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Chinese textile industry sees six key trends in 2013
Jan '14
Six key trends were visible in the Chinese textile industry during the year gone by. The first was the issue of cotton prices, which remained a hot topic throughout the year. In fact, the temporary purchase and storage policy affected the development of China’s cotton spinning enterprises. However, the authorities are planning to replace the existing policy with a policy that would give subsidy to farmers growing cotton.
The second trend witnessed during 2013 was the large quantity of cotton yarn imports, due to the wide difference in prices of cotton and cotton yarn in the domestic and international markets. In the first three quarters of 2013, China’s cotton yarn imports increased by 44 percent year-on-year to 1.568 million tons, while its exports rose by 22 percent year-on-year to 397,000 tons.
The third key trend seen in the Chinese textile industry was embracing the new spinning technology. Spinning jet, jet vortex spinning and other latest and emerging technologies were gradually applied in the industry, as these machines improve the product quality while reducing the labour costs, and thus enhance the competitiveness of the Chinese textiles.
The textile industry gradually getting rid of its dependence on cotton fibre was another key trend visible in 2013. The proportion of the use of cotton fibre in the textile industry decreased to 40 percent from the earlier 60 percent. Some companies matured and made non-cotton fibre products as their main products, instead of the earlier cotton-based textiles.
The gradual spread and acceptance of environmental protection standards was another key trend observed in the Chinese textile industry in 2013. However, the road is relatively long in achieving full implementation of environmental protection.
Finally, the Chinese textile industry spared no effort in brand building and expanding its influence.

Fibre2fashion News Desk - India

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