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Chinese chemical fiber sector to focus on quality growth
29
Aug '11
China's chemical fiber industry has developed very rapidly in the past two decades. According to relevant statistics, the average annual growth rate of China's chemical fiber industry during" the eleventh five-year plan” was as high as 13 percent.

But in the “twelfth five-year plan” period, China's chemical fiber industry will adjust its average annual growth rate to 6 percent.

The domestic chemical fiber sector has created a leading position for itself in the world and in 2010, accounting for more than 60 percent of global total production.

Researcher Li Nan from the Investment Advisor of the chemical industry points out that the reduction in annual growth rate implies that, the Chinese chemical fiber industry will no longer target output as its development goal during the “twelfth five-year plan” period.

It is expected that now onwards, China's chemical fiber industry will put more emphasis on quality development during the “twelfth five-year plan” period.

Fibre2fashion News Desk - China

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