Home / Knowledge / News / Textiles / 'Development of SMEs need more favorable policies' - Expert
'Development of SMEs need more favorable policies' - Expert
18
Mar '09
The spokesperson of the China Textile Industry Association and Director of Textile Economic Research Center, Mr Sun Huaibin recently said, “International situation in 2009 will be even more severe than 2008. Financial crisis is still not over and its impact is expanding, therefore textile industry will face even greater pressure”.

He added by saying, “Players who have sizeable markets shares in the domestic markets have been shielded from the external impact since the local economy has not been so affected and it will continue to be more relaxed in 2009, then it was in 2008 and the local markets still hold hope of an increase in momentum”.

He continued, “SMEs are mainstay of the textile industry with the proportion of small and medium-sized enterprises in the industry as high as 99.4 percent and development of these SME enterprises needs more favorable policies, since they are the most affected in a hostile environment like the one prevailing now”.

He observed by saying, “The plight faced by the textile industry in 2008 was mainly due to weakness in international market and now the enterprises are concentrating on domestic markets to offset the loss in overseas markets, since the introduction a few favourable policies by the Chinese government”.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search