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Worlds 9th top supplier of textile machinery
23
Aug '08
Statistics show that in 2007 textile machines made in China Mainland, Japan, Taiwan and South Korea grabbed a 40 percent share of the global industry market.

Of these, Taiwan exported NT $33.7 billion of textile machines, becoming the 9th top supplier of the products in the world.

Experts say that the key reason for this development is the China's skyrocketing progress.

It has been noted that China is the biggest textile machinery market in the world. Most of the locally made textile machines are consumed by the domestic industry, and this only fulfills 50 percent of the demand in the country.

It is estimated that the annual consumption of China Mainland in the textile machinery can reach over US $10 billion.

Thus, surrounding countries are offered huge opportunities, especially as they are much affordable than any European nations like Germany, Switzerland and others like Japan.

Fibre2fashion News Desk - China

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