Business Club April 28th Although the recent Cotton prices are still running at a high level, officials from the Ministry of Industry and Information Technology said on the 27th that the national policy of expanding domestic demand will drive the home textile industry to achieve rapid development during the “12th Five-Year Plan†period.
In recent years, China's textile industry has an annual output value of 654 billion yuan, an average annual increase of 20%, and it is one of the high-growth industries in China. According to the investigation of the China National Textile and Apparel Association, China’s per capita textile consumption is 27% lower than the world average. As the home textile industry is closely related to the development of the real estate industry, with the improvement of housing conditions in different places, the consumption of home improvement will increase at a rate of 15% per year.
The officials of the Consumer Products Division of the Ministry of Industry and Information Technology said at the Taifeng Home Textiles 2011 Wealth Summit forum that after 10 years of development, the national textile industry has laid a solid position in the textile industry. In the next five years, the textile industry, which is an important national production industry, will usher in a promising period of strategic opportunities. From the perspective of external development environment, the sustained growth of the international economy will be conducive to China's textile exports, while domestic adherence to the expansion of consumer strategies will provide a broad space for the development of the textile industry. In particular, after the per capita GDP reached 3,000 U.S. dollars, residents' consumption has entered an accelerated consumption phase, which has brought important development opportunities to the home textile industry.
According to reports, China has now become the world's second largest economy, but its total consumption only accounts for 5.4% of the world. The structural contradictions formed in the long-term development of the textile industry are fully manifested in the international financial crisis. The lack of independent innovation capability is still a bottleneck. The imperfection of the industrial value chain is a weak link in the development of the textile industry. During the "12th Five-Year Plan" period, China will seize the advantage of raising the level of the value chain and shift from the expansion of the past to the improvement of quality, making China a world-consuming power.
The official stated that people’s lifestyle changes and new expectations for a better life require the home textile industry to make new changes, continuously develop new products, and cultivate new growth points. The Ministry of Industry and Information Technology will jointly work with related ministries and industry associations to carry out brand evaluation work and guide enterprises to create advantageous brands. During the “Twelfth Five-Year Plan†period, China will actively guide the innovation elements to the enterprises and make them become the main body of R&D investment, standard formulation and application of innovation results.
Yang Donghui, Honorary Chairman of the China National Spinner Association, said at the meeting that at present, accelerated construction of affordable housing will provide a broad market for home textile products, while brand building and marketing through culture will accelerate the realization of China's textile and clothing industry from textiles. The leaps of great powers toward textile powers.
In recent years, China's textile industry has an annual output value of 654 billion yuan, an average annual increase of 20%, and it is one of the high-growth industries in China. According to the investigation of the China National Textile and Apparel Association, China’s per capita textile consumption is 27% lower than the world average. As the home textile industry is closely related to the development of the real estate industry, with the improvement of housing conditions in different places, the consumption of home improvement will increase at a rate of 15% per year.
The officials of the Consumer Products Division of the Ministry of Industry and Information Technology said at the Taifeng Home Textiles 2011 Wealth Summit forum that after 10 years of development, the national textile industry has laid a solid position in the textile industry. In the next five years, the textile industry, which is an important national production industry, will usher in a promising period of strategic opportunities. From the perspective of external development environment, the sustained growth of the international economy will be conducive to China's textile exports, while domestic adherence to the expansion of consumer strategies will provide a broad space for the development of the textile industry. In particular, after the per capita GDP reached 3,000 U.S. dollars, residents' consumption has entered an accelerated consumption phase, which has brought important development opportunities to the home textile industry.
According to reports, China has now become the world's second largest economy, but its total consumption only accounts for 5.4% of the world. The structural contradictions formed in the long-term development of the textile industry are fully manifested in the international financial crisis. The lack of independent innovation capability is still a bottleneck. The imperfection of the industrial value chain is a weak link in the development of the textile industry. During the "12th Five-Year Plan" period, China will seize the advantage of raising the level of the value chain and shift from the expansion of the past to the improvement of quality, making China a world-consuming power.
The official stated that people’s lifestyle changes and new expectations for a better life require the home textile industry to make new changes, continuously develop new products, and cultivate new growth points. The Ministry of Industry and Information Technology will jointly work with related ministries and industry associations to carry out brand evaluation work and guide enterprises to create advantageous brands. During the “Twelfth Five-Year Plan†period, China will actively guide the innovation elements to the enterprises and make them become the main body of R&D investment, standard formulation and application of innovation results.
Yang Donghui, Honorary Chairman of the China National Spinner Association, said at the meeting that at present, accelerated construction of affordable housing will provide a broad market for home textile products, while brand building and marketing through culture will accelerate the realization of China's textile and clothing industry from textiles. The leaps of great powers toward textile powers.
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