China to Continue Steady Investment in Textiles

Although the investment in China’s textile industry in 2011 will be influenced somewhat by complex environmental impacts at home and abroad, the steady upward trend will not change, according to the China Cotton Association. China’s textile industry has already demonstrated investment growth during the “Eleventh Five-Year” period.

Through the first three quarters of 2010, the textile industry saw a 26 percent increase in spending on fixed assets–a growth rate that is 17 percent higher than the same period of 2009. Led by allocation of resources in the market and the overall strategy of regional development by the government, the industry is speeding up its relocation to China’s central and western regions.

Experts predict that although there are still challenges to overcome, the global economic situation should continue to improve, and China’s economy continues to show positive signs for growth–especially in terms of the rapidly increasing domestic consumer demand.