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China aims to double textile output in a decade

May 15/2012
(polyestertime) -- Chinese textile producers aim to more than double the country's textile output by 2020 from the 2010 level, according to a 10-year plan from the textile industrial association. 

The textile industry is planning to increase textile and clothing exports by an annual rate of about 7 percent and boost the export value of fiber products to 400 billion U.S. dollars by 2020, said a 10-year development plan approved by China National Textile and Apparel Council(CNTAC). 

Rising demand for fiber products will accelerate the upgrading and transformation of the textile industry, and further boost innovation and branding to drive high-end industrial development, said the CNTAC. 

The CNTAC expected Chinese urban citizens' average spending on clothing to grow by an average 12.5 year-on-year in the 2011-2020 period, while that of rural residents will increase by 15 percent annually.

mrcplast.com
Author:Anna Larionova
Tags:polyether, polyether, tekstil.
Category:General News
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