Present Situation of Textile Industry of China and the Immediate - term Development Plan

摘要

Under correct government policies and supports from various sectors, with hard efforts and struggles, the textile industry of China had not only basically accomplished the tasks for the State - owned enterpises to get out of hardships through reform, thereby reversing the state of loss conditions of the whole industry for many consecutive years, but also gained profit during the first half of the year amounting to RMB 10.7 billion yuan, with State - owned textle industry gaining a total of RMB 3.5 billion yuan. consequently, there is a considerable improvement in the operational quality of the textile enterprises. To further enhance the competitive edge and overall quality of the enterprise, to accept the challenge brought forth by the pending entry of China into World Trade Organization (WTO), the industry has reinforced and eonsolidated technical reform and industry upgrading. Since we reform this traditional industry by means of high - tech, improve the equipment level of the textile industry, reinforce the structural adjustment and accelerate the speed, we quicken the pace of industrial upgrading of the chinese Textle Industry in view of hte 21 Century, making China this great textile manufacturing country a textile powerhouse.