The growth rate of overall textile machinery imports in many regions of the country is more than 30 percent; of this, the import of high-end textile machines stands at 90 percent.
Nanjing Customs statistics shows that in the first seven months of this year, Jiangsu Port imported US $336 million of textile machinery and machine parts, an increase of 36.4 percent over the same period last year.
Shanghai Customs data show that in the first half of this year, the province imported textile machinery worth $710 million, an increase of 43.7 percent and 28.5 percentage point higher compared to last year.
Zhejiang Province imported $592 million worth of textile machinery, a rise of 57.2 percent and 36.2 percentage points against total import of 2006.
Customs data show that private enterprises in Jiangsu imported $46.17 million of textile machinery, a sharp increase of 353 percent. On the other hand, state-owned enterprises marked a boost of 107 percent year-on-year to $186 million.
The inability of local textile machinery and equipment manufacturers to meet the domestic demand has stimulated China's import of machineries. For the requirement high-speed technology, high-efficiency and high-degree automation, the country has to rely on imports.
Fibre2fashion News Desk - China
marketing@alchempro.com
