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China lowers textile industrial added value in 5-year plan

13
Feb '12
During the “Eleventh Five-Year Plan" period, big and major textile and clothing enterprises achieved an average annual growth of 18.2 percent in industrial output value and their industrial added value increased by 12.6 percent on an average in 2011.

However, the annual growth rate of industrial added value of China's textile industry has been lowered to 8 percent on an annual average during the “12th Five-Year" period. It shows that the main development theme of textile industry has turned to the pursuit of both, quality and benefit from expansion of scale.

From an international perspective, China's textile industry is facing intensified competition both from high-end industrial chain of developed countries and low-end industry chain of developing countries.

Developed countries occupy active market position by their integrated advantages of technology, brand and supply chain. Trade protectionism has risen since the outbreak of international financial crisis, major developed countries have adopted trade remedies or added technical barriers to limit product imports from other countries.

From a domestic perspective, during the process of economic transformation and upgrading, structural labor shortage of the textile industry is increasing. The acceleration of resource-saving and environment-friendly society has provided higher requirement on the textile industry that has completed energy saving and eliminated backward technology.

Fibre2fashion News Desk - China


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