China aims 6-7% annual output growth in textile industry

The Chinese government has set a target to achieve average annual output growth of 6-7 per cent in its textile industry during 2016-20, according to a development plan released by the ministry of industry and information technology (MIIT). The plan also sets targets for reduction in energy usage and pollution emission to make the industry greener.

The MIIT has set an 18 per cent reduction target for textile industry's energy intensity between 2016 and 2020, official news agency reported. The target for drop in pollutant emission is 10 per cent during the five-year period. This will enable the industry to become greener and smarter, with more customised products and cleaner technology, the plan mentions.

For exports, the plan says they will contribute a stable share of the global textile trade during 2016-20. The export products will be of better quality, says the MIIT plan.

Last year, the output of textile industry in China increased by 7 per cent, outpacing 6.1 per cent growth registered by the whole industrial sector, according to the official data. (RKS)

ALCHEMPro News Desk – China