Call for China textile industry to carry out technology research
April 3rd, 2008 - Posted in TextilesChinese experts have called on the textile industry to reinforce technology research and sharpen competitive competence in order to survive the market in 2008.
A survey conducted by the China Cotton Textile Association (CCTA) shows that 49.2 per cent of textile enterprises planned to turn to other business. Their investment in textile production is expected to drop by 15.5 per cent this year, as producers received pressure from Renminbi appreciation, export drawback policy adjustment, trade friction and the rising costs on labor force.
CCTA calls on enterprises to boost technical innovation and rely on technology upgrading and brand effect for sustainable development.
Source:
Business in Asia Today - Apr. 3, 2008
published by Asia Pulse