China : Fiber consumption to reach 36mn tons by 2010

Currently, China’s fiber consumption is nearly 27 million tons. According to the ‘11th Five-Year’ plan of textile industry, China’s fiber consumption will reach 36 million tons by 2010. There is still an increment of 10 million tons in five years, average annual growth of about 2 million tons.

In the just past 2006, the increased consumption of textile industry surpassed the average. The growth is expected to reach 3 million tons this year. The first year has already digested one-third of the five-year’s increment. Especially cotton textile industry is estimated to reach 12 million spindles in 2007.

On one hand, the growth is still extended and on the other some enterprises have accelerated the building of plants before more stringent macro-control measures issued by the state. With intensified macro-control efforts from the state, in particular, having introduced ‘strict control over the approval system of new projects’, the growth rate of textile industry will certainly slow down in 2007.
 
Fibre2fashion, News Desk - China