Xinjiang has become a hot spot for the transfer of cotton spinning industry in the Mainland

Under the background of Xinjiang's large-scale construction, opening up, and large-scale development, Xinjiang has become a hot spot for the transfer of cotton spinning industry in the interior of China. On September 13, representatives of the government, associations, financial institutions and enterprises from the national textile industry gathered in Shihezi City of Xinjiang to participate in the 2010 China Cotton Textile Forum with the theme of “adjustment, transfer and development”.

The participants analysed and judged the trend of China and the international cotton market, and proceeded from their respective fields, and provided advice and suggestions for how China can realize its strategic transformation from a big textile country to a textile power. Sun Huaibin, director of the Center for Economic Research of the China National Textile and Apparel Council, pointed out that from January to July this year, China’s textile industry’s exports increased by 23% year-on-year. However, due to the lower base figure in the same period of last year, it still showed recovering growth.

Du Yuzhou, president of the China Textile Industry Association, said that although the structure of China's cotton textile industry has undergone great changes in recent years, there are still many problems, such as rising prices of raw materials and labor, increasing cost pressures on textile companies. The trend of polarization is obvious, and the improvement of corporate profits is weak, which restricts the development of the industry. Due to rising costs and environmental constraints, the decline in the competitiveness of China's textile industry has become an indisputable fact. China's textile industry has already reached a critical period of restructuring, industrial upgrading, and transformation of development methods. Xinjiang, as a large-scale production base for cotton in the west, has a high-quality cotton production base. Under the background of Xinjiang’s large-scale construction, opening up, and large-scale development, it has become a hot spot for the transfer of cotton spinning industry in the interior of China.

To this end, Du Yuzhou hopes to convene a forum in Shihezi, Xinjiang, to attract cotton spinning enterprises that have relatively mature textile economy to assist provinces and cities to learn more about Xinjiang, invest and build factories in Xinjiang, and increase knitting, weaving, clothing, home textiles, printing and dyeing, and industries. With the investment in textiles, a complete industrial chain in the textile industry is formed in Xinjiang. The relevant personnel of the Industrial Consumer Products Division of the Ministry of Industry and Information Technology have pointed out that the transfer of backward production capacity and excess production capacity in the process of industrial transfer should be based on the principles of inheriting from a high starting point and orderly undertaking, and ultimately achieving the purpose of optimizing the regional industrial structure.