Recently, Yongxiu County and Xunyang District in Jiujiang, Jiangxi Province recently signed an agreement with Nanchang Jiangen Industrial Co., Ltd. on introducing a major to Yongxiu. According to the agreement, Nanchang Jiangen Industrial Co., Ltd. will invest CNY 300 million in setting up a project for producing annually 1,000 sets of intelligent seamless knitting machines and 2 million pieces of seamless knitwear in Yongxiu County. The project is expected to reach the planned capacity in 5 years and by then it will generate an annual output of over CNY 1 billion.

Source: China Textile Leader Express