Import of textile machinery

In 2007,the total importation of our textile machinery amounts to US$4.948 billion,increased by 20.62%over the same period of the previous year,which turns out to be a new high in the year of textile machinery.Among the imported produc ts in 2007,different impor ted produc ts witness growths of various degrees. The large-scale impor t increase of tex tile machiner y indicates the acceleration of textile technology and upgrading of textile industry,and demonstrates that our textile machinery industry still keeps distance from the international advanced technology in terms of product level,product stability as well as the product reliability although the rapid improvement was made in manufacturing in Chinese textile machinery industry in the last few years.In addition,the possibility of RMB appreciation still exists.Import increase of textile machinery brings a new historical high in 2007.