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Textile industry sees orderly transfer to western China
16
Jun '14
The textile industry, which is highly concentrated in the eastern part of China, is now witnessing an orderly transfer to the western part of the country.
 
According to the data from the Statistics Center of China Textile Industry Association, in 2013, Chinese textile industry attracted investment of 914 billion yuan, registering an increase of 17.29 percent year-on-year.  Of this, the 12 western provinces attracted investment of 77.1 billion yuan, registering an increase of 26.85 percent year-on –year, which shows that the investment growth rate in western part of China was much higher than the national average, implying that the textile industry is transferring to the western region.
 
Of special mention in the western region is the Xinjiang province, which has relatively advantageous geographical location as the province in closer to Central Asia and Europe.
 
Experts see this westward acceleration in textile industrial manufacturing as a positive signal. They aver that such a step can not only save manpower and procurement costs, but also lay foundation for getting market access to Central Asia and Europe.
 
Xinjiang is rich in long-staple cotton, and data shows that since 1993, the province’s cotton area, yield, total production, and quality have been maintained. 
 
Several textile companies, including Shandong Ruyi Group, Lu Thai, Younger, Huafang, and Huafu Color Spinning have announced that they are investing in textile and garment industry in Xinjiang this year.
 
The Xinjiang Clothing Industry Association expects that gradually a complete textile and apparel industrial chain will come up in Xinjiang.
 

Fibre2fashion News Desk - India


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