China Issues Guidance on High-Quality Development of Industrial Textiles Manufacturing
19 May 2022
Business Advisory Section, HKTDC Research
According to a set of guiding opinions recently released by the Ministry of Industry and Information Technology and National Development and Reform Commission on the high-quality development of industrial textiles manufacturing, enterprises above a certain size should aim to achieve 6% annual growth in industrial added-value by 2025. There are to be between three and five world-class industrial textiles enterprises in the country by 2025, with recycled fibres and biomass fibres accounting for 15% of all textiles.
- Garments, Textiles & Accessories
- Mainland China