China's textile fiber processing volume accounts for half of the world
Gao Yong, vice president of the China Textile Industry Association, said in Shanghai on the 13th that last year, the total industrial output value of China's textile industry was 47.6 billion yuan, and the average growth rate in the past five years was 18.22%. In 2010, China's textile industry processed 41.3 million tons of fiber, which accounted for 52% to 54% of the world's total. China is now a well-known textile nation. At the "2011 China Textile Summit" held here, Gao Yong said that last year China's textile exports totaled 212 billion U.S. dollars, accounting for around 34% of the world's total exports. However, the growth of China's textile industry driven by exports has changed. In the past five years, the proportion of domestic sales in China's textile industry has increased step by step. Last year, domestic sales accounted for more than 80%. Gao Yong said when talking about the blueprint for the development of China's textile industry in the next five years: “In the next five years, the Chinese textile industry will be supported mainly by independent innovation and brand building. It will take the prosperity of the market and the expansion of domestic demand as its fundamental starting point, with resource conservation and environmental protection. Friendship and the realization of sustainable development are important points of focus for accelerating structural adjustment and industrial upgrading." He said that in the next five years, the industrial added value of enterprises above designated size in the Chinese textile industry will increase by an average of 12% each year, and the total industry export volume will reach US$300 billion, with an average annual growth of 8%, and the total industry fiber processing volume will reach 51.5 million tons. The average annual growth of 4.5%. High Speed Bottle Blowing Machine
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