Gradual Recovery and Growth of Chinese Textile Industry, 2010-2011

- China is the world leading country for the textileallocation. This is favorable for the improvement in the
production and export. With over years' development,enterprise organizational structure and the industrial
Chinese textile industry has been equipped withlayout, leading to the concentration in large enterprises,
superior competition advantages – the mostcoastal areas and industry clusters. East China is still
complete industry chain and the highest processing andthe major area for Chinese textile industry. Over 80%
OEM level in the world. Moreover, those developedtextile enterprises above the designated scale
industry clusters have intensified their risk-resistanceconcentrate in Jiangsu, Zhejiang, Guangdong, Shanghai
capacity, guaranteeing the stable development of thisand Shandong with 73% employees, 82% sales output
industry. value, 88% export delivery value and over 90%
 foreign investments and capitals from Hong Kong,
Since 2009, Chinese government has implemented aMacau and Taiwan. Small and medium private
series of macroeconomic policies, which has alsoenterprises dominate the county and town markets
encouraged the development of Chinese textilewhile industry clusters and specialized towns with
industry. Since 2009, Chinese textile industry is alsocertain characteristics are under development.
under gradual recovery. In recent years, Chinese textile 
industry makes vigorous efforts to accelerate theAccording to the Adjustment and Revitalization Plan of
adjustment of the industrial structure and theTextile Industry released by China's State Council on
transformation of the development mode, enhancingApr. 24th, 2009, there are eight adjustment and
the internal development motivation of this industry.revitalization tasks for Chinese textile industry in
Despite the global depressed economy and market,2009-2011: stabilize the domestic and foreign markets;
Chinese textile industry manages to grow steadily.improve the independent innovation capacity; speed up
 the technical reconstruction; eliminate the outdated
In the previous eleven months of 2009, the mainproduction capacity; optimize the regional layout;
business revenue and aggregate profits of Chineseperfect the public service system; accelerate the
textile industry totaled CNY 2.01 trillion and CNY 77.72construction of independent brands; enhance the
billion, growing by 10.32% YOY and 17.75% YOYcompetence of enterprises. The Plan places great
respectively.significance on building China into a strong textile
 country and helping the textile industry to live through
With the acceleration in the marketization process ofthe financial crisis. Specially, it will encourage the
Chinese textile industry, the market is playing anstructure adjustment and industrial upgrading of
increasingly important fundamental role in the resourceChinese textile industry.