Measures to Revitalize the Textile Industry

Measures to Revitalize the Textile Industry

1. Enlarge domestic textile consumption, innovate new production, expand rural markets and promote the use of textile products in relevant industries, while expanding export destinations.

2. Press ahead with technology improvement and brand promotion of textile manufacturers. Funds will be allocated for companies that produce textiles or fibers, or operate in the textile printing and dyeing sector, to upgrade their technology and develop domestic brands.

3. Phase out obsolete capacities, eliminate energy-intensive, polluting equipment and technologies. A complete market entry standard will be enacted, and mergers and acquisitions in the sector will be encouraged.

4. Optimize the industrial layout and encourage textile and garment makers to relocate from southeast China to central and western areas. The east costal textile producers can concentrate on hi-tech and energy-efficient products with high added value. Efforts also will be made to build a production base for quality cotton textiles in the Xinjiang Uygur Autonomous Region.

5. Strengthen fiscal and funding support for the sector. The tax rebate for textile and garment exports will be raised from 14 percent to 15 percent. Financial institutions are encouraged to provide credit guarantees and financing services to troubled small and medium-sized textile manufacturers. Governments and enterprises at all levels are also encouraged to reinforce purchases of cotton and factory-reeled silk.