China Releases Textile Plan for 2006 - 2010

China’s very influential National Development and Reform Commission have released its new five year plan and goals for the textile and apparel industries. Since the textile and apparel sectors are now privatized, the plan is a reflection of government policy towards the industries. Overall, the new five year plan for 2006 through 2010 will emphasize a move from a focus on quantity to quality.

It is interesting to note that higher quality exports will be encouraged with 2010 textile and apparel exports targeted at 750 billion U.S. dollars, representing a 50 percent increase over the levels of 2005.

The plan will include:

*      Improvement in textile machinery and technological products.

*       Buying international brands.

*       Create own brands.

*       Using optional fibre.

*       Reducing the use of energy sources.

*       Speeding up reform of state-owned textile enterprises. 

*       Promote innovation in technology.

*       Set up several huge textile parks in various provinces. 

Key Points of the 5-Year Development Plan  

~     Improve quality, switch to value added products and develop brands.

~    Increase textile/apparel exports by 50% by 2010 to 750 billion U.S. dollars.

~    Spinning output growth upgraded at 6% annually through 2010. Total domestic consumption of fibers targeted at 36 million tons by 2010.

~    Domestic textile/apparel sales target to increase 12.7% annually.

~    Total annual fiber output increase from 15.29 million to 24 million tons.

~    Total yarn output to expand 5% annually from 14.4 million to 18.5 million tons.

Back to Index of August 2006