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Twelfth Plan aims to take textile industry towards maturity stage
Sep '11
The twelfth Five-Year Plan of the Chinese textile industry is aimed at taking the industry from its current stage of rapid growth towards maturity.

The Plan is based on three factors. First, the country's textile industry is continuing to consolidate. Second, the textile industry in the country is huge, but the production of high-end products is very limited. Lastly, the textile industry is currently in a transition stage from rapid growth to maturity, which is critical.

The textile industry's 12th Five-Year Plan aims to take the sector towards maturity by speeding up changes, especially in five areas. The emphasis of the change will be shifted from quantity to quality, that is, the focus would be on qualitative improvement rather than quantitative expansion.

The second area would be to enhance the value chain, rather than expanding the complete industry. The third area is to have harmonized development in eastern, central and western regions, rather than focusing on development in only the western part of the country.

The fourth area is to cater to domestic demand rather than trying to tap foreign markets. Finally, adopting new technologies and adjusting them to the traditional industrial structures.

Fibre2fashion News Desk - China

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