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Exhibitors eyed opportunities in the textile sector as China implements 13th Five-Year Plan. The fifth edition of ITMA Asia + CITME held in Shanghai in January received a huge response from both domestic and international textile machinery manufacturers eager to tap into growth opportunities in China as the country continues its strategic push for quality products, higher productivity and green technologies.

 

Textile machinery manufacturers are leveraging on ITMA ASIA + CITME 2016 as a strategic platform to showcase their latest technologies and products to buyers as China rolls out its 13th Five-Year Plan (2016 – 2020). Under the plan, the Chinese textile industry will focus on industrial transformation and upgrading. Structural adjustments will continue to be made in all sectors, thus expanding opportunities for the further development of textile enterprises and in areas such as industrial textiles.

 

According to CTMA, China’s textile industry has been making greater investments to stay more competitive. There were a total of 15,235 new projects in 2015. From January to November 2015, fixed asset investments in textile projects of more than 5 million yuan each amounted to 1.09 trillion yuan. This represents a 200 per cent jump from the same period in 2014.

 

ITMA ASIA + CITME 2016 was organised by Beijing Textile Machinery International Exhibition Co Ltd and co-organised by MP Expositions Pte Ltd. Japan Textile Machinery Association was a special partner of the show.

 

Source: ITMA

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