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Cotton industry taps steady profit

20 Jul '07
1 min read

Since 2000, China's textile and apparel industry has been developing fast, due to country's rapid economic growth and rising demand in domestic and international markets.

In last seven years, country's textile industry, including cotton, has maintained a steady and healthy development. The industry realized 60.84 billion yuan of profits during this period, cotton textiles and clothing exports accumulated at US $210.7 billion.

In 1999, cotton yarn output was only 5.7 million tons but by 2006 end it touched 17.4 million tons.

Country's ring spinning spindles have increased from 33.82 million to 87.2 million, while air-spinning jet frames reached to 1.8 million. The cotton industry has technologically upgraded itself during this period.

Fibre2fashion News Desk - China

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