Beijing, Aug. 11 (xinhua) -- investment in China's textile industry has continued to grow steadily since 2017. In the first half of China's textile industry more than 5 million yuan (RMB, similarly hereinafter) fixed asset investment grew by 9.1% year on year, the completion of the project growth increased by 2% year-on-year, since 2017 have been gradually pick up momentum.

11, reporters learned from the China textile industry association, in the first half of 2017, in the face of the comprehensive cost is higher, the international competition pressure inside and outside environment, China's textile industry still adhere to accelerate the transformation and upgrading, promote intelligent manufacturing and green manufacturing, actively cultivate new kinetic energy industry development.

In the first half of the year, China's textile industry continued its steady growth, and the industry's main production indicators were stable. Thanks to the good performance of China's macro economy, the pick-up in demand has driven China's income growth and public spending to continue to support the further improvement of consumer textile clothing consumption.

Industry experts pointed out that the second half of the global economic recovery continues and steadily push forward China's economic development, consumption, import and export, such as stabilising picks up, which will drive the consumer confidence continues to improve, the internal and external market needs moderate growth. But at the same time, the external development environment of China's textile industry is complicated and changeable, and the export competitiveness of the industry still faces a great test.

It is reported that the Chinese textile industry will continue to adhere to the overall tone of seek improvement in stability, and continuously consolidate the good foundation under the guidance of China's supply-side structural reform and innovation-driven development strategy. Strive to in the case of stable cotton prices in general, all of 2017 China's textile industry industrial production keep modestly, smooth main business revenue and profit growth, exports continue to render stabilizing positive trend, so as to realize the expected development goal for the whole year.