During the 13th Five-Year Plan period (2016-2020) in the first half of 2016, China’s Ministry of Industry and Information Technology (MIIT) is expected to release its development plan for the textile industry.
China’s textile industry is projected to maintain a double-digit growth and the authorities will take various measures to improve the sluggish textile industry.
China’s textile industry will focus on industrial transformation and upgrading and move towards a high-end direction, according to a source of the China National Textile and Apparel Council. Given the rapid growth of the automotive industry, textiles for automobile use will embrace huge development in coming years, the sources added.
According to experts, several developments that have taken place last year have been discussed, and were supposed to be reflected in the plan.
The Chinese textile industry wants to re-establish internationally competitive advantages, introduce its own brands to the world, encourage enterprises to integrate value-added chains worldwide and optimize the structure of textile exports.
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