ABSTRACT

The current status of China’s textile industry may be summed up in one word: growth. In turn, the future prospects for China’s textile industry may be summed up in two words: more growth.

However, even with current and projected growth in China’s textile industry, structural issues, new emerging competitors and slowing growth in the rate of global consumption of textiles in the coming years will temper industry expansion. At the same time, though China’s textile industry exhibited strong growth in recent years, has been plagued by a series of problems ranging from (at times) chronic overcapacity, inefficiencies brought about by central government planning and difficulties in securing consistent supplies of raw materials. These problems still affect the industry today.