Preferential Policies Decrease Xinjiang Textile Cost

On 14th August, Liang Yong, the deputy director of the Commission of Economy and Information Technology stated that, the industrial preferential policies on Xinjiang textile and clothing will decrease the cost of textile products by about 10%.

In A share market, there has been four listed companies of textile industry disclosing their interim results and nine companies published earnings pre-annunciation reports. As a whole, enterprises of textile fabrics still stay at the slack season. Raw materials and cost of labor remain to be two big problems in textile industry.

Known from Xinjiang Textile Industry Management Office, cotton price was declining all the time in the first half of 2014 due to insufficient market demands and price difference at home and abroad. In this case, Xinjiang textile and clothing industry went on a low status in which enterprises lacked of growth power and circulating capital. The whole field were faced with loss.

Insiders analyzed that the preferential policies on Xinjiang textile and clothing industry have greatly inspired market confidence. Textile enterprises have grasped this information and made efforts on improving complete textile and clothing industrial chain.

On 6th August, the first clothing production line of Aksu was put into operation. This line is located in Aksu industrial zone. What’s more, Aksu industrial zone is striving to attract investments on weaving, printing and dyeing, clothing manufacture, textile facilities, digital printing, carpet, etc. In order to guarantee sufficient raw materials supply, the zone also promotes the production of chemical fibers such as polyester, spandex, nylon and so on.