Vital period for growth of textiles - DU Yuzhou at ITMA Forum I

19 Sep '07

2 min read

The leitmotif of DU Yuzhou speech : Industrial Upgrading – General Trend of Development of Chinese Textile Industry. Centering on this general trend, I will elaborate on the following four viewpoints:
I. Chinese textile industry is at critical period of upgrading
II Upgrading of Chinese textile industry is the general trend of the times led by a new cycle of scientific and technological revolution in process of economic globalization
III. Upgrading of Chinese textile industry is the objective requirement from Chinese modernization drive to comprehensively build up a well-off society
IV. Chinese textile industry will take a science-led development roadmap to head for modernization, the world and the future

Textile industry is very important in a close-knit relationship with the people's livelihood, a highly-internationalized sector in process of industrialization in China.

Textile and clothing has been playing a very prominent “pulley” role in pulling on progress of various sectors of national economy.

In 2006, the fiber processing volume totaled 30.7 million tons, employing 20 million people in the whole textile industry in China.

To be more exact, Chinese man-made fiber production reached 20.25 million tons, cotton yarn 17.4 million tons, and textile and clothing export came up to $147 billion; The import of various raw materials, textile chemicals and machinery added up to $31.7 billion.

Moreover, there are now over 40,000 textile enterprises in number, taking into account only the above-designated scale & size of enterprises( only the companies with individual annual sales surpassing 5 million Yuan are taken count of).

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