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Industry News | Time: Jun 23 2017 1:35PM
[2017 China Yarn & Fabric Summit (The 6th Imported Yarn Forum)]Textile industrial investment situation and competitiveness analysis in Xinjiang
 
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Ms. Cheng Sujing – Senior Analyst, CCFGroup, gives her report Textile industrial investment situation and competitiveness analysis in Xinjiang .


Ms. Cheng Sujing describes her report mainly in view of status and competitiveness of textile industry in Xinjiang.

In the first part, she introduced the status quo of Xinjiang textiles industry. Yarn capacity and output grows rapidly and will increase further in 2017. Yarn variety in Xinjiang is mainly cotton yarn, followed by rayon yarn, and the proportion of open-end one is high. As for cotton consumption, proportion of cotton consumed in Xinjiang is gradually mounting. Spinning project target has been completed and eyes are to startup progress later. Projects on downstream weaving, printing and dyeing, apparel and home textile industry are actively pushed forward and have made huge progress, accelerating the associated industry development in Xinjiang. Except for Jinghe County where mainly produces open-end cotton yarn, other regions in Xinjiang do not have obvious differences in product distribution. However, capacity of textiles and apparel in Xinjiang does not increase greatly due to weak downstream fundamental, especially in printing and dyeing. Exports of textiles and apparel increased slightly in recent two years while imports changed substantially. After rapid rise in 2012-2015, cotton yarn imports slashed in 2016 and had similar trend with overall cotton yarn imports. Imports of apparel fluctuated wildly. She also mentioned policies on subsidies to the enterprises in Xinjiang.

Secondly, she analyzed the competitiveness. Chinese cotton yarn does not have advantage on international market, so orders of downstream cotton products keep reducing and it is necessary to switch to high value-added products.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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