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Industry News | Time: Jun 22 2017 4:20PM
[2017 China Yarn & Fabric Summit (The 6th Imported Yarn Forum)]China cotton textile industry upgrade and operation analysis
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Ms. Wang Keli, Vice President of China Cotton Textile Association delivers her report of China cotton textile industry upgrade and operation analysis

Ms. Wang divides her report into 4 parts.

1. Cotton textile industry operation in 2016. According to the China Cotton Textile Industry Association鈥檚 statistics, yarn production reached 18.84 million tons in 2016, an increase of 2.2% year on year, cotton fabric 61 billion meters, an increase of 4.3%.

2. Status quo of cotton textile industry upgrading, which she subdivides into 8 small sections. Product structure optimization; Innovation of textile equipment; Technological innovation; Integration of informatization and industrialization; Great efforts in brand building; Evident effect in energy-saving and emission-reduction; Large development in Internet + integration; Regional layout optimization.

3. Cotton textile industry operation in 2017. This chapter also includes 4 parts: 1. 2017 state reserved cotton auction. 2. Major cotton textile products鈥 prices. 3. China鈥檚 cotton textiles import and export. 4. Industry operation quality and efficiency

4. Forecast and suggestions on market development. Suggestions: 1. Ensure the daily selling volumes of reserved cotton and increase the supply of reserved Xinjiang cotton; 2. Increase the quotas of imported cotton and improve the cotton supply structure.

[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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