China Textile Industrys Upward Journey Begins

The China Textile Operation Analysis Conference 2009, sponsored by China National Textile and Apparel Council (CNTAC), was hold on 14 January 2009 in the CNTAC Building. In the year 2009, China textile industry reversed the downward trend and maintained rapid growth, thanks to industrial upgrading, rising export tax rebates and other favorable policies.

On the conference, Mr. Sun Huaibin, director of CNTAC Industrial Dep., made the speech entitled China Textile Industry Outlook 2010. With sufficient data and exact instance, he explained that while the worst of the financial crisis may be over, the global recovery is still fragile and that the recovery that is now underway will slow down later this year as the impact of fiscal stimulus wanes. On the other hand, in China, the government would improve policies to spur consumption and ensure investment grow at a reasonable pace. The government aims to boost domestic demand, especially the sustainable increase in consumption next year. Foundation of the recovery of textile industry is not consolidated, and there are still some deep-seated problems, in particular the structural problem and potential inflation risk