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Qingdao textile machinery sector euphoric
07
Jun '10
At the Canton Fair held at the beginning of this year and Qingdao Textile Expo held in May, Qingdao textile industry saw a major growth in overseas orders, due to the recovery in the global textile and garment industry.

In the first five months of this year, more than 80 textile machinery enterprises in Qingdao achieved a total income of 14 billion Yuan from machinery orders, an increase of 4 billion Yuan over the same period last year.

Experts are of the opinion that, rapid recovery and structural adjustment of textile and garment industry have sped up and govt policies have provided a good opportunity for rapid development of textile machinery industry.

Fibre2fashion News Desk - China

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