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Over 80% of PRC textile investment abroad in BRI region

11
Apr '19
Over 80% of PRC textile investment abroad in BRI region
Countries and regions along China’s Belt and Road Initiative (BRI) have received over 80 per cent of its overseas investment in the textile sector in the last five years, according to the China National Textile and Apparel Council (CNTAC). The textile industry can help industrial development in the BRI regions, said CNTAC deputy director Xu Yingxin.

CNTAC will facilitate international textile production capacity partnership, especially the development of overseas cooperation zones, Chinese media reports quoted Xu as saying.

Industrial data showed that China's textile and apparel export to the BRI region continued to grow in 2018, up 5.3 per cent year on year. (DS)

Fibre2Fashion News Desk – India


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