According to the latest statistics released by the Statistics Center of China National Textile and Apparel Council, the fixed asset investment of textile industry for the first five months in Sichuan province topped all other western and southwestern China provinces reaching CNY 3.124 billion, rose by 6.6% year-on-year. 165 programs are still under construction, down by 18.32% as compared with the previous year. 25 new programs are kicked off, down by 27.88% and 47 programs are successfully wrapped up, down by 4.08%.

As illustrated from the figures, the fixed asset investment of Sichuan province as in overall value, programs number under construction, and the program number kicked off as well as the program number wrapped up all topped other western and southwestern provinces, although still far behind compared with some eastern provinces where textile companies are geographically more concentrated. The overall textile industry scale in Sichuan is undoubtedly way smaller, but some major companies also experienced major development encouraged by the favorable policies of the government. Many Sichuan textile companies are strengthening the technological upgrade pace by introducing new equipments and eliminate outdated machines. It is also a great opportunity for some textile machinery manufacturers to concentrate more on Sichuan province since China textile industry is shifting from eastern provinces to western regions.

Source: China Textile Leader