed economy and market, Chinese textile industry manages to grow steadily. In the previous eleven months of 2009, the main business revenue and aggregate profits of Chinese textile industry totaled CNY 2.01 trillion and CNY 77.72 billion, growing by 10.32% YOY and 17.75% YOY respectively. With the acceleration in the marketization process of Chinese textile industry, the market is playing an increasingly important fundamental role in the resource allocation. This is favorable for the improvement in the enterprise organizational structure and the industrial layout, leading to the concentration in large enterprises, coastal areas and industry clusters. East China is still the major area for Chinese textile industry. Over 80% textile enterprises above the designated scale concentrate in Jiangsu, Zhejiang, Guangdong, Shanghai and Shandong with 73% employees, 82% sales output value, 88% export delivery value and over 90% foreign investments and capitals from Hong Kong, Macau and Taiwan. Small and medium private enterprises dominate the county and town markets while industry clusters and specialized towns with certain characteristics are under development. According to the Adjustment and Revitalization Plan of Textile Industry released by China’s State Council on Apr. 24th, 2009, there are eight adjustment and revitalization tasks for Chinese textile industry in 2009-2011: stabilize the domestic and foreign markets; improve the independent innovation capacity; speed up the technical reconstruction; To get more details, please go to http://www.shcri.com/ http://www.shcri.com/ Contacts: www.shcri.com Tel: 86-21-6150-9706 # # # The primary and secondary research was conducted by consultants in China who know the industry and the local markets well. End
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