Opportunities and Challenges for the Textile Machinery Industry at the Crossroads

The national 12th Five Year Program period has developed to its middle term.Textile industry transformation and upgrading has also entered a critical stage as envisaged in the outline for building a powerful country for the textile industry.At the beginning of the 12th Five Year Program period,the main business income of the textile machinery industry was less than 82 billion Yuan.In2011,the textile machinery industry reached 105.013billion Yuan in the main business income,up27.07%over 2010,82.169 billion Yuan in total assets,growing by 14.86%,and 7.143 billion Yuan in total profit,up 33.39%.In 2012,the textile machinery