Home / Knowledge / News / Textiles / Chinese Govt announces textile machinery policy
Chinese Govt announces textile machinery policy
Dec '09
The Chinese Ministry of Industry and Information Technology released a document titled “Advices Regarding the Structural Adjustment for Textile Machinery Industry” recently in an effort to support the development of domestic textile machinery industry.

According to the advices, related departments will provide support to machinery manufacturers in accessing credit facilities like issuing company bonds, short-term financing and raising funds from the capital markets.

The document has set a detailed target for the industry in 2009-2011. Market share of domestic textile machinery to rise to 70% from 60%; market share of industrial textile machinery may rise to 30% from 10% and emissions of major pollutants during the manufacturing processes may drop by 10%.

The guideline also provides a series of measures including encouraging the use of domestic textile machines, increasing financial support for textile machinery enterprises as well as encouraging mergers and acquisitions to achieve this target.

In addition, those qualified producers who make high-speed air-jet looms and automatic winders could be exempted from paying import duties and import-related VAT in imports of some key parts.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kevin Nelson

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search