High-end textile machinery imports up 21.6% by Aug
25 Sep '06
3 min read
Customs General Administration of the People's Republic of China reports that the Shanghai's latest statistics show that China's textile exports to Europe and the United States in the establishment of quotas, textile trade disputes frequently exacerbate the situation and competition in the international market, China's textile enterprises to import a large number of high-end textile machinery, clearly accelerating the pace of upgrading equipment.
According to Shanghai Customs statistics, the first eight months of this year, Shanghai port imported 710 million U.S. dollars of textile machinery and parts, 21.6 percent growth over the same period last year, unit prices rose across the board.
Among them, 270 million U.S. dollars of imports from Japan, a year-on-year increase of 83.2 percent, respectively from Germany and Italy for 160 million U.S. dollars of imports and 090 million U.S. dollars.
Notably, the import enterprises, the rapid growth of foreign-invested enterprises and private enterprises, each with almost 30 percent of total imports, reflecting its ability to take the initiative on the international market.
Within this total, the value of imports of equipment by foreign-invested enterprises to invest 210 million U.S. dollars, an increase of 20.2 percent private enterprises import 210 million U.S. dollars, a year-on-year increased 78.4 percent, the share accounted for by the city's textile machinery imports rose 20 percent last year to 30 percent.
marketing@alchempro.com
