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Chinese textile machinery sector attains new highs
22
Mar '12
The industrial output value of the Chinese textile machinery sector has exceeded 100 billion Yuan in 2011.

This means that the Chinese textile machinery sector has entered a new development stage, members of China Textile Machinery Association (CTMA) said at a meeting.

According to the statistics, China's textile machinery industry achieved an industrial output value of 107.367 billion Yuan in 2011, up 27.44 percent from a year earlier.

Profits from the sector stood at 7.143 billion Yuan, a rise of 33.39 percent and exports registered US $2.245 billion, an increase of 27.81 percent year on year.

China's textile industry suffered twin blows of European debt crisis and fluctuations of raw material prices in 2011, but the industry still maintained a steady growth trend.

This shows that the technical level and product quality of domestic textile machinery has been greatly improved; on the other hand, it also reveals that Chinese textile enterprises still have huge demand potential of equipment.

Fibre2fashion News Desk - China

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