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Chinese industrial textiles shine in 2013

Chinese industrial textiles shine in 2013 Source: www.fibre2fashion.com
Date: 05-01-2014
Visits: 300
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Despite the Chinese textile industry showing slow growth rate due to weak recovery in major economies abroad, the industrial textiles segment turned out to be the fastest growing in 2013, mainly because of the policy support for the use of industrial textiles in national infrastructure building, environmental management, health care and other sectors.
 
The Textiles Industry data from the National Bureau of Statistics shows that from January to August 2013, the growth rate of industrial textiles was 13.7 percent, about 4.5 percent higher than the growth rate of the entire textile industry.
 
However, the profit margin of industrial textiles segment was only marginally higher at 4.7 percent than the textile industry average of 4.6 percent.
 
From January to August 2013, the total exports of all types of industrial textiles were valued at US$ 12.86 billion, up 5.1 percent year-on-year.
 
During the eight-month period, the industry invested 26.92 billion yuan in fixed assets, up 18.55 percent year-on-year, which includes investment for 447 new projects, an increase of 14.91 percent year-on-year.
 
At present, China’s industrial textiles industry is in good shape, but because the industry started late there is still a gap compared with the developed countries.
 
The 12th Five Year Plan clearly lays stress on strengthening the technical textiles industry research, and improving technological progress and innovation.
 
Enterprises need to increase innovation and constantly overcome technical bottlenecks for improving product quality and production efficiency in order to ensure future growth of the industrial textiles industry.
 
In future, industrial textiles sector in China is likely to show healthy, green and rapid development.
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