Despite a contraction, the textile machinery industry quickened its step of restructuring in 2012. "The structural change is strong guarantee to the technological progress of the industry", said Wang Shutian, chairman of China Textile Machinery & Accessories Association at the board meeting recently held in Wuxi, Jiangsu Province.

The annual board meeting is an important platform for enterprises to get market information, discuss and map out future development plan. On the meeting, Gao Yong, Vice President of China National Textile and Apparel Council (CNTAC) analyzed the operation of textile economy in 2012 and forecast the developing trend in 2013.

Source: China Textile Leader