CHINA’S NEW FIVE-YEAR PLAN TO GUIDE EXPANSION OF THE COUNTRY’S TEXTILE INDUSTRY
January 1st, 2012
BY WANG FANGQING, IN SHANGHAI
DOMESTIC market expansion, new materials development and the transfer of production bases are all priorities under mainland China's ministry of industry and information technology's 12th five-year plan (2011 to 2015) for the domestic textile industry, released January 19.
According to its details, a potentially lucrative market for clothing and textiles lies in China's vast rural areas, where per capita spending on apparel only accounts for 18% of that in the country's towns and cities.
"As the progress of urbanisation ...
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