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Imports of advanced knitting machinery rise in 2007
Feb '08
Latest statistical figures show that in first nine months of 2007, China's imports of advanced knitting machinery rose 4.41 percent, and import volume reached US $1.008 billion, marking the largest import among China's textile machinery sector.

Domestic knitting industry will continue its main objective of achieving an overall restructuring in 2008. Promotion of equipment level such as speeding up structural adjustment of products, boosting consumption capacity in fashion market and continuously upgrading industrial competitiveness is the need of the moment.

According to 'Sino-EU textile trade memorandum of understanding', from January 1 this year, production enterprises must first obtain export permits issued by the state, only then they could carry out exports of eight textile categories to the EU market, including T-shirts, pullovers.

The restraint export policy will compel knitwear export enterprises to turn their development perspective to domestic market.

According to the data, in the first 10 months of 2007, the country completed 264 knitting and weaving projects, which no doubt will upgrade the road to the development for the industry in 2008.

However, experts suggest that China's knitting enterprises need to adopt more realistic efforts to acquire new growth space this year.

Fibre2fashion News Desk - China

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