Xu Wenying, vice president of the China Textile Industry Association and president of the China Cotton Textile Industry Association, highlighted that this autumn and winter yarn exhibition is taking place during a key period—the Shanghai World Expo—which offers exhibitors a powerful platform to showcase their innovations and brand strengths. Leveraging the global attention brought by the World Expo, the event also serves as an opportunity to present the latest achievements in the cotton spinning industry, reinforcing China’s position as a leading player in the textile sector.
Since the new century, China's cotton textile industry has experienced remarkable growth. In 2001, the total number of spindles in the cotton spinning industry stood at 34.43 million, rising to 110 million by 2009. Yarn production increased from 6.6 million tons to 23.9 million tons, with an average annual growth rate of 29.1%. Meanwhile, cloth output grew from 27.7 billion meters to 74 billion meters, reflecting an average annual increase of 18.5%. The industry's profitability also saw significant improvement, with profits rising from 6 billion yuan in 2000 to 38 billion yuan in 2009. The number of enterprises expanded from 3,793 to 11,701, growing at an average annual rate of 23.1%. Despite this expansion, the number of employees slightly decreased from 2.568 million to 2.497 million, indicating a substantial rise in labor productivity.
The global financial crisis had some impact on the cotton textile industry, particularly in the past year when challenges were widespread. However, the industry still maintained a higher average profit rate compared to 2007 and 2008. This resilience can be attributed to the performance of top-performing companies—approximately one-third of the industry—which achieved an average profit rate of 8.7%. These enterprises are typically well-established in both upstream and downstream sectors, benefiting from a fully integrated industrial chain and a diverse product portfolio. This structure not only drives development but also ensures sustainable profitability.
At this year’s yarn exhibition, cotton textile companies are showcasing a range of products with minimal changes in overall strategy. High-quality yarns, pure cotton yarns, and blended yarns will all be on display. A major highlight will be the introduction of functional yarns, such as flame-retardant and anti-static varieties. Many companies are expected to present these innovative options, demonstrating the industry’s ongoing efforts to meet evolving market demands and technological advancements.
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