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Five textile sectors to meet good opportunity

Five textile sectors to meet good opportunity Source:
Date: 31-05-2012
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Jiangxi Province recently has mapped out the 12th five-year plan for its textile industry. According to the plan, Jiangxin will turn itself into a newly-emerged textile and garment production base and make the local textile economy accounting for about 3.5% of the country´s total in 2011-2015 period.

In the next five years, the textile industry is to grow at an annual average of more than 20% and to reach the following goals: industrial value added of above-scale enterprises to reach CNY 50 billion, prime business income to CNY 200 billion, pre-tax profit to amount to CNY 15 billion. In which, the industrial value added of garment industry to reach CNY 24 billion, prime business revenue reach CNY 80 billion and pre-tax profit CNY 6 billion, at an annual average growth of more than 25%; the production of yarn, garment, chemical fibers of above-scale enterprises respectively to reach 1.2 million tons, 2 billion pieces and 280,000 tons, rising 10%, 10% and 15% annually.
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