Weaving is affected by the global financial crisis, the first sector. First half of 2008 a number of the textile industry felt the impact of the whole industry from the beginning in September sales fall. However, the full year, and steel, nonferrous metals, building materials compared to other industries, the textile industry was the least affected sectors. This shows that the textile industry is now in a complete, full market economy status, self-regulating capacity significantly higher than other industries. In addition, the textile industry after 10 years of rapid growth, but also to the time of the adjustment, the financial crisis was only to further accelerate its pace of correction. Therefore, from this point of view, the textile industry, including textile machinery industry, the adjustment is greater than the revitalization of the meaning, is based on the revitalization of the adjustment.
"The textile industry to adjust after the introduction of the revitalization plan, we have taken note of the 'stimulus' to add the 'adjusted' word, I think, more in line with the current air permeability of textile fabrics and textile machinery industry, the development of the status quo." China Textile Industry Association Vice President, China Textile Machinery Equipment Industry Association in an interview Gao Yong, the first understanding of the planning done as above explained.
Gao Yong said that the upstream textile industry, textile machinery, textile machinery industry, the economy good or bad depends entirely on the demand for the textile industry. Therefore, the planning of those who support the textile industry, technological transformation and development measures, will be a strong boost to the textile machinery products.
Planning pointed out that investment in the new central government set up a special focus on support for spinning weaving, dyeing, chemical fiber industries technological progress, promoting the industrialization of high-tech fibers. Gao Yong said there was no doubt that these areas of textile machinery products will subsequently be great opportunities for development, including planning mentioned in the promotion of industrial textile applications. Correspondingly, the industrial textile equipment, textile machinery industry will also become a new economic growth point.
Gao Yong said the plan encouraged the textile industry to the labor-intensive processing sectors of cotton and other raw materials to the resource-rich central and western regions will further boost the demand for textile machinery equipment. He also pointed out that the transfer is by no means a low level to the central and western technology and equipment transfers. In recent years, investment in the west took the lead in several textile items, such as in Shandong Ruyi Group's investment in Wanzhou cotton textile items, cotton in Xinjiang Youngor Group investment projects are on the advanced compact spinning production lines.
Plan also proposes to speed up eliminating backward production capacity, to develop and improve the access conditions. Gao Yong said the elimination of backward production capacity, will accelerate the speed of renewal of equipment, which can directly drive the sale of equipment, textile machinery, textile machinery enterprises but also to send a message: do not meet the entry conditions of textile machinery products will henceforth be out of the market.