The Total Assets And Sales Revenue Of China's Textile Machinery Industry Have Maintained Rapid Growth.

　　 Spin Industry is a traditional dominant industry in China. Textile products are also important foreign trade products in China. The rapid development of the textile industry is of vital importance to the smooth operation of China's economy and the maintenance of price stability. It plays an important role in China's economy. China is the largest textile machinery producing country in the world. At present, China's textile machinery manufacturing industry has become a pillar industry with complete categories, meeting the needs of the textile industry, and having independent R & D capability.

Shang Pu consulting industry analyst pointed out: in 2009, China's Ministry of industry promulgated the "guidance on textile machinery industry restructuring" pointed out that we should increase financial support for textile machinery enterprises. Qualified textile machinery enterprises support the development of corporate financing channels such as issuing corporate bonds and short-term financing, and encourage textile machinery enterprises to merge and restructure.

　　 China Textile machinery manufacturing industry has maintained rapid development momentum in recent years. By the end of 2010, the total assets of the industry reached 77 billion 613 million yuan, an increase of 27.78% over the same period last year, and the industry achieved 81 billion 565 million yuan in sales revenue, an increase of 42.13% over the same period last year. By the end of 2011, the total assets of the industry reached 100 billion 237 million yuan, an increase of 29.15% over the same period last year, and the industry achieved 111 billion 589 million yuan in sales revenue, an increase of 36.81% over the same period last year. By the end of 2012, the total assets of the industry reached 125 billion 757 million yuan, an increase of 25.46% over the same period last year, and the industry achieved 139 billion 62 million yuan in sales revenue, an increase of 24.62% over the same period last year. By the end of 2013, the total assets of the industry reached 160 billion 504 million yuan, an increase of 27.63% over the same period last year, and the industry achieved 175 billion 899 million yuan in sales revenue, an increase of 26.49% over the same period last year. Overall, after the downturn in industry growth in 2008, the scale of industry expansion has accelerated significantly in the past two years, and the overall development trend is good.

The total assets and sales revenue of China's textile machinery industry have maintained rapid growth.

With the development of the textile industry, the scale of textile machinery industry has expanded rapidly, and the industry competition has also intensified. In order to seize the market opportunities in the fierce competition, the domestic excellent textile machinery manufacturers pay more and more attention to the research of the industry market and the development of their own technological innovation ability. Therefore, a large number of excellent domestic brands have risen rapidly and become the leaders of the industry in China and even in the world.

Champ Consultation The 2014-2017 year analysis and investigation report of China's textile machinery and wool market shows that: from a global perspective, the competition of textile machinery manufacturing industry in the past mainly concentrated on textile machinery production power in Germany, Italy and Switzerland. But in recent years, driven by the needs of domestic and Asian markets, the scale of China's textile machinery manufacturing industry has been expanding. China is changing from the largest textile machinery demand market to the Asian textile machinery manufacturing center and even the world textile machinery manufacturing center.