Home / Knowledge / News / Textiles / Additional burden likely on Chinese textile industry
Additional burden likely on Chinese textile industry
08
Dec '11
An additional burden awaits the Chinese textile industry, which is already enduring severe constraints due to a decline in exports and the rising wages.

China, termed as the world's biggest polluter, is finding it difficult to meet many of its environmental targets for 2015. Hence, it is pondering to impose a new 'green tax' on the country's textile industry.

In its effort to raise the chances of achieving the 2015 environmental targets, the State Council of China is considering to conduct research regarding the imposition and collection of environment-related taxes.

China is aiming to reduce its energy consumption per 10,000 yuan of GDP by 16 percent by 2015, equivalent to 670 million tons of coal. However, there has been very little progress in this direction. Moreover, a rise of 6.17 percent every year has been noted in emissions of nitric oxide, a major pollutant, according to the data of the Ministry of Environmental Protection.

A 2006 report, released by China Institute of Geo-Environment Monitoring, states that around 70 percent of reservoirs, rivers and lakes in China are polluted. Recently, however, the Government has acknowledged the seriousness of the situation, but the industrial release of toxic, and other wastes continue as usual.

Actually, China's quick-paced progress in textile industry has come at a huge cost. The current challenges being faced by the Chinese textile industries would be further heightened due to the impact of green tax.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search